22.1.2020 07:42 pm
SAA is currently under business rescue, with the government seemingly unable to raise the R2bn needed for a bailout.
The ANC says the government has no plans to retrench staff at ailing state-owned enterprises (SOEs) despite referring to substantial restructuring. The party held a post-lekgotla media briefing on Wednesday to outline the resolutions it had taken over the weekend.
This was revealed in the latest business risk survey conducted by leading global corporate insurance carrier Allianz Global Corporate & Specialty.
‘In Benoni, domestic workers in those big houses are getting R1,400 a month and they are working from Monday to Sunday … They are hopeless and helpless.’
Selling the aircraft is probably not a quick-fix for the airline’s financial problems.
While SAA claims in a report its fleet of A340-300 aircrafts is worth R2.153 billion, the actual market value may be closer to 335 million.
Lesetja Kganyago warned that significant economic growth is unlikely, mainly due to South Africa’s current energy constraints.
‘A very positive outlook for this year is that there is a larger gap for the private sector to play a bigger role in the economy,’ a top business leader says.
Every real-time disruption reveals some fresh challenges that cannot be anticipated in business continuity plans, management said.
Ian Moir will be replaced by Roy Bagattini, the president of clothing company Levi Strauss Americas, in mid-February.
The employees were informed that due to legislative requirements, Sanlam could not process their claims until the liquidation process had been completed.
Low growth, high unemployment and a rising cost of living hurt South Africans’ spending power, resulting in its first half-year trading loss in two decades last August.
The utility may remove a number of units for service for an extended period of time, allowing it the space to do proper maintenance
The company says a ‘store optimisation project that highlighted a number of underperforming stores’ has led to the decision.
Power cuts and generator costs will impact on the company’s commitment to keeping prices affordable, says CEO.