Consumer confidence slumped to its worst levels in 35 years, during the second quarter of 2020 as households grappled with the economic fallout of the phased lockdown restrictions, imposed to slow the spread of the coronavirus. The FNB/BER consumer confidence index (CCI) plummeted to -33, a low not seen sinceRead More →
Listed airline company, Comair, today announced the group will enter business rescue to safeguard the interests of the company and its stakeholders after the Covid-19 crisis disrupted the implementation of a turnaround plan. Comair CEO, Wrenelle Stander, said the company, which reported a half-year loss of R564 million for H1Read More →
We’ve all joked about how it’s impossible to kill off South African Airways, the Alitalia of the southern hemisphere. But it seems not even SAA can weather the 2020 aviation crisis. The airline had suspended all international and domestic flying in late March, and the South African Government has discontinued financial support,Read More →
South Africa has not approached the International Monetary Fund (IMF) for assistance in dealing with the economic fallout of the Covid-19 crisis. This is according to Abebe Aemro Selassie, director of the African Department at the IMF. “There are no discussions on financing with [the] South African government,” he saidRead More →
Q&A with Eskom CEO Andre de Ruyter who gives his thoughts on the end-state of the electricity supply industry, and where things are going with the restructuring, divisionalisation and unbundling of Eskom. It is now 14 months since the finance minister announced that a chief restructuring officer (CRO) would be appointed toRead More →
