Taste Holdings says it remains bearish about a material sales recovery in the next six months and that it will continue to invest in marketing expenditure and enhancing the customer value proposition. Taste reported its interim results saying that revenue was down 9 per cent to R483 million and operating profit also took a dive to R73 million from loss of R41 million. Loss attributable to equity holders widened to R66 million versus loss of R34 million. Carlo Gonzaga, Taste Holdings CEO joins CNBC Africa for more.
As part of our #LockdownLessons series, Bizcommunity (www.Bizcommunity.com) is reaching out to its Press Office clients and South Africa's top industry players to share their experience of the current Covid-19 crisis, how their organisations are navigating these unusual times, where the challenges and opportunities lie, and their industry outlook for the near future. What was your initial response to the crisis/lockdown and has your experience of it been different to what you expecte
COVID-19 highlights in the ECOWAS region as at 25th May, 2020. Distributed by APO Group on behalf of West African Health Organization (WAHO).Media filesDownload logo
Coronavirus – Africa: Urban refugees struggling to survive as economic impact of COVID19 worsens in East, Horn and Great Lakes of Africa
Download logoThis is a summary of what was said by UNHCR spokesperson Charlie Yaxley – to whom quoted text may be attributed – at today’s press briefing at the Palais des Nations in Geneva. Refugees in urban areas across the East, Horn and Great Lakes region of Africa are struggling to meet their most basic needs as the economic impact of COVID19 begins take hold. UNHCR, the UN Refugee Agency is working closely with governments and partners to find solutions for urban refug
Africa Women Innovation and Entrepreneurship Forum (AWIEF) Awards 2020 call for nominations announced
The Africa Women Innovation and Entrepreneurship Forum (AWIEF) (www.AWIEForum.org) is pleased to announce the call for nominations for AWIEF Awards 2020. This year marks the fourth edition of the highly-anticipated AWIEF Awards which serves as the premier platform to highlight achievements in women entrepreneurship across Africa. AWIEF Awards are Africa’s top honours for female founders and entrepreneurs designed to recognise and celebrate their contribution to the growth of Africa&rsqu
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Covid-19 has left many businesses with the stark reality of closing down or adapting. One company that is doing the latter is Droppa. Its CEO Khathu Mufamadi joins CNBC Africa for more.
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This year was supposed to be one of the biggest sports years for Kenya and East Africa, with athletes from the region set to participate in highly anticipated events like, the Magical Kenya Open, the Basketball Africa League, the African Championship of Nations and the Olympics. With all these sporting events and more being cancelled and postponed; and with gym closures and limited access to coaches leading to no place to train; where does that leave professional athletes and elite hopefuls as the world battles the Covid-19 pandemic? Sports Analyst, Sharon Allela joins CNBC Africa for more.
Key Points South Africa to downgrade lockdown measures to level three on June 1. This means a full reopening...
The Covid-19 pandemic has far-reaching economic ramifications on the productivity and profits of many industries without the exception of the mining industry. For more than a century mining was a flourishing industry in South Africa. In 2019 it contributed close to R361 billion or 8.1 per cent to SA’s GDP and over R91 billion to fixed investment. It employed 454,861 people and paid R24.3 billion in taxes. Since early March, the mining industry’s average share price has dropped 10 per cent and individual companies have lost 30 to 50 per cent of their market value. Is mining too deep in the Covid-19 crisis? How can the mining industry pave the way to total recovery and become the sunrise industry it wants to be?...
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Quite frankly, be candid… What African mining bosses and the minister call each other behind closed doors
For years it has been daggers drawn between government and mine owners in disputes over mining regulations that the latter fear are driving away investors from starting new mines.
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