Other state-owned enterprises such as Transnet and Eskom remain above investment grade at Baa3.
Mboweni has a mountain to climb at Davos summit
Mboweni should speak in unison with other African leaders so the continent is viewed as a market versus just SA, an economist says.
It described the government’s response to demands for greater political freedoms – and sky-high living costs – as ‘notably slow, tentative and inconclusive’.
The state-owned corporation denies trying to ‘cover up an unethical bid for control of the state’s key financial asset’ following accusations in a report.
The federation says Telkom could retrench another 1,000 workers in May, while its IT subsidiary, Business Connexion (BCX) could shed 2,000 jobs.
The union wants Finance Minister Tito Mboweni to step in and stop the proposed retrenchment of between 3,000 and 6,000 workers.
Cyber risks are now the top worry for SA firms

Cyber risks are now the top worry for SA firms

This was revealed in the latest business risk survey conducted by leading global corporate insurance carrier Allianz Global Corporate & Specialty.

Domestic workers fight for national minimum wage

‘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.’

Breaking down the worth of SAA’s old Airbuses

Selling the aircraft is probably not a quick-fix for the airline’s financial problems.

SAA to sell nine airplanes as business rescue process begins

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.

SARB unanimously votes to lower repo rate

Lesetja Kganyago warned that significant economic growth is unlikely, mainly due to South Africa’s current energy constraints.

Small businesses, private sector can prop up economy – experts

Small businesses, private sector can prop up economy – experts

‘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.

Manuel happy to move on from Moyo drama

This comes after the court ruled in Old Mutual’s favour.

OR Tambo Airport management to reevaluate power failure protocols

Every real-time disruption reveals some fresh challenges that cannot be anticipated in business continuity plans, management said.

Woolworths bids farewell to CEO Ian Moir

Ian Moir will be replaced by Roy Bagattini, the president of clothing company Levi Strauss Americas, in mid-February.

Bosasa employees fight for pension pending halted liquidation process

The employees were informed that due to legislative requirements, Sanlam could not process their claims until the liquidation process had been completed.

Massmart’s possible downsizing was expected

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.

New plan to fix Eskom might not be popular, but it’s the only way

The utility may remove a number of units for service for an extended period of time, allowing it the space to do proper maintenance

Massmart set to close 34 stores, shed 1,440 jobs

The company says a ‘store optimisation project that highlighted a number of underperforming stores’ has led to the decision.

WATCH: Hearing aid firm faces big hurdle of load shedding

WATCH: Hearing aid firm faces big hurdle of load shedding

Power cuts and generator costs will impact on the company’s commitment to keeping prices affordable, says CEO.



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