Unless funding is secured, presumably from a new investor, one could assume that the company will be placed in business rescue. It is highly unlikely that it will be able to trade its way out of this situation.
The sod turning for the R500-million Boardwalk Mall took place on Thursday. Its an extension and upgrade of the Boardwalk Precinct which will more than double its retail space to 23 000sqm
From April last year to March this year, retail giant Pepkor Holdings opened 65 new Pep and Ackermans stores despite Covid-19 and the related lockdown restrictions.
Only 5.8% of South Africa’s population is paying about 92% of all personal tax in the country, according to Econometrix chief economist and director Azar Jammine.
Organised business bodies in Durban, have expressed shock and disappointment at the move, saying the industry was not consulted.
Fuel prices are set for a significant spike when the price for February is adjusted next week.
The South African wine industry body Vinpro is heading to the Cape High Court in an attempt to have the ban on the sale of wine under the current lockdown level 3 regulations overturned.
The Eastern Cape Government has welcomed Transnet National Ports Authority's (TNPA) decision to relocate its headquarters to Nelson Mandela Bay.
The South African Reserve Bank (Sarb) and the Financial Sector Conduct Authority (FSCA), in consultation with the Payments Association of South Africa, have warned the public not to use instant electronic funds transfer (EFT) online payment services as a payment option.
