SMEs suffer the brunt of load shedding, says business analyst

Jeremy Lang says the industries most affected by load shedding are manufacturing, retail, hospitality, and businesses using cold storage.

The implementation of load shedding by the state-owned power utility Eskom has been devastating to small and medium enterprises (SMEs), said Jeremy Lang, regional general manager at Business Partners Limited.

SMEs suffer the brunt of load shedding, says business analyst
SMEs suffer the brunt of load shedding, says business analyst

SMEs suffer the brunt of load shedding, says business analyst

Jeremy Lang says the industries most affected by load shedding are manufacturing, retail, hospitality, and businesses using cold storage.

Barloworld shareholders approve BEE share scheme Khula Sizwe

Barloworld shareholders approve BEE share scheme Khula Sizwe

The Foundation will have a three percent stake directly in Barloworld Limited and will focus on education, youth development and poverty alleviation.
Grand Parade Investments exits Dunkin Donuts and Baskin Robbins

Grand Parade Investments exits Dunkin Donuts and Baskin Robbins

Acting CEO Mohsin Tajbhai says the closure will free up capital and assist in funding the growth of Burger King. 
Pioneer Foods four months revenue up 7.8%, buoyed by UK price inflation

Pioneer Foods four months revenue up 7.8%, buoyed by UK price inflation

In a trading statement, the food group say consumer demand remains under pressure.
SABC introduces new economics show

SABC introduces new economics show

The show apparently seeks to include ordinary South Africans in purposeful and well-informed discussions about the economy.
Facebook taps user data to defend workers from threat

Facebook taps user data to defend workers from threat

Facebook has admitted to gathering intelligence from its platform to identify people who threaten the firm or its workers.
Mondi expects earnings for 2018 to rise 25%-29%

Mondi expects earnings for 2018 to rise 25%-29%

The group recognised special item net charges after tax of €53 million the previous year.
Discovery to spend further R270m on new bank

Discovery to spend further R270m on new bank

‘The spend on new businesses is in line with budget and is fully provided for in the group’s capital plan,’ says the group.
In America, high-speed train travel is off track

In America, high-speed train travel is off track

California’s suspension this week of a high-speed rail project underscores the up-hill battle the modern mode of transport faces in the United States — including myriad cultural, political and economic obstacles.
Ex-Coca-Cola engineer charged with stealing secrets for Chinese firm

Ex-Coca-Cola engineer charged with stealing secrets for Chinese firm

A former senior engineer at Coca-Cola was indicted Thursday in Tennessee for stealing trade secrets worth an estimated $120 million to give to a Chinese company, the Justice Department announced.
Solidarity blames fellow union Amcu for Sibanye retrenchments

Solidarity blames fellow union Amcu for Sibanye retrenchments

The 15,000 striking Amcu workers dug their own graves, according to Solidarity.
Save as many jobs as possible, Mantashe tells Sibanye

Save as many jobs as possible, Mantashe tells Sibanye

The mine may lay off over 6,000 workers after a reported loss of R1 billion over the past financial year.
Load shedding darkens ANC’s election outlook

Load shedding darkens ANC’s election outlook

Power outages across South Africa this week have blown up into the biggest political threat facing President Cyril Ramaphosa and the ruling ANC party three months away from elections, analysts say.
Sibanye to begin consultations on possible retrenchment of 6,670 workers

Sibanye to begin consultations on possible retrenchment of 6,670 workers

The chief executive said they hoped to engage constructively with stakeholders to find ways to minimise and avoid job losses.
Ongoing strike affects Dis-Chem after heavily impacting December trade

Ongoing strike affects Dis-Chem after heavily impacting December trade

The company saw the biggest market share gains on the back of its successful MicroPopz! promotional campaign.
Sibanye-Stillwater to report R1bn loss for year to December

Sibanye-Stillwater to report R1bn loss for year to December

The miner said it would report a basic loss per share of 44 cents, which is significantly less than the previous year.

Rising costs, declining prices play chicken and egg with Quantum Foods earnings

The diversified animal feeds and poultry business said margins in the egg business have decreased materially.
SAA and Nedbank break new ground with Voyager cheque card

SAA and Nedbank break new ground with Voyager cheque card

This is in response to growing consumer demand for a way to earn SAA Voyager miles without the qualifying for credit.
Woolies accused of copying two more products

Woolies accused of copying two more products

Superlatte and Happy Earth People claim their products have been copied much like the Ubuntu Baba baby carriers were.
Eskom will ‘cease to exist’ by April – department of public enterprises

Eskom will ‘cease to exist’ by April – department of public enterprises

The utility is technically insolvent and it’s likely only a bailout will be able to save it.
SA Reserve Bank on inflation drivers

SA Reserve Bank on inflation drivers

Inflation has directly impacted on the prices of consumer goods.
Firestone Diamonds says 70-carat white diamond recovered from Lesotho mine

Firestone Diamonds says 70-carat white diamond recovered from Lesotho mine

The stone was apparently found in northern, low-grade part of the pit where the bulk of the mining will soon take place.
European Investment Bank says agreed €3.3bn new financing for Africa in 2018

European Investment Bank says agreed €3.3bn new financing for Africa in 2018

‘The EIB is strengthening its cooperation with African and international partners,’ says bank president.
Moody’s says Eskom split will do little to solve financial problems – report

Moody’s says Eskom split will do little to solve financial problems – report

This comes after the announcement that the utility would be divided into three separate entities.
Eskom’s escalated rolling power cuts will hurt business confidence – Cape Chamber

Eskom’s escalated rolling power cuts will hurt business confidence – Cape Chamber

The president of the chamber says the crisis could see foreign investors ‘looking elsewhere for investment opportunities’.
SA racing legend helps Britain become mozzarella kings as Brexit looms

SA racing legend helps Britain become mozzarella kings as Brexit looms

1979 Formula One motor racing champion Jody Scheckter thinks the mozzarella he makes in southern England is better than Italy’s.

 

 

 

 

 

today in print