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Govt a step closer to easing municipalities’ reliance on Eskom

by sundelbolong | May 6, 2020 | Business & Finance News

The Department of Mineral Resources and Energy has kicked off a public consultation process which will pave the way for municipalities to directly source their own electricity from independent power producers, in a move expected to reduce over-reliance on state-owned...

Dis-Chem hiked mask prices before costs escalated, says Commission

by sundelbolong | May 6, 2020 | Business & Finance News

The Competition Commission has slammed Dis-Chem’s argument that the retailer increased its face mask prices in March in line with other competitors. The retailer, which is being prosecuted for price gouging, said it was forced to increase prices of surgical...

SA economy could shrink by up to 17% in 2020 despite stimulus, warns business alliance

by sundelbolong | May 6, 2020 | Business & Finance News

South Africa’s GDP could shrink by between 10% and 16.7% this year despite stimulus efforts due to a sharp plunge in economic activity, according to Business for South Africa. This plunge would be six to eleven times as severe as the economic contraction that...

EU faces historic recession as China, US spar over virus origins

by sundelbolong | May 6, 2020 | Business & Finance News

The EU on Wednesday forecast a historic recession on the continent battered by the deadly coronavirus pandemic, as the US and China escalated their war of words over the origins of the disease. The grim prediction from Brussels came as Europe’s biggest economy...

TymeBank and digital peers thrive in online shift prompted by coronavirus

by sundelbolong | May 6, 2020 | Business & Finance News

With 1.6 million customers and 850 000 active accounts and counting, TymeBank’s growth in the first year of its launch surpassed its own projections. But can the bank maintain this momentum as the novelty of trying new things wears off for digitally savvy early...
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