Five Newsworthy Things in SA 3rd February 2020:

News in South Africa 3rd February: 1. Load shedding continues: South Africans will have to contend with rotational power cuts until Thursday morning, Eskom announced on Sunday evening. Eskom said that stage 2 load shedding would continue until 6am on Monday. Rolling blackouts would then resume at 9am. Unplanned outages were at 11 831MW at […]

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Five Newsworthy Things in SA 31st January 2020:

News in South Africa 31st January: 1. Eskom implements stage 2 load shedding: Eskom says stage 2 load shedding will resume at 9am and continue over the weekend until 6am on Monday. This comes after the power utility implemented power cuts from 9pm on Thursday until 6am on Friday due to a constrained power system […]

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Five Newsworthy Things in SA 30th January 2020:

News in South Africa 30th January: 1. High court hears Dudu Myeni allegations: Proceedings in a civil case aimed at having former SAA board chairperson Dudu Myeni declared a delinquent director finally got underway at the High Court in Pretoria on Wednesday, after the court dismissed attempts to appeal earlier judgments against her. The case, […]

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Five Newsworthy Things in SA 29th January 2020:

News in South Africa 29th January: 1. DBSA commits R3.5bn to rescue SAA: The Development Bank of Southern Africa has committed R3.5bn to SAA, business rescue practitioners have confirmed. In a statement issued on Tuesday afternoon, business rescue practitioners Les Matuson and Siviwe Dongwana said stakeholders can continue flying SAA now that required funding has […]

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Five Newsworthy Things in SA 28th January 2020:

News in South Africa 28th January: 1. World markets take knock from coronavirus: Yesterday was a disaster on world markets as investors worried about the economic fallout of the coronavirus. The rand weakened to R14.61/$, while the stock market lost more than 2%. 2. Net1 market value jumps 30%: Payment solutions provider, Net1 UEPS Technologies – […]

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Five Newsworthy Things in SA 27th January 2020:

News in South Africa 27th January:  1. Autopax staff only paid half: Autopax – the bus subsdiary of Prasa, which operates Translux and City to City – says government is “working on a plan” following an announcement that staff would only be paid half their salaries for January. In the meantime, it added in a […]

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Five Newsworthy Things in SA 24th January 2020:

News in South Africa 24th January: 1. Coronavirus affects global markets: Global markets struggled yesterday amid growing worries over a coronavirus outbreak in China. The rand was last at R14,38/$. Meanwhile,  the SA authorities have increased surveillance of all travellers from Asia, especially China. 2. Government struggling to keep SAA running: Government is struggling to borrow R2bn […]

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Five Newsworthy Things in SA 23rd January 2020:

News in South Africa 23rd January: 1. Government to keep SAA running: “SAA should be retained as a national airline, which will require substantial restructuring. Cabinet should take the operational decisions needed to achieve that aim,” Ace Magashule said. The cash-strapped national carrier was placed under voluntary business rescue in December. This week it cancelled […]

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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 […]

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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 […]

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