FIN 24 – News

FIN 24 – News

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FIN 24, South Africa’s premier site for up-to-date business and finance news, stock market data, economic analysis, personal finance and investment information.

’s breaking news wire service brings you the latest South African, African and international news reports and press updates from newsrooms across the country. | Level 3 gives airlines a lifeline - but it's a short one

If limited flight operation during Level 3 is a lifeline for airlines battling to survive, its effects will depend on demand. | Another R30m in tourism relief for tour guides

An additional R30 million in coronavirus relief has been made available for tour guides, meaning some freelancers are now eligible for financial assistance. | OPINION | You're retrenched, stranded or unpaid. What happens to your retirement savings?

Economic fallout from the coronavirus pandemic is taking its toll on retirement savings, starting with employees on unpaid lockdown leave, or who have otherwise lost income. | MONEY CLINIC: Can I be charged double interest on a home loan plus R50 000 in legal fees?

A reader questions the legality of being charged double interest on outstanding bond debt, as well as R50 000 in legal fees. Legal expert Andrew Goldschmidt responds. | You may have to bet your house to get Covid-19 business loan

Even though the National Treasury is guaranteeing 94% of the Covid-19 business loans scheme, banks are asking business owners to provide 100% security in some instances. | PIC: Eskom debt to equity swap is just one option

A possible conversion of the Public Investment Corporation's bond investment in Eskom into equity is just one option on the table, the state-owned asset manager has said. | 'You are almost making policy in the dark': SARB governor Kganyago on managing Covid-19

SA's economy is unlikely to go back to "normal" in the next two to three years, and the meaning of "normal" is also up for debate, says Reserve Bank governor Lesetja Kganyago. | Mboweni to discuss concerns raised about new IRBA CEO's appointment

John who sat in the Tongaat Hulett board from 2007 till May 2019 and chaired the company's audit and compliance committee is due to take over the reign on 1 June. | South Africa diesel dearth to lift in weeks as refining restarts

More than half of the country's refinery capacity had been shut due to lockdown and unplanned outages. | Denel backtracks on not paying May salaries

NUMSA says Denel management has given commitment to pay May salaries to its members, especially the lowest paid workers. | Daphne Mashile-Nkosi's mining venture dodges business rescue, for now

The Johannesburg High Court stuck IDC's urgent application off the roll on Friday and parties to approach the Divisional Judge President for a special hearing. | Nearly 400 mineworkers infected with coronavirus despite safety measures

According to information released by the Minerals Council of South Africa on Friday, a total of 383 mineworkers were infected, and over 200 of them were in the gold sector. | Competition watchdog issues over R13m in fines for unfair price hikes during pandemic

As many as 30 firms are concluding settlement agreements after admitting that they implemented price hikes unfairly during the coronavirus pandemic. | SAA business rescue practitioners ask for another extension

SAA business rescue practitioners have asked for another extension to 8 June to provide a plan on how they expect to save the ailing state-owned airline. | PIC extends Matshepo More's suspension

The statement said that while a disciplinary inquiry report found that Matshepo More was not guilty, the Public Investment Corporation considered it “ill-advised” to reinstate her. | Coronavirus: Employees can refuse to return to work if they feel unsafe – labour minister

Employers must make sure that all employees wear masks in the workplace, each employee must be given two free masks - and a Covid-19 compliance officer must be hired. | Autopax gets permanent CEO as Prasa fills several top positions

Prasa on Friday announced a permanent CEO for its cash-strapped bus service company, Autopax, as well as at Prasa Rail - part of a batch of executive appointments. | Fuel price set to rise as economy gears up for Level 3 - AA

The AA noted a stronger than expected economic recovery for South Africa as the main reason for their projection. | British American Tobacco in new urgent court bid to undo cigarette ban

The state says the ban is needed to safeguard public health, as evidence suggests cigarette smokers are more likely to develop severe Covid-19 symptoms than non-smokers. | FIN24 SPEAKS LIVE | SARB governor Lesetja Kganyago on monetary policy in a post-Covid-19 world

Fin24 editor Ron Derby speaks to Reserve Bank governor Lesetja Kganyago about monetary policy, the role of the central bank, and recovery post-coronavirus.

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