Transnet SOC Ltd., South Africa’s state-owned ports and freight-rail company, declared force majeure at the country’s key container terminals after disruptions caused by a cyber attack five days ago. The measure covers the Durban, Ngqura, Port Elizabeth and Cape Town …
JOHANNESBURG – A cyber attack has disrupted container operations at the South African port of Cape Town, an email seen by Reuters on Thursday said. Durban, the busiest shipping terminal in sub-Saharan Africa, was also affected, three sources with direct …
As calm begins to return to South Africa following days of violent riots that caused billions of rand in damage, questions are being asked about who will foot the bill. While some claims will be assessed by heavyweight insurers such …
JOHANNESBURG — After losing 53 cars during xenophobic attacks in South Africa in 2019, Johannesburg car dealership owner Okey Uchendu never thought he would see his business destroyed again by civil unrest in less than two years. Already dealing with …
JOHANNESBURG – Happy Letsitsa hasn’t paid off the money he borrowed to survive a 2019 drought that ravaged his maize and sunflower farm in the South African province of Free State. He has no drought insurance. If rains fail again, …
An ex-Deloitte LLP partner is facing disciplinary action in the Netherlands for an improper audit of Steinhoff International Holdings NV prior to the South African retailer’s near collapse more than three years ago. The Dutch Authority for the Financial Markets …
CAPE TOWN, South Africa – Fire crews had largely contained a big wildfire on the slopes of Cape Town’s Table Mountain on Tuesday as the city started to come to terms with the damage caused by what officials described as …
JOHANNESBURG – The South African government’s compensation fund to cover potential injuries from COVID-19 vaccines could cost around 250 million rand ($17.5 million) in the first year, the health minister said in response to questions in parliament. The African country …
More than 250 firefighters in Cape Town battled a massive blaze that broke out on the slopes of the city’s Table Mountain on Sunday and spread to a university campus, severely damaging at least three buildings and forcing student residences …
Most of the insurers that provided Steinhoff International Holdings NV with director-liability policies have agreed to pay as much as 78.1 million euros ($93 million) toward legal settlements resulting from a 2017 accounting crisis. The bulk of the money will …
