Suren Naidoo, Moneyweb News

Suren Naidoo

Moneyweb News

Johannesburg, GP, South Africa

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Recent articles by Suren:

Reserve Bank holds repo rate at 3.5% – draft copy

Pauses cutting cycle with SA's economy opening up further to alert Level 1 soon. → Read More

SA’s first Hilton Garden Inn to open at Umhlanga Arch

Durban developer goes ahead with launch, despite Covid-19. → Read More

Acsa hails new United Airlines Joburg-New York route

Positive sign for post-pandemic recovery as financial hubs boost connectivity. → Read More

Edgars store closed at V&A Waterfront

Centre takes back space, declining Edcon business rescue offer to stay. → Read More

Ecsponent extends internal forensic investigations to over R220m

Announces second probe within eight days – both linked to its controversial MyBucks investment. → Read More

Taiwanese group opens R170m fuel cell factory in SA

Bringing technology that protects cellular networks against power outages to a country grappling with load shedding. → Read More

Mitch Slape makes R8.18m investment in Massmart

Move seen as a vote of confidence by the group’s most senior exec. → Read More

Massmart doesn’t plan to close Game stores or sell Masscash

Group maintains its turnaround is still on track even in the face of Covid-19. → Read More

Madonsela and WHO boss slam Covid-19 corruption in SA

Scandal thrown into the international spotlight, as World Health Organisation director-general calls it 'murder'. → Read More

Virgin Active ‘disappointed’ by 50-person limit but plans Monday reopening

Planet Fitness, its biggest local competitor, started opening gyms this week. → Read More

Level 2 rules allow restaurants to sell alcohol on weekends

There are a few surprises in the Covid-19 alert Level 2 rules that were gazetted by Cooperative Governance and Traditional Affairs (Cogta) Minister, Nkosazana Dlamini-Zuma, on Monday. In a big win for the hospitality industry, restaurants, bars and taverns will be allowed to also sell alcohol on weekends, but for on-site consumption only, until the curfew time of 22:00. However, bottle stores… → Read More

Move to alert Level 2 ‘is not a free for all’ – Ramaphosa

Relaxation comes with the risk of a resurgence in Covid-19 infections. → Read More

SA ‘has not experienced a winter cold and flu season’ – Clicks

But, group delivers strong overall trading since the Covid-19 lockdown. → Read More

SA tourism industry’s decade of dashed hopes

If President Cyril Ramaphosa really believes tourism is an apex sector for job creation, he needs to take the industry more seriously. → Read More

New Toyota hybrid part of R2.5bn Durban investment

Plans ‘still on track’ despite Covid-19. → Read More

Insurers make concessions in business interruption cover battle

Santam commits R1bn in interim relief, in line with a similar move by Hollard. → Read More

Sarb cuts the repo rate cut

Rate has now been cut by 300 basis points in 2020 to mitigate economic impact of Covid-19 pandemic. → Read More

Radisson plans new hotels near OR Tambo and King Shaka airports

Despite the uncertainty around Covid-19 and its impact on the hospitality sector. → Read More

Covid-19 to push SA savings to record low

Stanlib Savings Report says country’s poor savings rate shows 'how unprepared South Africans are for unforeseen financial shocks'. → Read More

Domestic leisure travel ban raises ire of tourism industry

Ongoing Covid-19 restrictions mean that even overnight trips within a province are not allowed. → Read More