by sundelbolong | May 28, 2020 | Business & Finance News
Old Mutual says life insurance sales almost came to a standstill in its biggest business unit during the lockdown as brokers were not able to see customers. To make matters worse, some existing customers are seeking premium holidays and discount or lapsing their...
by sundelbolong | May 28, 2020 | Business & Finance News
Africa’s biggest fund manager, the Public Investment Corporation, is willing to convert more than R90 billion of Eskom’s debt into equity. The proposal has been submitted to South Africa’s National Treasury by the PIC and its main client, the Government...
by sundelbolong | May 28, 2020 | Business & Finance News
Personal care services such as hairdressers, beauty services and tattoo parlours will remain closed under level 3 of the national lockdown, according to new regulations. Minister of Cooperative Governance and Traditional Affairs, Dr Nkosazana Dlamini-Zuma, gazetted...
by sundelbolong | May 28, 2020 | Business & Finance News
Logistics and fleet management company Barloworld [JSE:BAW] says it will implement group-wide retrenchments as it battles the economic shock of Covid-19 on its business. In a trading update on Thursday, the group said that while austerity measures implemented earlier...
by sundelbolong | May 28, 2020 | Business & Finance News
Professor Rolf Heinrich Stumpf, board chairperson of Stadio [JSE:SDO], has resigned with immediate effect, the private higher education provider announced on Wednesday. Stumpf’s resignation is due to health reasons, according to a statement. The board has not...
