Adequate contingency measures are in place for medicine supply, says Cipla

Sandile Mchunu|Published

The company said its manufacturing plant had been impacted by the looting and riots last week, but had not been burnt down, as some reports suggested.

Clicks to hold largest retail pharmacy network in SA after Pick n Pay deal

Sandile Mchunu|Published

JSE-listed health and beauty retailer Clicks Group is set to hold the largest retail pharmacy network in South Africa, with a portfolio of 632 pharmacies in the ...

Households paying up to R159 more for food basket in April

Sandile Mchunu|Published

This is the highest level since September 2020.

Phumelela’s racecourse first in SA to go under the hammer

Sandile Mchunu|Published

The expected auction of the Arlington racecourse comes after South Africa’s largest horse racing and tote betting operator was placed under business rescue on May ...

Embattled Steinhoff offers R1. 37bn to settle claims

Sandile Mchunu|Published

Included on the list of beneficiaries, along with claims from insurers, are about 20 former directors and officers.

Wheels of justice finally turn on Steinhoff implosion

Sandile Mchunu|Published

German authorities announced this week that three former Steinhoff executives and an outsider would be charged for balance sheet manipulation of more than €2. 3 ...

End of the race as Phumelela is forced off the JSE

Sandile Mchunu|Published

Phumelela Gaming and Leisure said that it had been informed by the JSE that its shares will be removed from the bourse from January 11.

SA banking sector remains robust despite Covid-19 and downgrade challenges

Sandile Mchunu|Published

Analyst says South African banks had shown robustness during the tough operating environment.

BAT looks to expand its footprint

Sandile Mchunu|Published

The group also wanted to encourage those who continue to smoke to switch completely to scientifically-substantiated, reduced-risk alternatives

R110. 1m paid to creditors while Phumelela Gaming under business rescue

Sandile Mchunu|Published

In August Phumelela received R550m funding from the Oppenheimer family, to ensure that its operations are continuing while the company is being restructured.

Capitec to hire more staff

Sandile Mchunu|Published

This at a time when the banking sector is engulfed in discontent at the number of banks retrenching staff and as a planned strike today was averted.

Creditors give Steinhoff another lifeline

Sandile Mchunu|Published

'Lenders are between a rock and a hard place here. If they don’t grant the extension, they risk a long, drawn-out liquidation. '

De Beers to close Free State mine

Sandile Mchunu|Published

The Voorspoed Mine will be closed as the diamond giant fails to obtain a suitable operator.

Food prices will not be affected by decline in wheat production

Sandile Mchunu|Published

Poor yields in the Western Cape and in some parts of the Free State province has forced the production of wheat to decline.

MTN scoops the coveted 2017 Most Valuable Brand award

Sandile Mchunu|Published

Awards based on the commercial value of South African brands