The increased exports to the US and production will also lead to further job creation in the industry, which employs about 30 000 workers from rural communities.
JSE reported a 22% increase in net profit after tax to R485-million, while total revenue increased 22% to R1.32-billion.
The stores were located at the Nelson Mandela Square in Sandton City, Canal Walk in Cape Town and Mall of Africa in Waterfall City.
Toyota reported a slump in quarterly earnings, as the coronavirus pandemic shreds the global auto market.
The city says relief will be provided to approximately 806,959 properties.
BATSA has argued that the ban on smoking is counterproductive, and the benefits to public health are outweighed by the damage being done to livelihoods, individuals, and the economy.
Cash-strapped Denel must dig deep to pay salaries

Business News Cash-strapped Denel must dig deep to pay salaries

Denel’s financial woes make it unlikely that salaries will be paid by Friday, considering they need at least R370 million every month in working capital to keep operations running, but have R866 million in debts.

Business News Google’s R680m helping hand to media ‘must guarantee editorial independence’

Among those selected to benefit from the Journalism Emergency Relief Fund are 25 South African newspapers, which included mainstream and community newspapers.

Business News Lift cigarettes, alcohol ban to steer economy to recovery – Business Leadership SA

‘The unintended consequences of this ban have caused harm that far outweighs whatever positive outcomes it hoped to achieve,’ BLSA says.

Booze ban’s impact across multiple sectors greatly underestimated

Business News Booze ban’s impact across multiple sectors greatly underestimated

SAB has already announced a potential R5 billion loss in investments, while liquor store owners worry about expired stock, taverns may never open again, waste pickers have less income, and the glass sector risks de-industrialisation.

Business News Heineken won’t shut down as widely reported, despite challenges faced

Heineken further called on government to assist its industry in saving South Africans’ jobs.

Business News Over 1 400 Pick n Pay staff members take voluntary severance packages

According to the group, its objective is to reduce employee costs.

Business News SAB pulls the plug on its R2.5bn investment due to alcohol ban

SAB says it has effectively lost 30% of its annual production due to the ban on alcohol sales.

Business News Debt levels keep climbing as net incomes decline

The quarterly analysis by DebtBusters has been tracking client trends over the past four years.

Business News Petrol price to go up by 5c a litre, diesel by 45c

Gas will be 4c per kilogram lower as from 5 August 2020.

Business News Govt must re-look free higher education, civil servants’ wage increases – OECD

The balance of what is not covered through a Nsfas grant to students from more affluent families ‘should be supplemented by a government-guaranteed bank loan’.

Business News Sharing out the Steinhoff crumbs

The complex deal Steinhoff CEO Louis du Preez announced last week might just do the trick.

Business News SA car manufacturers call on govt to reduce vehicle taxes

‘For us to stimulate demand for vehicles, we cannot obviously exclude a conversation about tax.’

Business IMF loan was a big mistake – SACP

Blade Nzimande, also Higher Education, Science and Technology Minister, described the IMF’s R70-billion (US$4.3-billion) loan to South Africa as a grievous mistake.

Business SAA denies Facebook account was hacked

SAA encouraged its customers to continue to be vigilant, as they may be unscrupulous people out there whose intention was to prey on unsuspecting individuals.



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