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Naspers prohibited from buying WeBuyCars

Naspers, the listed multinational internet group, has expressed disappointment in the Competition Tribunal’s decision to prohibit its planned R1.8 billion acquisition of online used car dealer WeBuyCars. Sjoerd Nikkelen, GM of OLX in Africa, Middle…

When the virus crisis is over, the legal…

While the Covid-19 outbreak carves a vein of destruction across the planet, companies worldwide are reviewing millions of contracts to assess whether they can plead force majeure – or an inability to perform due to…

SA sees Moody’s junk rating as cue to…

South Africa’s National Treasury sees the downgrade of the country’s debt to junk by Moody’s Investors Service as an opportunity to fix the economy. While the announcement, made close to midnight on Friday (March 27),…

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PSL Finish Date ‘Unrealistic’, Warns Doctor

Share with your network! Former South Africa national team doctor Ntlopi Mogoru says it is “unrealistic” to expect the country’s Premiership to finish by the end of June as the coronavirus pandemic continues to spread.…

Covid-19: Where are our banks’ bazookas?

The response from the banking industry thus far to the Covid-19 pandemic and lockdown in South Africa has been, in a word, underwhelming. The damage being caused by a wholly unprecedented nationwide lockdown and the…