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SAA rescuers get extra month to make plan

28 Feb 2020 /  Antony Sguazzin, Bloomberg   3
The extension is to allow committees representing SAA employees and creditors to give feedback on a draft version of the plan.

Massmart’s 2019 annus horribilis

28 Feb 2020 /  Suren Naidoo   5
First full-year loss since listing on the JSE in 2000.

Steinhoff sales rise in Christmas quarter on strong Pepco performance

27 Feb 2020 /  Nqobile Dludla, Reuters  
Pepco Group reported a 15% jump in revenue, driven by the expansion of its PEPCO and Dealz brands.

JSE-listed IT companies’ torrid start to the decade

27 Feb 2020 /  Duncan McLeod   4
EOH is the poster child of how spectacularly bad things can get.

Massmart reports its first FY loss since listing on the JSE

UPDATE
27 Feb 2020 /  Suren Naidoo   6
Declares a R1.3bn loss, share price slides.

Distell to consider Mozambique expansion

27 Feb 2020 /  Emma Rumney, Reuters   1
The company is pursuing a plan to expand across Africa.

Motus increases its presence in China

27 Feb 2020 /  Roy Cokayne  
Group has set up a distribution centre in Shanghai, aims to invest up to R500m in acquiring stakes in Chinese automotive aftermarket parts.

Shoprite’s selling property to pay for online, store upgrades

26 Feb 2020 /  Janice Kew, Bloomberg   
The CEO is expecting 'very good returns' as a result.

Court to rule on Telkom job cuts in March

26 Feb 2020 /  Loni Prinsloo, Bloomberg   
Telkom is allegedly rushing the process to cut jobs, union says.

South Africa curtails debt guarantees for state-owned companies

26 Feb 2020 /  Amogelang Mbatha, Bloomberg   1
Approved guarantees for debt issued by state-owned companies will decrease by R3.3bn to R484.4bn.

Labour union in court bid to stop Telkom job cuts

26 Feb 2020 /  Loni Prinsloo   1
The former monopoly started the consultation process with labor unions in January.

Aveng: State’s approach to construction mafia is ‘contradictory’

26 Feb 2020 /  Roy Cokayne   15
Government moots using Prevention of Organised Crime Act; listed group claims Sanral wants to pass all the risk onto contractors.

Mango stops Lanseria flights

26 Feb 2020 /  Hilton Tarrant   10
All routes halted, in favour of OR Tambo International.

JSE profits plummet, expenditure increases

25 Feb 2020 /  Melitta Ngalonkulu   1
New recruitments and technology costs to stay competitive take their toll.

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