by sundelbolong | Jun 2, 2020 | Business & Finance News
Property giant Pam Golding said on Tuesday that the impact of South Africa’s technical recession, the coronavirus pandemic and the ongoing impact of a two-month freeze on the real estate industry had forced it to begin planning a restructure, which could include...
by sundelbolong | May 20, 2020 | Business & Finance News
Rolls-Royce Holdings Chief Executive Officer Warren East’s five-year bid to revive earnings has been shattered by the coronavirus as the UK engineering giant moves to scrap 9 000 jobs and considers closing sites. The jet-engine maker will cut 17% of its workforce and...
by sundelbolong | May 18, 2020 | Business & Finance News
Three unions representing more than 60% of employees at South African Airways are calling for an investigation into the work done by the troubled airline’s business rescue practitioners since they started in December last year. The National Union of Metal...
by sundelbolong | May 18, 2020 | Business & Finance News
Oil rose above $30 a barrel for the first time in two months as producers in the US and elsewhere continued to cut activity, helping to rebalance a market that was thrown into disarray by coronavirus lockdowns. Futures in New York climbed around 5% after almost...
by sundelbolong | May 15, 2020 | Business & Finance News
Eskom is seeking to have the terms of a $3.75 billion World Bank loan changed to avoid spending money to cut emissions from one of its largest power plants. The 2010 loan is being used to partly fund the construction of the 4 764 megawatt Medupi coal-fired power...
