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Life Healthcare takes a knock as coronavirus impacts surgeries, admissions

by sundelbolong | May 11, 2020 | Business & Finance News

The coronavirus pandemic started taking a noticeable toll on private healthcare group Life Healthcare in February this year, affecting the group’s interim results for the six months to end March 2020, it said in a notice to shareholders on Monday. Life...

‘We can see all the signs of the storm’ – DTI seeks more funding to help rescue companies in distress

by sundelbolong | May 11, 2020 | Business & Finance News

The Department of Trade, Industry and Competition is in talks with National Treasury to get additional finance to support companies in distress as part of the post-coronavirus economic recovery package, Director-General Lionel October said on Monday. The...

Vodacom’s high data traffic will likely be permanent, say analysts

by sundelbolong | May 11, 2020 | Business & Finance News

Vodacom says the current lockdown, which has led to its data traffic increasing by as much as 40%, has shown it that it can reduce its costs of producing data and be able attract more customers once additional spectrum is auctioned to mobile operators. While the...

Oppenheimers step in with R100m cash injection to keep horse racing alive under lockdown

by sundelbolong | May 11, 2020 | Business & Finance News

The R100 million funding extended by the Mary Oppenheimer Daughters to Phumelela Gaming and Leisure is expected to stabilise the finances of the cash-strapped company while it goes through business rescue. The horse racing company announced that it had received...

Group Five to delist after 46 years on the JSE

by sundelbolong | May 11, 2020 | Business & Finance News

One-time construction giant, Group Five, plans to delist from the JSE after 46 years after the company went into business rescue in September last year. The company, established as an amalgamation of five companies in 1974 and listed on the local bourse, has been...
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