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City Power warns of ‘load rotation’ in Joburg as winter demand spikes

by sundelbolong | May 28, 2020 | Business & Finance News

City Power has warned that it may be forced to cut electricity to certain areas of Johannesburg for six hours per day due to the proliferation of illegal connections placing strain on its infrastructure as winter demand spikes.  Load rotation takes place when the...

SA Banks not immune to collapsing, Reserve Bank warns

by sundelbolong | May 28, 2020 | Business & Finance News

South African banks may be better placed than their European counterparts to weather the Covid-19 storm, but they are not immune to collapsing, the South African Reserve Bank warned on Wednesday. Stress tests performed back in 2018 showed that local banks are...

Airline debt could rise to $550bn by year end, industry body warns

by sundelbolong | May 26, 2020 | Business & Finance News

There are still large gaps in the financial aid needed to help airlines survive the Covid-19 crisis, the International Air Transport Association said on Tuesday. IATA, the trade association for the world’s airlines, expects the airline industry’s global...

Coronavirus | SA events should avoid undercutting each other, warns CEO

by sundelbolong | May 26, 2020 | Business & Finance News

South Africa’s events industry should avoid going into a price war once the lockdown period is over, warns Glenton de Kock, CEO of the Southern African Association for the Conference Industry (SAACI). For him pricing in the “new normal” will be very...

Help all SA airlines or put economic recovery at risk, industry body warns

by sundelbolong | May 24, 2020 | Business & Finance News

African governments could be shooting themselves in the foot in terms of economic recovery if airlines are not given adequate financial support, the International Air Transport Association has warned. IATA – the trade association for the world’s airlines – is...
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