A new set of regulations gazetted by the SA government on Thursday shows that movie theatres might be opening again across the country sometime soon. Cinemas are currently closed, not allowed to operate during Level 3 of the national lockdown. For it now it seems that the new government regulations have included theatres and cinemas in an arrangement that allows competitors to negotiate amongst each other, and with their landlords in order to lower rent and allow for rent holidays. In normal times, these negotiations are restricted by South Africa’s competition laws. /* custom css */ .tdi_3_eae.td-a-rec-img{ text-align: left; }.tdi_3_eae.td-a-rec-img img{ margin: 0 auto 0 0; } “The Department (of trade and industry) has received representation from stakeholders in the cinema exhibition ind...
Sourced from Business News Daily At the beginning of March, few anticipated the significant impact the COVID-19 pandemic would have on the lives of all South Africans. As the gradual easing of the strict lockdown conditions continues, thoughts turn to how companies will begin their recovery. Ian McAlister, GM of CRS Technologies, looks at what to expect. From Friday 1 May, South Africa transitioned to Level 4 lockdown conditions which will result in several more industries resuming operations, albeit in a limited capacity. And while all the details around operational issues are still to be confirmed, expectations are that at least 1.5 million South Africans will be returning to work. In part, this is designed to get the economy back up and running following several weeks of virtual non-act...