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Sea Harvest reported a 4 percent slump in profits for the six months to the end of June as Covid-19 supply chain constraints hit its operations.
3. Sanlam launches The Memory Collection for Covid-19 deaths
To help South Africans to celebrate loved ones’ lives during the Covid-19 lockdown, life assurance and financial services group Sanlam has launched The Memory Collection – an online platform to memorialise individuals in an innovative and lasting way.
4. AdvTech shows double-digit growth in revenue
AdvTech gained more than 10 percent on the JSE yesterday after the private education provider reported double-digit growth in revenue for the six months to end June boosted by its investments in schools in the rest of Africa region.
5. Sun International closes two SA hotels
Hotels and leisure group Sun International yesterday announced the closure of its Naledi and Carousel hotels, charging that the Covid-19 pandemic had forced it to review its operations to save costs.
6. RCL Foods points to recovery after annual loss
South Africa’s RCL Foods reported an annual loss on Monday reflecting the impact of Covid-19 and a R1.5 billion impairment on its assets, but pleased investors by announcing a dividend and indicating signs of recovery.
7. KFC to offer financial support to young SA entrepreneurs worth R500 000
KFC has launched a campaign that will assist young South African Hack-A-Preneurs who have kept their eye on the prize during this pandemic by turning their hustle into real opportunity.
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