Retailers such as Mr Price and Massmart have recorded considerable increases in sales of both home improvement and DIY goods. Read more.
Tags : economy
Even though the alcohol ban is eliminating the demand for bottles, glass producers in South Africa are being forced to keep furnaces running or risk permanent damage to them, which is costing them millions each day. Read more.
Land Bank experiences R172 million interim loss for 2020, City of Cape Town calls for curfew hours to be extended, and SA economy outlook remains grim according to BNP Paribas. Read more.
Steve Biko Hospital facing pressure amid a rise in Covid-19 cases, and economists warn that hard lockdown may undo the benefits brought on by record low interest rates. Read more.
While there was a great need for a full nationwide lockdown earlier in the year to attempt to curb the spread of Covid-19 in South Africa, the same effect could not be expected from it against the second wave of infections, stated Pres Cyril Ramaphosa when he addressed the nation on Monday evening.
For a greater part of the nationwide lockdown, the sale of tobacco products was prohibited until level 2, apart from exports. This included e-cigarettes and related products. The ban left the tobacco industry reeling.