Autopax employees told to expect only 50% of their salary
Local
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Ramaphosa signs money bills into law, SOEs to possibly receive funding
Parliament on Monday published the notice informing the national legislature of the bills that were assented to and signed by the president on 13 January.
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SAA says flights operating normally after bailout talks stall
Government officials are scrambling to work out how they can provide R2 billion ($138 million) of funds they promised when SAA entered a form of bankruptcy protection last month.
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Ramaphosa: Govt has prioritised task of building a capable state
In his latest newsletter released on Monday, outlining his plans for the new year and new decade, Ramaphosa said this was one of the most pressing challenges for South Africa.
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Public Enterprises Dept in talks with Treasury over SAA bailout
It emerged last week that government had failed to honour the payment, which was part of an agreement reached when the national airline was put under business rescue.
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No load shedding today, despite constrained power systems: Eskom
The power utility said some of its emergency generators were supplementing the available generation capacity.
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Sale of SAA aircraft ‘demonstration of rampant looting’, says Numsa
Unions have raised suspicion after the cash-strapped airline put up a tender notice on its website this week about selling nine aircraft and fifteen spare engines.
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DA rejects plans by cash-strapped SAA to sell off some aircraft
In a notice on its website, SAA says it is putting some of its aircraft up for sale to accommodate new Airbus aircraft the company has added to its fleet.
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Low risk of load shedding this weekend, says Eskom
The battling utility, which has managed to keep the lights on since last week, says its generating units have improved.
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Ndabeni-Abrahams, Telkom meeting about retrenchments 'went well'
On Wednesday, unions received section 189 notices which will affect workers in the open-serve and consumer divisions.
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Makgoba clarifies Eskom chair appointment announcement
On Thursday, he said he had received the news from his daughter in London and he has now moved to explain that he was referring to the public announcement, not the actual appointment.
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SA growth expectations declining despite repo rate drop - economist
Reserve Bank Governor Lesetja Kganyago announced on Thursday that the repo rate had been reduced by 25 basis points to 6.5%.
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Sibanye-Stillwater saves jobs at loss-making Marikana operations
In September, Sibanye said it planned to cut around 5,270 jobs or about 6% of its workforce.
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China GDP grew 6.1% in 2019, slowest in three decades
The world's second-largest economy grew by 6.1% last year, its worst performance since 1990, according to the National Bureau of Statistics.
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Ndabeni-Abrahams calls urgent meeting with Telkom over planned retrenchments
The telecoms giant made the announcement on Wednesday, citing the declining performance of fixed voice and data services.
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Kganyago attributes repo rate cut to lower inflation figure
The central bank has reduced the repo rate to 6.25%, dropping the prime lending rate to 9.75%.
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Consumers will suffer whether or not Eskom gets tariff hike - expert
Energy expert Lungile Mashele said that Eskom needed all the money it could get.
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Kganyago announces repo rate cut to 6.25%
The decision follows this week's Monetary Policy Committee meeting.
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DA: Makgoba’s appointment as Eskom interim board chair questionable
The party's Public Enterprises spokesperson, Ghaleb Cachalia, has described the appointment as regrettable and not what the struggling power utility needed to turn it around.
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Cash-strapped SAA to sell off 9 Airbus planes
SAA, which was placed in a form of bankruptcy protection late last year, is selling the Airbus A340-300s and A340-600s as well as 15 spare engines, the document said.
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Mboweni adamant Treasury gave SAA financial support
Tito Mboweni addressed business leaders in Johannesburg this morning ahead of the World Economic Forum annual meeting in Davos next week.
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Will the Reserve Bank cut the repo rate?
Economists say there were several factors that were in favour of a drop in the repo rate.
