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Covid-19

FNB pays out R100m worth of credit insurance claims by June

By: Marleny Arnoldi     18th May 2020 First National Bank (FNB) expects to pay out about R100-million worth of credit life insurance claims by June, for customers whose finances have been negatively impacted by Covid-19. The insurance provider division of FNB, FNB Life, previously announced relief measures for customers including... 

South Africans have a right to approach courts during lockdown – Ramaphosa 

By: Thabi Madiba     18th May 2020 President Cyril Ramaphosa on Monday stated that while government would prefer to avoid the need for any legal action against it, South Africans who are unhappy with government regulations guiding the national lockdown have a right to approach the courts for any form of relief they seek. He said... 

South Africans have a right to approach courts during lockdown – Ramaphosa
President Cyril Ramaphosa

Minister, MECs commit to post-Covid-19 recovery plan for the tourism sector

By: Yvonne Silaule     18th May 2020 Tourism Minister Mmamoloko Kubayi-Ngubane and tourism sector MECs on Friday committed to creating a post-Covid-19 recovery plan for the sector, which has been severely impacted by restrictions implemented to curb the spread of Covid-19. The Minister and MECs discussed this during an emergency... 

Minister, MECs commit to post-Covid-19 recovery plan for the tourism sector
Tourism Minister Mmamaloko Kubayi-Ngubane

African car market can grow despite Covid-19, says AAAM’s Coffey 

By: Irma Venter     18th May 2020 Despite the Covid-19 pandemic, new-vehicle sales in sub-Saharan Africa can grow from around 100 000 a year, outside South Africa, to around two-million a year in the next 15 years – and this is a “very, very conservative” estimate, says African Association of Automotive Manufacturers (AAAM) CEO... 

African car market can grow despite Covid-19, says AAAM’s Coffey

Small modular nuclear reactors would be beneficial for South Africa, says industry body

By: Rebecca Campbell     18th May 2020 The Nuclear Industry Association of South Africa (Niasa) has highlighted the advantages that small modular reactors (SMRs) offer to, and the potential they provide for, the country. SMRs are nuclear reactors with a capacity of less than 300 MW, and, as electricity demand increases, the number of... 

Covid-19 impact on platinum market less than expected – WPIC 

By: Martin Creamer     18th May 2020 While the Covid-19 pandemic has had a major negative effect on the platinum market — including price, demand and supply — the results for the first quarter of 2020 show the net effect is less than feared, and the outlook for 2020 is better than expected, the World Platinum Investment Council... 

Covid-19 impact on platinum market less than expected – WPIC
Surging demand for platinum bar and coin.

Minister, premier, Implats meet on Limpopo Covid detection

By: Martin Creamer     17th May 2020 Mineral Resources and Energy Minister Gwede Mantashe on Sunday convened an urgent meeting with the Limpopo Provincial Government, led by Premier Stanley Mathabatha, and Impala Platinum (Implats) Marula mine management, following confirmation of a cluster of Covid-19 cases being detected in and... 

Minister, premier, Implats meet on Limpopo Covid detection
Marula Platinum process plant

Implats suspends Marula after detecting 19 positive Covid cases

By: Martin Creamer     16th May 2020 Platinum group metals mining company Implats on Saturday confirmed that a cluster of positive Covid-19 cases had been detected in and around its Marula operation in Limpopo province following stringent and comprehensive screening, testing and tracing protocols. The JSE-listed company said it had... 

Implats suspends Marula after detecting 19 positive Covid cases
The Marula platinum mining operation in Limpopo.

Kibo shareholders to vote on reorganisation of share capital as Covid-19 disrupts operations

By: Donna Slater     15th May 2020 Owing to the adverse impact of the Covid-19 pandemic on international business and the uncertainty surrounding the global economic outlook, Africa-focused energy company Kibo Energy is re-evaluating its business plans, partly involving the potential reorganisation of its share capital. The share... 

Solidarity Fund delivers food relief to 300 000 families, to pilot more interventions

By: Thabi Madiba     15th May 2020 Government’s pro bono organisation the Solidarity Fund on Friday announced that it had exceeded its target of providing food relief to 250 000 families across the country and had reached 300 000 families. Owing to the success of the relief efforts, it will be piloting a number of more sustainable... 

Solidarity Fund delivers food relief to 300 000 families, to pilot more interventions

Tribunal approves four more consent agreements

By: Donna Slater     15th May 2020 The Competition Tribunal has confirmed four more consent agreements relating to Covid-19 excessive pricing complaints, that were concluded between the Competition Commission and various companies. Consent agreements offer parties to alleged anti-competitive conduct the opportunity to settle the... 

DRDGold declares cash dividend 

By: Martin Creamer     15th May 2020 The board of DRDGold has declared a cash dividend of 25 c a share for the quarter ended March 31, the surface gold mining company said on Friday. The Johannesburg- and New York-listed DRDGold, headed by CEO Niël Pretorius, said in a stock exchange news service (SENS) announcement that the... 

