17.6.2019 01:03 pm
Members of the unions protested at all the country’s major airports to protest against what they called a ‘myriad of issues’ at SAA.
South African Airways (SAA) said that it was engaging with workers unions over their demands, but said that some of the union's grievances should be addressed by government.
A large reason for the weak JSE has been the depressed local economy, and the GDP numbers only added to the unease about the South African environment.
The damage is likely to spread beyond Tongaat, with investors applying a risk premium to stated figures on other stocks.
More than 11 million stokvel members collectively save R44 billion in 820,000 stokvels in South Africa annually.
Later on Monday, the president will be hosted by ILO director-general Guy Ryder for an official luncheon.
It also cut its forecast for the country’s 2019 economic growth to 1.0% from 1.3%.
The company said on Monday it was steaming ahead with its vision of being part of the top five railway companies in the world.
Ebrahim Patel has just returned from Japan where he attended the two-day G20 Joint Trade and Digital Economy Ministers.
A database shows that only 36.2% of municipalities with CFOs across the country are meeting minimum competency.
He says Washington has departed from the principles of free trade and equality among people of the world it previously championed.
Tongaat Hulett and retailer Choppies are just two examples of embattled companies suffering from significant revenue losses and company infighting.
It is said the average retirement fund member will, therefore, have to invest more to reach their goal of a comfortable retirement.
The sugar and property giant announced recently that it was facing ‘significant business challenges’.
Sihlobo said a case in point was wine grapes, with a harvest down by 2% from 2018, which was already down by 14% from a longterm average harvest.