Zoom reported better-than-expected quarterly profit on Monday, but warned investors that revenue growth at the video chat company will slow as the pandemic comes to an end. Read more.
Tags : lockdown
The Beer Association of South Africa (Basa) said it would submit an urgent Promotion of Access to Information Act (PAIA) application to the National Coronavirus Command Council (NCCC) to obtain the data and evidence on which it based its decision to extend an alcohol ban by another two weeks.
The rand traded stronger during Monday’s European session, although EM currencies in general were muted as a slew of lacklustre PMI readings weighed on sentiment, according to NKC Research. Read more.
Retailer TFG flagged an up to 85% decline in full-year profit on Friday, hurt by COVID-19-led lockdowns across its markets. Read more.
Retail giant Pick n Pay (PIK) yesterday reported that it lost an estimated R4 billion in sales as a result of the ban on alcohol sales. Read more.