DRDGold declares cash dividend
Photo by Creamer Media
DRDGold CEO Niël Pretorius

Online platforms should adapt to ensure post-Covid-19 survival

By: Donna Slater     15th May 2020 With people around the world increasingly using Web-based platforms to communicate, buy, sell and otherwise inform themselves about current affairs, Accenture technology practice MD Kirtan Sita says such platforms need to prioritise and implement essential functions that come with this vital... 

Tips launches Covid-19 weekly monitor

By: Donna Slater     15th May 2020 To assist individuals, economic stakeholders and policy makers in managing the Covid-19-related risks of re-opening the South African economy, the Trade and Industrial Policy Strategies (Tips) is launching a weekly monitor to track the spread of Covid-19 and its impact on the economy. To be... 

Digital solutions can assist agricultural export sector during Covid-19

By: Donna Slater     15th May 2020 Technology that can be used by the agricultural industry plays an increasingly important role as has recently become evident in the efficiencies it can drive in the food industry as Covid-19 disrupts various businesses, says start-up tech business Agrigate One CEO Greg Whitaker. He says the... 

US donates 730 000 masks for South Africa's health department

By: Donna Slater     15th May 2020 The US government, through the US Department of Defense’s Defense Threat Reduction Agency’s Biological Threat Reduction Programme (BTRP), has procured and started distributing 729 000 protective masks to South Africa’s Department of Health (DoH) to help curb the spread of Covid-19. The masks,... 

US donates 730 000 masks for South Africa's health department

UIF now pays TERS funds directly to employees, ups call centre capacity

By: Marleny Arnoldi     15th May 2020 On May 14 alone, the Unemployment Insurance Fund (UIF) paid out R836-million in Covid-19 Temporary Employer / Employee Relief Scheme (TERS) claims. This benefited 195 521 workers, which are represented by 8 495 employers.  

UIF now pays TERS funds directly to employees, ups call centre capacity
Photo by Creamer Media's Donna Slater
Labour Minister Thulas Nxesi

BBC raises small business concerns with department

By: Marleny Arnoldi     15th May 2020 The Black Business Council (BBC) and the Department of Small Business Development (DSBD) on May 8 held a virtual meeting to discuss the relief measures implemented by the department in response to Covid-19 and the Small Business Master Plan. The discussion was led by Minister Khumbudzo Ntshavheni... 

AfDB approves $13.7m for Zim Covid-19 response

By: Sane Dhlamini     15th May 2020 Zimbabwe will receive a $13.7-million grant from the African Development Bank to bolster its health system in the fight against the Coronavirus pandemic. The grant will strengthen support for frontline responders and health personnel and boost the country’s Global Health Security Index. The... 

AfDB approves $13.7m for Zim Covid-19 response

Covid-19 to result in contraction, increased instability and regionalism

By: Nadine James     15th May 2020 The Covid-19 pandemic is likely to result in increased geopolitical instability, recessions and a shift away from globalisation, speakers said during a May 14 webinar, titled 'Covid-19: Political And Geopolitical Risks', hosted by risk and industry research company Fitch Solutions. The speakers... 

Dr Sandile Buthelezi appointed as Health DG 

By: Thabi Madiba     15th May 2020 The Department of Health on Friday announced the appointment of South African National Aids Council CEO Dr Sandile Buthelezi as the department’s incoming director-general. The department noted Buthelezi’s 15-year experience in health governance, policy and programme management  and said he was... 

Dr Sandile Buthelezi appointed as Health DG

Aspen focused on maintaining production during pandemic

By: Tasneem Bulbulia     15th May 2020 JSE-listed Aspen’s immediate focus under Covid-19 has been to establish processes aimed at ensuring optimum production and the responsible allocation of essential drugs through a heightened focus on its production and supply chain activities. Aspen is experiencing an elevated demand for certain... 

Covid-19 could exacerbate food insecurity, malnutrition in Africa – WHO

By: Sane Dhlamini     15th May 2020 The World Health Organization has expressed concern at the potential impact of the coronavirus on food security, which it says could worsen malnutrition in Africa. WHO Regional Director for Africa Dr Matshidiso Moeti has warned that the virus is threatening livelihoods and household economies... 

Covid-19 could exacerbate food insecurity, malnutrition in Africa – WHO

Project launched to facilitate essential air cargo supplies to South Africa

By: Rebecca Campbell     15th May 2020 A South African business development company, ‘tvg&associates’ (TVG), has launched a project to coordinate the air transport of essential medical supplies to the country, using charter operations. This initiative, dubbed Operation Warhorse, is supported by the South African Association of Freight... 

Covid-19 catalysing cooperation in water sector

By: Donna Slater     15th May 2020 Water Research Commission CEO Dhesigen Naidoo has said the Covid-19 pandemic was encouraging different water sector role-players to open channels of communication and use digital tools to further their goals of making clean and safe water available to an increased number of people and... 

