by sundelbolong | May 21, 2020 | Business & Finance News
Retailer Mr Price Group has announced a proposed capital raise of up to 10% of the company’s ordinary issued shares, as the country’s lockdown takes a bite out of revenue. The nationwide lockdown, which was instituted in late March and allowed only...
by sundelbolong | May 20, 2020 | Business & Finance News
Competition Commissioner Thembinkosi Bonakele told Parliament on Tuesday that while 13 settlements worth R12 million have been secured from companies for uncompetitive behaviour and pricing, prosecutions are still pending for price increases as high as 900%. The...
by sundelbolong | May 19, 2020 | Business & Finance News
Saudi Aramco is the first major global oil producer to see its stock recover to the level it traded at before the price war between Russia and Saudi Arabia. Aramco climbed 3.1% in Riyadh on Tuesday, advancing for a record sixth day alongside an extended increase in...
by sundelbolong | May 15, 2020 | Business & Finance News
Zimbabwe has announced the introduction of two higher denomination banknotes in a bid to ease cash widespread shortages. Finance Minister Mthuli Ncube this week gazetted the introduction into circulation of new Z$10 and Z$20 notes. Currently the highest denomination...
by sundelbolong | May 14, 2020 | Business & Finance News
In the wake of the ban on tobacco sales, South African smokers have been paying between R80 and R300 for a pack of cigarettes – up to six times the price of the most expensive brands prior to the lockdown. Some say they are paying as much as R3 000 for a carton...
