Edition:
United States

Emma Rumney

UPDATE 2-Investec profit warning increases heat from investors

Sep 18 2020

* Says interim dividend unlikely (Recasts, adds investor comment, share reaction)

'There's nothing we can do,' striking South African undertakers tell bereaved

Sep 16 2020

JOHANNESBURG Grieving South African families are being left searching for someone to collect the bodies of deceased relatives after funeral parlors like Hloni Swarts' went on strike in a country with one of the world's highest coronavirus rates. | Video

S.Africa's coronavirus loan scheme lags, hobbling govt relief package

Sep 15 2020

JOHANNESBURG, Sept 15 South Africa's National Treasury plans no further easing of its coronavirus loan scheme criteria to stimulate uptake, it told Reuters, meaning almost a third of the government's 500 billion rand ($30 billion) relief package may end up going unused.

S.African bank profits seen taking years to recover from COVID-19 hit

Sep 11 2020

JOHANNESBURG, Sept 11 Coronavirus-related bad debts have set South African banks' profits back by around a decade or more and they are unlikely to recover for at least three years, two top executives told Reuters, as the economy struggles with recession.

UPDATE 2-S.Africa's FirstRand hopes to return to dividends next year

Sep 10 2020

* Says crisis will weigh on profit for some time (Recasts on dividend, adds shares)

AngloGold Ashanti, Barrick Gold to sell 'Morila the gorilla' stakes

Aug 31 2020

JOHANNESBURG AngloGold Ashanti and Barrick Gold will sell their effective 80% stake in the Morila Gold Mine in Mali, the miners said on Monday, as political crisis grips the West African nation after soldiers seized power in a coup.

Nicht versichert? Safari-Camp kämpft wegen Corona gegen die Pleite

Aug 24 2020

Pilanesberg National Park Das Safari-Camp von Wynand Du Toit liegt verlassen da, Paviane haben die Zelte aufgerissen, und auf dem Parkplatz grasen die Antilopen.

From Africa to America, businesses and insurers face survival showdowns

Aug 18 2020

PILANESBERG NATIONAL PARK, South Africa Wynand du Toit's safari camp in South Africa's Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after his insurer rejected his COVID-19 claim.

South African speakeasies boost calls for end to COVID booze ban

Aug 14 2020

JOHANNESBURG In an Italian bistro in an upmarket Johannesburg neighbourhood, smiling patrons chat at candle-lit tables in a scene reminiscent of less-troubled times before the COVID-19 pandemic.

S.African regulator working to clarify companies' rights in pandemic insurance claims

Aug 06 2020

JOHANNESBURG, Aug 6 South Africa's financial watchdog is consulting with lawyers and the insurance industry on a potential test case to clarify whether insurers should pay rejected claims from firms hit by the impact of the coronavirus, it told Reuters on Thursday.

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