Five Newsworthy Things in SA 22nd January 2020:

News in South Africa 22nd January: 1. SAA cancels flights: South African Airways confirmed on Tuesday that it was in the process of cancelling and consolidating selected local and international flights, in part to save cash.  It has vowed to re-accommodate local and international fliers. In a statement the debt-laden national carrier said the decision […]

Read more
Five Newsworthy Things in SA 21st January 2020:

News in South Africa 21st January: 1. IMF cuts SA growth forecast: Structural constraints and deteriorating public finances are impacting SA’s growth prospects negatively, with the International Monetary Fund revising down growth projections for the country. The IMF on Monday published its world economic outlook for 2020. South Africa’s growth has been revised down by […]

Read more
Five Newsworthy Things in SA 20th January 2020:

News in South Africa 20th January: 1. Treasury working to keep SAA in business: Despite not yet being able to contribute R2bn as part of its commitment to the business rescue process of SAA, the department of public enterprises says it is working with National Treasury to raise funds to keep SAA in the skies. […]

Read more
Five Newsworthy Things in SA 17th January 2020:

News in South Africa 17th January: 1. SAA could cease operations: SAA could suspend flights as early as tomorrow: The airline has not received R2bn as promised from government, which it needs by Saturday to keep operating. Government will also have to take an immediate decision on the company’s future on Saturday, including the form […]

Read more
Five Newsworthy Things in SA 16th January 2020:

News in South Africa 16th January: 1. Telkom plans mass retrenchment: Telkom has issued a notice to cut as many as 3 000 jobs – nearly a third of its workforce – across multiple departments, as the company looks to streamline its operations amid falling earnings and changing market conditions. Trade union Solidarity, which is […]

Read more
Five Newsworthy Things in SA 15th January 2020:

News in South Africa 15th January 2020: 1. Old Mutual wins appeal: Old Mutual has won its appeal against an earlier court order which found that it had to reinstate its former CEO Peter Moyo. The ruling was handed down by the Johannesburg High court on Tuesday morning. Moyo was suspended by the financial serves […]

Read more
Five Newsworthy Things in SA 14th January 2020:

News in South Africa 14th January: 1. Dion Wired stores might close: 50 years after its creation (and 12 years after its most recent near-death experience) the Dion name could be disappearing from South Africa’s retail landscape – killed off by the American behemoth it once helped to inspire. On Monday retail group Massmart announced it […]

Read more
Five Newsworthy Things in SA 8th January 2020:

News in South Africa 8th January 2020:   1. Load shedding implemented for matrics: Five hours of load-shedding ended at 06:00 this morning. The utility said the load shedding was scheduled to allow matric pupils the opportunity to access their results. Eskom announced via social networking website Twitter on Tuesday evening that it would implement […]

Read more
Five Newsworthy Things in SA 6th January 2020:

Financial News in South Africa 6th January 2020: 1. Eskom ends loadshedding: After earlier saying that stage 2 load shedding would continue until 5am on Monday morning, Eskom now says it does not expect to have to institute rotational power cuts on Monday. Power cuts will end at 11pm on Sunday and not continue overnight. […]

Read more
Facebook
Twitter
LinkedIn