South African Airways (SAA) will provide a year?s training for up to 1,000 employees, revisions to its restructuring plan show.
South African said it had received unsolicited proposals from private sector funders, private equity investors and potential partners for a new national airline. ...
Comair, which is under bankruptcy protection, intends to halve its fleet of aircraft as part of efforts to rescue the company, said its administrators.
The South African government has agreed to fund a restructuring of SAA, if a business rescue plan for the struggling state-owned airline is adopted.
Denel said on Tuesday it could not pay salaries for May and wages for June and July were at risk, highlighting the gravity of its financial position.
Moody?s downgraded South Africa?s sovereign credit rating to ?junk? status on Friday.
South African President Cyril Ramaphosa?s state of the nation address offered only partial detail on key policy areas like the electricity sector.
Installing all the technology needed to meet stricter emissions rules coming into force in April could take Eskom two decades.
Samancor Chrome said it could cut close 2,500 jobs in response to weak chrome prices and power supply problems.
South African Airways (SAA) should be retained as a national airline but requires substantial restructuring.
The International Monetary Fund (IMF) on Monday lowered its growth forecasts for the South African economy in 2020 and 2021.
Joint venture partners Glencore and Merafe Resources could cut up to 665 jobs at their Rustenburg ferrochrome smelter in South Africa.
Tito Mboweni said that the government was still trying to find additional financing for troubled state airline South Africa Airways.
South Africa?s National Transport Movement (NTM) on Friday signed a wage deal with struggling South African Airways.
South African Airways could cut more than 900 jobs as it restructures to stem severe financial losses, it said in a statement.
South Africa's struggling state-owned airline South African Airways (SAA) could cut more than 900 jobs as it restructures to stem severe financial losses.
SA has started discussions with power producers to try to get cheaper electricity from some older renewable energy projects.
Struggling power utility Eskom said it was challenging in court the regulator?s latest tariff decision.
Sibanye-Stillwater said on Wednesday that around 5,270 jobs could be lost in a restructuring of its Marikana operation.
On Friday, Zimbabwe?s central bank raised its overnight borrowing rate to 70 percent from 50 percent after a surge in inflation.
The nine-member MPC includes central bank governor John Mangudya, two deputy governors and two more members.
The index rose to 50. 7 in December from 49. 5 in November, above the 50 mark that separates contraction from expansion.
Growth in private sector credit demand in South Africa rose to 6. 74 percent in August from 5. 41 percent in July, central bank data showed.
The International Monetary Fund cut its South African economic growth forecast for this year.