Thought Leadership
BusinessLive reports that the central energy fund announced on Friday that the price of both 93 and 95 octane petrol would drop by R1.74/l on Wednesday. Source: Latest News
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Amcu gets labour court backing for tighter Covid-19 regulations for returning mineworkers
BusinessLive reports that the Association of Mineworkers and Construction Union (Amcu) has scored a court victory to force the mining regulator and industry to tighten measures around the safety of staff returning to work from lockdown. Source: Latest News
UIF may have to sell bond investments if it can’t cope with Covid-19 Ters claims
BL Premium reports that the Unemployment Insurance Fund (UIF), which is playing a central role in the government’s bid to financially support workers and the unemployed, may have to sell some of its bond investments if it runs out of funds. Source: Latest News
Employers required to comply with stringent Covid-19 containment measures
BusinessLive reports that with millions of workers returning to work on Monday under level 4 lockdown restrictions, employers will be required to implement stringent measures to contain the spread of Covid-19 in their workplaces. Source: Latest News
Competition Tribunal approves Harmony’s acquisition of AngloGold’s Mponeng mine and other SA assets
Mining Weekly reports that the Competition Tribunal has unconditionally approved Harmony Gold’s acquisition of Mponeng gold mine, other assets and other related liabilities from AngloGold Ashanti (AGA). Source: Latest News
SA’s aviation industry ‘on verge of collapse’, with nearly half-a-million jobs at risk
BL Premium reports that SA’s aviation industry is teetering on the brink of collapse as it counts the costs of a nationwide lockdown that has grounded hundreds of aircraft, putting nearly half-a-million jobs at risk. Source: Latest News
With R2bn in sales lost and some 140,000 jobs at stake, Edcon files for business rescue
Financial Mail reports that Edcon, until recently SA’s largest clothing retailer, is filing for business rescue to allow it to continue trading. Source: Latest News
High executive turnover and governance issues played a role in Land Bank crisis
BL Premium writes that the high turnover of executives and unresolved corporate governance issues contributed significantly to the Land Bank’s crisis, according to analysts and investors of the troubled state-owned agricultural lender. Source: Latest News
Labour Minister moves to clear up confusion about Covid-19 temporary relief benefits
BusinessLive reports that Department of Employment and Labour Minister (DEL) Thulas Nxesi has moved to clear confusion about the allocation of Covid-19 relief benefits. Source: Latest News
Charges laid after Prasa fails to make contributions to Metrorail employees’ pension fund
BusinessLive reports that dire financial challenges at the Passenger Rail Agency of SA (Prasa) have resulted in the state-owned enterprise (SOE) failing to make payments to its employees’ retirement fund in the past two months. Source: Latest News