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South Africa’s fading gold industry has a new champion as AngloGold Ashanti has sold its last remaining assets to Harmony Gold Mine.
Bloomberg reports that two South African trade unions have filed an urgent labour court application over planned job cuts at embattled SAA.
Eskom brought an application for urgent relief against energy regulator Nersa to set aside a decision on the extent to which it can raise power prices.
The administrators for SAA Les Matuson and Siviwe Dongwana have defended their decision to cut routes as part of a turnaround plan.
SAA, which entered a form of bankruptcy protection in December, will scale back some of its domestic and international routes from the end of February.
President Ramaphosa is “favourably disposed” to a proposal by Cosatu to use funds from the PIC to reduce Eskom’s debt, says his spokesperson.
A judge is set to have former president Jacob Zuma arrested for failing to show up in court on grounds of illness; his lawyer will have to prove he is really sick.
Sure, Elon Musk was pulling off what legacy automakers tried and failed to do but he was presiding over an inexperienced enterprise, and the old guard would catch up.
Finance minister Tito Mboweni is convinced that dagga can be used to generate billions in tax to plug a hole in government finances.
The rapid spread of the coronavirus pandemic will loom large in the minds of economists in the coming days as the number of global cases soars and the impact on commerce spreads.