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Cogta fails 2019 audit miserably

Cogta fails 2019 audit miserably

2 April 2020  / Barbara Curson  
Hundreds of millions paid to wrong suppliers and ghosts.
SAA in the air to repatriate foreign nationals 

SAA in the air to repatriate foreign nationals 

2 Apr 2020 /  Tebogo Tshwane    2
Thousands of of foreigners have been stuck in SA since the government announced a national lockdown.
Nersa throws municipalities a curve ball

Nersa throws municipalities a curve ball

2 Apr 2020 /  Moneyweb   2
Comment invited on draft tariff guideline.
SA wind industry queries legality of Eskom’s force majeure

SA wind industry queries legality of Eskom’s force majeure

2 Apr 2020 /  Paul Burkhardt, Bloomberg   1
Eskom said producers will be compensated for lost revenue by having their contracts extended by the amount of time lost.
Quantum Foods warns of 38% drop in first-half profit

Quantum Foods warns of 38% drop in first-half profit

2 Apr 2020 /  Nqobile Dludla, Reuters  
As its egg business takes a hit.
Rand recovers after plunging to all-time low

Rand recovers after plunging to all-time low

2 Apr 2020 /  Olivia Kumwenda-Mtambo, Reuters   1
South Africa has imposed some of the toughest restrictions on the continent to try to contain the coronavirus outbreak.
South Africa needs ‘hundreds of thousands’ of virus tests – health minister

South Africa needs ‘hundreds of thousands’ of virus tests – health minister

2 Apr 2020 /  Alexander Winning, Reuters   2
To understand the true number of infections.
Exec salaries: Will a cut boost morale?

Exec salaries: Will a cut boost morale?

2 Apr 2020 /  Ann Crotty   5
Exec skills will be critical in coming months, but the work of millions of front-line workers will be essential – and dangerous.
Balancing act required to ensure economy doesn’t grind to a halt

Balancing act required to ensure economy doesn’t grind to a halt

2 Apr 2020 /  Tebogo Tshwane    23
And that revenue isn't severely impacted, as SA battles the twin impact of being junked and the Covid-19 pandemic.
Interest rate cut won’t turn around property market – Rode

Interest rate cut won’t turn around property market – Rode

2 Apr 2020 /  Suren Naidoo   6
Not enough to 'cancel out the deleterious effect of the recession, which has been exacerbated by Covid-19'.
Rand roiled by rising South African growth fears

Rand roiled by rising South African growth fears

1 Apr 2020 /  Mfuneko Toyana and Tanisha Heiberg, Reuters  
Among the biggest fallers were gold mining shares, with Gold Fields and AngloGold Ashanti.
Discovery, Vodacom set up online virus consultation service

Discovery, Vodacom set up online virus consultation service

1 Apr 2020 /  Emma Rumney, Reuters  
Discovery had already set up an online service for its own customers but had put it on ice due to a regulatory hold-up. Now it will be open for anyone.
Rupert donation to inspire SMEs to ‘pay it forward’

Rupert donation to inspire SMEs to ‘pay it forward’

1 Apr 2020 /  Ryk van Niekerk   3
A new initiative will create an entity to assist businesses for many years to come.
Eskom could buy less power from wind farms during lockdown

Eskom could buy less power from wind farms during lockdown

1 Apr 2020 /  Alexander Winning, Reuters  
Eskom has relatively little of its own "flexible generation" capacity, which can be ramped up or down easily.
Fitch, Moody’s downgrade SA banks to junk

Fitch, Moody’s downgrade SA banks to junk

1 Apr 2020 /  Emma Rumney, Reuters   2
It said the lenders' overall sovereign exposure, including loans to often troubled state-related entities, averaged at 176% of their capital bases.

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