BizNews in brief

South African stocks slide in seesaw start to the week

South Africa’s main stocks index declined by around 1%, after a slump in Tencent pulled benchmark giant Naspers and Prosus lower.

Moderna will soon begin human trials for a booster shot, aimed at neutralising the SA strain of Covid-19, after promising animal testing.

Covid-19 has been the last straw to break Zimbabwe’s healthcare system. A politician has told citizens to buy their own ventilators.

African Bank stakeholders are advised that Basani Maluleke has resigned and will serve out her notice period until 30 April 2021.

Woolworths Group sales for the 26 weeks ended 27 December 2020 increased by 5.3% compared to the prior period.

‘Rupert said his physician arranged the vaccination because he is 70 and has co-morbidities as defined by Swiss law’, says Bloomberg.

Q3 Group revenue up 2.5%; supported by unseasonably high inpatient activity at Mediclinic Southern Africa and Mediclinic Middle East.

‘President Cyril Ramaphosa has approved legislation that will regulate public and private funding of political parties’, says Bloomberg.

Mr Price recorded growth in retail sales and other income of 5.0% to R7.8bn over the corresponding period in the prior year.

Eskom CEO Andre de Ruyter has come under fire from the National Union of Mineworkers for failing to prevent power cuts in the country.