Iconic Fairmont Zimbali hotel now in business rescue

Manager blames the Covid-19 pandemic and strict national lockdown for disruption of main visitor market

WATCH: Will the taxi industry be subsidised?

Transport department acting deputy director-general Johannes Makgatho talks to Business Day TV

Virgin Atlantic targets 1,150 more jobs in bid to save rescue funding

The cuts take the number of posts lost since the start of the Covid-19 crisis to 4,700, or about 45% of the workforce

SoftBank partners with India’s Oyo in move for more oversight

Joint venture will manage more than 1,000 hotels in Brazil and Mexico

Inventive airlines sell everything but the galley sink to make money

Airlines are looking for new revenue streams as they burn through cash while fleets are largely grounded and people stay at home

City Lodge warns hotels recovery may be slow

Covid-19 had temporarily closed almost all of the group’s 62 hotels, but the company has seen improved occupancy since July

Comair eyes taking off again in December

Struggling airline plans to cut jobs and delist from the JSE as part of proposed business rescue plan

Sun International remains upbeat despite interim loss

CEO says group is focused on survival and positioned well to deal with challenges

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Sun International expects post-Covid-19 lockdown recovery to be slow

The casino and hotels group has been battered by Covid-19, but is optimistic it can navigate through the pandemic

Grindrod Shipping’s loss narrows

Covid-19 had hit its costs, including reduced cargo flows for some customers, although administrative expenses decreased

Santam pays out over R800m in relief to tourism firms

In July, the insurer pledged R1bn in relief to policyholders that have the contingent business interruption extension on their policies

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Minority of lockdown-hit tourism businesses qualify for insurance relief, lobby group says

Of the about 700 members Insurance Claims Africa represents, only about 210 will receive payouts

Imperial keeps its focus on Africa as Covid-19 hits volumes

The group secured R6bn in new business in its year to end-June, with losses towards the end of the year due to a much weaker exchange rate

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Ryanair agrees pay cuts and shift changes to prevent job losses

The low-cost airline will now cut far fewer jobs than the 3,000 estimated, as 97% of pilots and more than 90% of cabin crew agree to changes

Sun International to sell Sun Dreams stake to partner for R2.7bn

The parties had been in a dispute over the sale of a some 15% stake in the group's Latin American business, Sun Dreams

WATCH: Can Tsogo Sun Hotels recover after lockdown?

Tsogo Sun Hotels CEO Marcel von Aulock talks to Business Day TV about the group’s expected recovery

Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.