UPDATE: Johann Rupert denies jumping the vaccine queue in Switzerland

UPDATE: Johann Rupert denies jumping the vaccine queue in Switzerland

UPDATE: Below is a story from Bloomberg on SA billionaire Johan Rupert getting a vaccine in Switzerland but in a piece on Business Day Rupert responded to the article in Swiss newspaper Tages-Anzeiger denying he’d jumped any queues: “They are already on healthy 55-year-olds in Zurich from next Monda

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Mediclinic treats 2nd wave challenges with efficacy

Mediclinic treats 2nd wave challenges with efficacy

Mediclinic SENS statement:Q3 Trading UpdateMediclinic International plc, the diversified international private healthcare services group, provides the following trading update for the third quarter period between October and December (“Q3”) of the financial year ending 31 March 2021 (“FY21”).Summary

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Ramaphosa approves legislation to regulate political party funding

Ramaphosa approves legislation to regulate political party funding

'President Cyril Ramaphosa has approved legislation that will regulate public and private funding of political parties', says Bloomberg.By Paul Richardson(Bloomberg) – South Africa’s president approved legislation that will regulate public and private funding of political parties.The Political Party

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Mr Price delivers strong growth in tough economic environment

Mr Price delivers strong growth in tough economic environment

Mr Price recorded growth in retail sales and other income of 5.0% to R7.8bn over the corresponding period in the prior year.Mr Price SENS statement:During the third quarter (27 September 2020 to 26 December 2020) of the financial year ending 3 April 2021, the group continued its pursuit of further m

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Eskom CEO takes flack from NUM for ‘poor performance’

Eskom CEO takes flack from NUM for ‘poor performance’

Eskom CEO Andre de Ruyter has come under fire from the National Union of Mineworkers for failing to prevent power cuts in the country.By Paul Burkhardt(Bloomberg) – The biggest labour group at South Africa’s Eskom Holdings blamed “poor leadership” for ongoing nationwide power cuts, a discordant sign

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SARB keeps interest rates unchanged

SARB keeps interest rates unchanged

(Bloomberg) – South Africa’s central bank held its benchmark interest rate for a third straight meeting as it revised its inflation forecasts higher and signalled that tightening may start sooner than previously indicated.The Monetary Policy Committee kept the repurchase rate at 3.5%, Governor Leset

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Minister Jackson Mthembu passes away from Covid-19 complications

Minister Jackson Mthembu passes away from Covid-19 complications

Minister in The Presidency, Jackson Mthembu has passed away from Covid-19 related complications.President Cyril Ramaphosa has expressed his condolences in a statement released on the 21st of January.‘It is with deep sorrow and shock that we announce that Minister in The Presidency, Jackson Mthembu p

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Massmart feels Covid-19 pinch as sales decline

Massmart feels Covid-19 pinch as sales decline

For the 52-week period, Massmart's total sales amounted to R86.5bn, representing a decrease of 7.7% over the same period last year.Massmart SENS statement:Sales update for the 52 weeks ended 27 December 2020 and Management Services agreement with Genpact covering financial transaction processing act

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Tax on wealthy South Africans could raise R160bn for government coffers

Tax on wealthy South Africans could raise R160bn for government coffers

By Antony Sguazzin(Bloomberg) – An annual wealth tax on the net worth of South Africa’s richest people could raise as much as R160bn ($10.7bn) and would narrow inequality in a nation where the most affluent 1% of the population own 55% of personal wealth, a study showed.The study, carried out by gro

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Private equity investors are back in the African market with money to spare

Private equity investors are back in the African market with money to spare

By Roxanne Henderson(Bloomberg) – Private-equity investors in southern Africa are closing deals again after a virus-induced lull, tapping a cash pile that stood at more than R30bn ($2bn) in June, according to an industry association.Businesses in the education, health care and retail sectors operati

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Newly acquired Jet is TFG’s Covid-19 lifesaver as turnover grows

