EOH Holdings expects to reduce its headline loss per share by at least 47% in its latest reporting period, the JSE-listed IT services group said on Thursday.
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BMW South Africa is to shut down its Rosslyn manufacturing plant in Pretoria for two weeks because of risks posed by Covid-19 and the resulting impact on demand for new vehicles.
Communications regulator Icasa is “engaging the sector on possible ways of radio frequency spectrum relief” during the national state of disaster declared by President Cyril Ramaphosa.
Large professional and institutional traders were among the biggest sellers during the rout that saw bitcoin tumble about 40% this month, according to analysis from researcher Chainalysis.
Energy regulator Nersa took a crucial step toward allowing the government to procure emergency power and to allow the building of more privately owned power plants.
The South African Reserve Bank cut its benchmark interest rate by the biggest margin in more than 10 years as it seeks to support an already fragile economy that’s expected be hit hard by the novel coronavirus.
In response to the Covid-19 pandemic, government is to erect a 40km fence within a month along the Zimbabwean border to ensure that no undocumented or infected persons cross the border into South Africa.
Various measures are included in the regulations, including a requirement that bars and restaurants that sell alcohol close by no later than 6pm, in an effort to contain the spread of the novel coronavirus.
Communications regulator Icasa has suspended all public hearings until further notice due to the worsening coronavirus outbreak in South Africa.
MTN Group said its Iranian business is still able to achieve strong sales growth in the short term, even as the unit battles to overcome ongoing US sanctions and the rapid spread of the coronavirus.