by sundelbolong | Jun 1, 2020 | Business & Finance News
RMB Holdings [JSE:RMH] has been given the green light by shareholders to proceed with the unbundling of its entire stake in FirstRand Bank, marking the end of a 27-year history between the two companies. RMH, whose major shareholders are investment holding company...
by sundelbolong | Jun 1, 2020 | Business & Finance News
South Africa’s new vehicle sales for May were just over two-thirds lower than a year earlier, as the nationwide lockdown continued to put a damper on economic activity. But the 68% slump was still an improvement on April, when sales plummeted by a record...
by sundelbolong | Jun 1, 2020 | Business & Finance News
Consumers will pay R1.18/l more for both grades of petrol from Wednesday, 3 June. This is in line with earlier projections by the Automobile Association against the background of a rise in the international price of crude oil. But the price of petrol is still about...
by sundelbolong | Jun 1, 2020 | Business & Finance News
The ongoing Covid-19 crisis has brought uncertainty to global trade because of disruptions in supply chains and weakening demand. South Africa’s agricultural sector, which is export-oriented, is one of the sectors I feared would be disrupted by the pandemic. So far,...
by sundelbolong | Jun 1, 2020 | Business & Finance News
A draft plan proposed by the business rescue practitioners of South African Airways calls for taxpayers to cough up about R4.6 billion more to save the debt-laden struggling national flag carrier. The draft proposal, which has been seen by Fin24, makes provision for a...