Newly acquired Jet is TFG’s Covid-19 lifesaver as turnover grows

TFG's acquisition of Jet from the Edcon group already seems to be paying dividends, with the group releasing a positive Q3 trading update. TFG SENS statement:Trading update for Q3 FY2021 and the nine months to 26 December 2020Salient features:TFG Africa Q3 FY2021 turnover growth of 14.7% (excluding

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Glencore sells Mopani to Zambian govt with $1 in hand

Glencore sells Mopani to Zambian govt with $1 in hand

By Thomas Biesheuvel, Matthew Hill and Taonga Clifford Mitimingi(Bloomberg) – Glencore has agreed to sell its stake in Mopani Copper Mines to the Zambian government for $1.5bn, but will get just $1 upfront.Glencore has been in talks with the state about Mopani since last year after the two clashed o

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DA wants clarity on South African Covid-19 vaccine programme

DA wants clarity on South African Covid-19 vaccine programme

The DA demanded the government give clarity about its strategy to procure vaccines against the coronavirus and manage its vaccination program.By Pauline Bax(Bloomberg) – South Africa’s opposition Democratic Alliance demanded the government give clarity about its strategy to procure vaccines against

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Tax hikes to fund Covid-19 vaccines?

Tax hikes to fund Covid-19 vaccines?

Treasury Director-General Dondo Mogajane, has suggested tax increases as an option for funding the procurement of Covid-19 vaccines for SA.By Jacqueline Mackenzie(Bloomberg) – South Africa’s National Treasury is considering raising taxes as one of several possible mechanisms to fund the vaccination

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Truworths shares surge on positive business update

Truworths shares surge on positive business update

Amidst challenging trading conditions, Truworths estimates that headline earnings per share will be between 332 cents and 350 cents.Truworths SENS statement:Truworths International Limited (the ‘Group’) announces that both of its main markets, South Africa and the UK, continue to be affected materia

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Land Bank on the brink – recovery plan rejected by Treasury

Land Bank on the brink – recovery plan rejected by Treasury

The Land bank of South Africa is back to square one as Treasury withdraws its debt guarantee, a cornerstone of its recovery plan.By Roxanne Henderson and Antony Sguazzin(Bloomberg) – South Africa’s backpedaling on debt guarantees provided to a state-owned Land Bank threatens to shut the lender and o

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Mining stocks drag SA markets down from record high

Mining stocks drag SA markets down from record high

Mining stocks took a tumble at the end of the trading week, taking the JSE Alsi down with them after record highs on Thursday.By John Viljoen(Bloomberg) – South African stocks retreated from a record as shares in miners tumbled the most in a month, with metals prices falling amid doubts regarding th

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MTI liquidators want more clout to deepen investigations

MTI liquidators want more clout to deepen investigations

Mirror Trading International's provisional liquidators want to call witnesses and widen the scope of their insolvency investigation.By Roxanne Henderson(Bloomberg) – The investigation into a failed South African Bitcoin trader is deepening as provisional liquidators appointed to seize control of Mir

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Sibanye offers its facilities in Covid-19 vaccine rollout

Sibanye offers its facilities in Covid-19 vaccine rollout

Sibanye-Stillwater has offered its extensive healthcare resources in the rollout of Covid-19 vaccines in South Africa.By Felix Njini(Bloomberg) – Sibanye Stillwater, one of South Africa’s largest precious-metals producers, offered to help the government’s vaccination campaign by inoculating hundreds

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Ascendis Health clears the air regarding Covid-19 “miracle cure”

Ascendis Health clears the air regarding Covid-19 “miracle cure”

Ascendis Health SENS statement:Ascendis Health has noted that a product within the Company’s Animal Health portfolio, Ivermax 1%, an antiparasitic remedy for livestock, is being promoted on social media as a potential treatment for Covid-19 in humans.In line with the General Principles of the JSE Li

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Covid-19: SA to achieve herd immunity within a year – DoH

Covid-19: SA to achieve herd immunity within a year – DoH

The Department of Health says it wasn't remiss in delaying Covid-19 vaccine procurement and SA is still on track to achieving herd immunity in a year.By S’thembile Cele(Bloomberg) – South Africa’s health department expects to finalise accords to buy millions of additional coronavirus vaccines within

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