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Woolworths warns of likely 20% profit fall

6 Apr 2020 /  Emma Rumney, Reuters  
The board and senior executive team will forgo 30% of their fees and salaries over the next three months.

Tesla shows ventilator prototype made from car components

6 Apr 2020 /  Angus Whitley, Bloomberg   
Supply chain disruption biggest hurdle for manufacturers of the machinery needed to treat seriously ill Covid-19 patients.

Tencent eyes Africa for music app after Covid-19 streaming spike

6 Apr 2020 /  Zheping Huang, Bloomberg   
Online entertainment is one of the few bright spots in global business during the turbulence of the Covid-19 pandemic.

Look who’s winning during lockdown

6 Apr 2020 /  Ciaran Ryan   4
Netflix, of course. Also teleconferencing provider Zoom, toilet paper makers – and gold.

Companies scramble to postpone, cancel dividends

6 Apr 2020 /  Hilton Tarrant   7
But the real impact will be seen later this year.

Underperforming RCL execs in line for generous payout

6 Apr 2020 /  Ann Crotty   3
Incurring the wrath of shareholders and shareholder activists.

Arms firm Denel to produce ventilators in coronavirus fight

5 Apr 2020 /  Nqobile Dludla, Reuters   11
A surge in the need for the machinery is expected as the epidemic spreads.

BAT South Africa urges government to lift cigarette sale ban

4 Apr 2020 /  Nqobile Dludla, Reuters   20
Says the ban will force the country's 11m smokers to venture out looking for tobacco.

ArcelorMittal South Africa issues force majeure

4 Apr 2020 /  Helen Reid, Reuters  
Cuts salaries.

Spur suspends franchise fees amid Covid-19 closures

3 Apr 2020 /  Suren Naidoo   8
To help lessen the financial impact of lockdown on its franchise chains.

How much Maria Ramos got paid on leaving Absa

3 Apr 2020 /  Hilton Tarrant   30
And what new CEO Daniel Mminele will earn …

Lockdown conundrum for auditors

3 Apr 2020 /  Larry Claasen   3
As legislation does not allow for a delayed audit.

Lockdown: Pepkor won’t pay retail landlords either

3 Apr 2020 /  Suren Naidoo   55
In a similar move to fellow clothing giant TFG.

Shares in mobile operator MTN surge as oil price recovers

2 Apr 2020 /  Nqobile Dludla, Reuters  
Shares in MTN leapt as much as 18%.

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