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SAA, the beleaguered state-owned airline has started a restructuring process that could see its workforce cut by almost a fifth, says Bloomberg.
British billionaire Richard Branson said at the Business is an Adventure conference in Johannesburg that he would look at buying a stake in struggling national carrier South African Airways.
Most analysts following South Africa expect it to lose its final investment-grade rating, but they disagree over when that might happen.
President Cyril Ramaphosa says the government is on track to lure $100bn in new investment within five years, with more than $16bn already committed.
Shoprite reappointed Christo Wiese as chairman even after ordinary shareholders resoundingly voted against his re-election as a non-executive director.
South Africa is fighting to preserve its last remaining investment-grade credit rating after Moody’s gave it just over three months to get its finances in order.
South Africa not only won the Rugby World Cup in a convincing way on Saturday by beating England by 32-12; the Springboks also claimed the Team of the Year award in a ceremony in Tokyo last night.
Bloomberg reports that a Shoprite shareholder nominated a veteran retail executive to the board in an attempt to reduce the influence of Chairman Christo Wiese.
Tito Mboweni has his eye on dramatically cutting this wage bill and the spending perks associated with working for the South African government.
The government issued its big plan to save Eskom, but the details were a disappointment for many hoping to see faster, firmer action.