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Business Report
21 May 2020
FILE PHOTO: A South African Airways (SAA) plane is towed at O.R. Tambo International Airport in JohannesburgShape up or ship out, parliament tells SAA’s business rescuers

Parliament has told the business rescue practitioners of SAA to “shape up or ship out” as the process of saving the airline has drowned millions.

 
Gordhan stakes his reputation and South Africa’s on new airline

Pravin Gordhan, South Africa’s minister for public enterprises, is staking his own credibility on the creation of a new airline.

 
Dis-Chem in agreement to acquire 100% of Baby City from its founder

Dis-Chem is set to enter the baby retail market after it entered into an agreement to acquire the issued share capital of Baby City for R430m,

 
Government’s ‘U-turn’ on e-commerce decision good news for industry

The government’s ‘U-turn’ on e-commerce is good news for the online retail, and the courier, logistics and freight forwarding industries.

 
BREAKING BUSINESS NEWSMore from Business Report
Cell C is set for a takeover, likely to be MTN
 
 
 
Despite Covid-19 the MPC should decrease the Repo rate further
 
 
 
LISTEN: Valentines volumes propp up retail sales in February
 
 
 
COMPANY NEWSMore from Companies
CELL C SAYS the merger is part of a restructuring process that began last year. It says it is involved in ongoing discussions with financiers and relevant stakeholders to finalise the transaction. Simphiwe Mbokazi African News Agency (ANA)Cell C is set for a takeover, likely to be MTN
   
Electronic payment platform sees 400% growth in monthly customer acquisitions
 
 
 
Indluplace impacted by the fair value adjustments
 
 
 
Rhodes loss of R44m due to drop in exports
 
 
 
NEWSMore from Economy
Land Bank, the country’s largest agricultural focussed lender, was downgraded by Moody’s in January and defaulted on loans totalling 50 billion rand ($2.74 billion) in April, triggering fears about its ability to stay afloat. Photo: Supplied.Despite Covid-19 the MPC should decrease the Repo rate further
   
LISTEN: Valentines volumes propp up retail sales in February
 
 
 
Trumpesque rowdy diplomacy?
 
 
 
OPINION: Major role for construction in SA recovery
 
 
 
 
OPINION/ANALYSISMore from Opinion
Trumpesque rowdy diplomacy?
 
 
 
OPINION: Major role for construction in SA recovery
 
 
 
Is South Africa in a drive to forcibly suppress wages?
 
 
 
INTERNATIONALMore from International
FILE PHOTO: Farmer picks up cocoa beans while spreading them to dry on an open ground in Iragbiji villageCocoa deforestation fight needs to be intensified to meet goals
   
Zambia seeks restructuring after ‘over-ambition’ on debt
 
 
 
Coffee production faces climate risk for Africa’s top grower
 
 
 
WEF report paints gloomy picture of long-lasting global recession due to Covid-19
 
 
 
MARKETSMore from Markets
Land Bank, the country’s largest agricultural focussed lender, was downgraded by Moody’s in January and defaulted on loans totalling 50 billion rand ($2.74 billion) in April, triggering fears about its ability to stay afloat. Photo: Supplied.Despite Covid-19 the MPC should decrease the Repo rate further
   
Rhodes Food interim earnings down 3.1%, sees risk from Covid-19
 
 
 
Rand holds steady as risk-on sentiment kicks in
 
 
 
Competition Commission received over 1 000 complaints on price increases during lockdown
 
 
 
 
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