by sundelbolong | Jun 1, 2020 | Business & Finance News
A draft plan proposed by the business rescue practitioners of South African Airways calls for taxpayers to cough up about R4.6 billion more to save the debt-laden struggling national flag carrier. The draft proposal, which has been seen by Fin24, makes provision for a...
by sundelbolong | May 28, 2020 | Business & Finance News
South Africa is seeking investments from multilateral lenders, commercial banks and pension funds in what a senior ANC official says will be a $20.5 billion (roughly R350 billion at current exchange rates) infrastructure program. The program will focus on...
by sundelbolong | May 28, 2020 | Business & Finance News
Revenues generated by airlines in the South African market will fall by about R55 billion ($3 billion) in 2020 – 56% below 2019 levels, according to the latest estimates by global airline body the International Air Transport Association. It is estimated that the...
by sundelbolong | May 27, 2020 | Business & Finance News
Woolworths may give its Australian businesses up to R1.1 billion in funding support to survive the impact of Covid-19, after its Country Road stores were forced to close during that country’s lockdown while David Jones suffered from lower numbers of people...
by sundelbolong | May 21, 2020 | Business & Finance News
British pharmaceuticals group AstraZeneca on Thursday said it had secured more than $1 billion from the United States to help fund production of its coronavirus vaccine. AstraZeneca is partnering with University of Oxford to develop and distribute a vaccine being...
