Oil prices dropped on Monday on a record daily rise in global coronavirus cases with big spikes in infections over the weekend in the United States (US) while traders await an OPEC technical meeting expected to recommend an easing of supply cuts.
South Africa’s poultry sector is bracing itself for a tough time ahead, as producers warn that an avalanche of chicken will hit the country after the Covid-19 pandemic, exacerbating chicken dumping issues that have plagued producers for many years.
Alexander Forbes has been forced to freeze the fees of all its nonexecutive directors as part of the group’s cost-containment initiatives in response to the impact of the coronavirus (Covid-19) pandemic on its operations.
Santam has requested an urgent meeting with the Financial Sector Conduct Authority (FSCA) after the authority rowed back on its business interruption (BI) claims position by recognising Covid-19 to be the primary cause of commercial losses.
Ahead of a key vote on the future of embattled national carrier, South African Airlines (SAA), minister Pravin Gordhan's Department of Public Enterprises (DPE) has called on unions and creditors to become the "co-creators of a new national airline".
Libya’s National Oil Corp (NOC) on Sunday accused the United Arab Emirates of instructing eastern forces in Libya’s civil war to reimpose a blockade of oil exports after the departure of a first tanker in six months.
The rand juggled cautious sentiment as coronavirus infections are surging across the globe and frustration hit as South African power utility Eskom switched off the lights against a soft US PPI release according to NKC Research.