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Sasol shares briefly rally on stronger oil price before paring gains

by sundelbolong | Jun 3, 2020 | Business & Finance News

Sasol shares gained as much as 14% on Wednesday as the price of Brent Crude oil rose above $40 a barrel for the first time in nearly three months, before pairing gains to trade up 1.5% in the early aftrenoon.  After coming under pressure from the combined effects of...

Coronavirus intensifying banking competition on price

by sundelbolong | Jun 2, 2020 | Business & Finance News

One of SA’s largest banks, FNB says the coronavirus pandemic is heightening competition for banks and foresees the possibility of mergers and acquisitions as lenders vie for reduced consumer income. “When the economy goes through this level of challenges,...

Competition watchdog issues over R13m in fines for unfair price hikes during pandemic

by sundelbolong | May 29, 2020 | Business & Finance News

The Competition Commission has tackled over 1 500 cases of unfair pricing of essential items since the start of the Covid-19 pandemic, and has issued fines of over R13 million in total, according to Commissioner Tembinkosi Bonakele. Bonakele on Friday provided an...

Oil, fuel price set to rise as economy gears up for Level 3 – AA

by sundelbolong | May 29, 2020 | Business & Finance News

The fall in the petrol price of recent months is set to come to an end in June, according to the latest projections released by the Automobile Association on Friday. The Association said in a statement that petrol is expected to increase by up to R1.18 a litre. The...

Mr Price rejects speculation of Edcon purchase

by sundelbolong | May 28, 2020 | Business & Finance News

Mr Price has rejected speculation that it has been looking to acquire retail chain Jet, a unit of struggling fashion giant, Edcon, which recently went into business rescue. “The Group has no intention to acquire Edcon, in part or in whole,” the...
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