Covid-19 catalysing cooperation in water sector
Photo by Creamer Media's Donna Slater
Water Research Commission CEO Dhesigen Naidoo

WHO urges African countries to prioritise malnutrition, food scarcity issues

By: Marleny Arnoldi     15th May 2020 The World Health Organisation (WHO) has expressed concern about the potential impact of Covid-19 on food security, which will exacerbate the already significant burden of malnutrition in Africa. WHO Africa regional director Dr Matshidiso Moeti says Covid-19 is unfolding in Africa against a... 

WHO urges African countries to prioritise malnutrition, food scarcity issues

Dept reaching out to domestic workers, farm labourers to apply for UIF lockdown benefits

By: Tasneem Bulbulia     15th May 2020 In its quest to ensure that no worker in need is left behind, the Department of Employment and Labour (DEL) is making all efforts to reach domestic workers and farm labourers so that they can benefit from the Covid-19 relief scheme. The scheme, which is part of the basket of government-wide... 

South Africa to assign coronavirus restrictions by district – minister

By: Reuters     15th May 2020 South Africa will assign levels of lockdown restrictions for each of the country's roughly 50 districts, depending on the number of active coronavirus infections there, Health Minister Zweli Mkhize said on Thursday. The National Coronavirus Command Council, the government body overseeing efforts... 

South Africa to assign coronavirus restrictions by district – minister
Health Minister Zweli Mkhize

Majority of those working from home have not received cybersecurity training, guidance

By: Schalk Burger     15th May 2020 Three-in-four (73%) employees working from home have not yet received any specific cybersecurity awareness guidance or training to keep themselves secure from risks, a report published by cybersecurity multinational Kaspersky shows. While it can be more difficult to control the security of... 

Amid pandemic, short-term business risks need to be managed

By: Schalk Burger     15th May 2020 Upper-level management and executives will need to take the role of governance, risk and compliance teams very seriously during this time and in the months ahead, says legal and business information and analytics service multinational LexisNexis South Africa legal and compliance divisional... 

As firms reopen and pandemic lingers, health and safety obligations rise

By: Nadine James     15th May 2020 By now, most people are aware of measures prescribed by the World Health Organisation to help prevent the spread of Covid-19. However, given the phased reopening of the South African economy, it is prudent to consider the health and safety protections afforded employees through existing... 

As firms reopen and pandemic lingers, health and safety obligations rise

Anglo American to move corporate office to Rosebank

By: Martin Creamer     14th May 2020 Diversified mining company Anglo American, while committing to upholding the legacy of its historic central business district (CBD) presence in downtown Johannesburg, has decided to relocate its Johannesburg CBD colleagues to a new consolidated corporate office in Rosebank, north of the city... 

Anglo American to move corporate office to Rosebank
Photo by Anglo American
Historic Anglo American corporate offices in central Johannesburg.

Moolmans remobilises after lockdown, but Aveng warns of liquidity risks

By: Terence Creamer     14th May 2020 Construction and engineering group Aveng reports that the group’s South African contract-mining subsidiary, Moolmans, has recommenced full operations at the majority of its opencast contracts, while its underground project at Platreef is operating at 50% of capacity in line with South Africa’s... 

Business wants swift action on inappropriate level 4 regulations, as e-commerce opens 

By: Terence Creamer     14th May 2020 Business for South Africa (B4SA) has called for swift amendments to those Covid-19 level 4 lockdown regulations that President Cyril Ramaphosa has acknowledged to be unclear and contradictory and has again called for preparations to be accelerated for an orderly and rapid transition through... 

Business wants swift action on inappropriate level 4 regulations, as e-commerce opens
Photo by Creamer Media
Martin Kingston

Glencore beats emissions target, sets out to deliver safety step change 

By: Martin Creamer     14th May 2020 Diversified mining and marketing company Glencore significantly surpassed its emission target in 2019 but described its safety performance as being unacceptable. In announcing the publication on its website of its 2019 Sustainability Report as well as its environment, social and governance (ESG)... 

Glencore beats emissions target, sets out to deliver safety step change
Glencore’s head of sustainable development Anna Krutikov

Proudly SA extends Covid-19 portal to include sanitisers, detergents and disinfectants

By: Tasneem Bulbulia     14th May 2020 Following the success of its online portal dedicated to matching supply and demand of locally manufactured fabric face masks, national campaign Proudly SA has extended the portal to include local producers of hand sanitiser, surface disinfectants and detergents. As South Africans gradually return... 

Covid-19 exacerbating African economic instability

By: Tasneem Bulbulia     14th May 2020 Countries in sub-Saharan Africa were dealing with a myriad of economic and other challenges prior to the outbreak of Covid-19 and these will continue to impact on the outlook of countries in the region. The pandemic will further exacerbate the challenges faced by the region, speakers... 

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