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South Africa

Future of Retail

South African retailer Pick n Pay banks on discount stores to grow

South African retailer Pick n Pay may double the number of its Boxer stores to 600 within five years to target underserved low and middle-income ... shoppers, David North, head of strategy and corporate affairs, tells The Africa Report.

Virus Outbreak South Africa Long Exit

RISE AND SHINE

Africa: Pandemic could be dawn of a new day for the continent

In Africa, the impact of COVID-19 is not only widespread, but it is also devastating and has the potential to have a deeper and longer-term impact ... on the growth trajectory of the continent, investment banker Yvonne Ike tells The Africa Report.

Customising Tech

GE bets on digital solutions for growth in African renewables

GE is seeking local partners in renewable energy and healthcare as it seeks to use digitalisation to deliver customised solutions in Africa, ... Nyimpini Mabunda, CEO of GE Southern Africa, tells The Africa Report.

SOUND SOLUTIONS

How Ramaphosa plans to rescue South Africa from economic misery

Devastated by the ravages of the COVID-19 crisis, which has left more than two million South Africans without jobs and the economy in tatters, ... President Cyril Ramaphosa has unveiled a recovery plan.

bonfig

Never Waste a Good Crisis

African expansion to come as Bonfiglioli rides V-shaped recovery

Bonfiglioli, the Italian supplier of industrial gearmotors and drive systems, plans to expand in sub-Saharan Africa to take advantage of anticipated ... post-pandemic economic recovery.

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Safer haven

COVID-19: Why are Africa’s low death rates low?

As the threat of a COVID-19 pandemic emerged earlier this year, many felt a sense of apprehension about what would happen when it reached ... Africa.

split it?

Swiss Re: Insurance industry can’t foot the bill for COVID-19 damages

The costs of global pandemics such as COVID-19 exceed the capacity of the global insurance industry, making them effectively “uninsurable risks”, ... Beat Strebel, Swiss Re’s head of Middle East and Africa, tells The Africa Report.

Silver Lining

To survive COVID-19, Radisson bets on open-doors policy

Global hotel group Radisson is pressing ahead with the opening of a hotel and convention centre in Johannesburg by the start of November, Tim ... Cordon, vice president for the Middle East and Africa, tells The Africa Report.

OPENING UP

South Africa’s level 1 will kick-start tourism recovery – Tsogo Sun CEO

Tsogo Sun group has had a mixed experience on the continent amid COVID-19, while South Africa’s move to level 1 has sparked demand from German ... tourists, says CEO Marcel von Aulock.

Loan Losses

South Africa: Banks consider more relief for borrowers hurt by COVID

South Africa’s banks are considering further relief for borrowers hurt by the fallout from the COVID-19 pandemic, Vikas Khandelwal, a board ... member of The Banking Association of South Africa, tells The Africa Report.

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