Bloomberg Shoprite Holdings Ltd’s decision to sell some properties and lease them back is to free up cash to invest in technology, growing online sales and upgrading supermarkets to offer more fresh food. These are the kinds of investments that “give us very good returns,” Chief Executive Officer Pieter Engelbrecht said in an interview after Africa’s biggest grocer reported first-half ...

Bloomberg South Africa almost doubled the level of funding for the national airline to 16.4 billion rand ($1.1 billion), cash that will go towards supporting a restructuring plan for the technically insolvent carrier. The bailout will be used to service and pay debt previously guaranteed by the state over the “medium term,” finance minister Tito Mboweni said in his budget ...

Bloomberg Airlines are turning to the world’s hardest-hitting disinfectants to rid planes of the coronavirus. Qantas Airways Ltd, Korean Air Lines Co and Singapore Airlines Ltd’s Scoot unit are among carriers that helped evacuate people from the outbreak’s epicenter, the Chinese city of Wuhan, and from a cruise ship off Japan. They’ve stepped up aircraft-cleaning efforts as a result, trying ...