Thought Leadership
BL Premium reports that the Minerals Council SA (MCSA) warned on Wednesday that SA’s debt-laden mines with high fixed costs stood to lose between 10,000 and 45,000 jobs in the national lockdown if they received no support. Source: Latest News
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Study predicts 55,000 SMME businesses employing over 42,000 will be lost due to pandemic
Business Report writes that according to a study released on Wednesday, about 55,000 small, medium and micro enterprises (SMMEs) will not survive the Covid-19 pandemic, resulting in more than 42,000 jobs being decimated. Source: Latest News
Cabinet kicks Covid-19 can down the road, with no decisions taken at Wednesday on economic crisis
BusinessLive reports that a crucial cabinet meeting on Wednesday to plan SA’s response to Covid-19 and the resulting economic crisis ended inconclusively with no decisions taken and all proposals put off. Source: Latest News
State faces wrath of public servants over non-payment of salary increases
BL Premium reports that in the midst of dealing with the economic fallout of its battle to curb the spread of Covid-19, the government faces the wrath of 1.3-million public servants after it failed to honour a three-year wage agreement. Source: Latest News
Coke's biggest manufacturing plant in Gauteng shuts down after employee tests positive for Covid-19
The Star reports that Coca Cola has been forced to shut down one of its biggest manufacturing plants in Gauteng after an employee tested positive for Covid19. Source: Latest News
Another massive fuel price drop expected
The Citizen reports that coming in the wake of March’s record fuel price reductions, South Africa is probably set for a second month of record fuel price drops for some fuel types. Source: Latest News
Harmony Gold and NUM agree on 2 May as return date following lifting of lockdown
Mining Weekly reports that the National Union of Mineworkers (NUM) and Harmony Gold have agreed upon 2 May as the return-to-work date following the lifting of SA’s Covid-19 lockdown. Source: Latest News
AngloGold Ashanti restarts surface operations on limited basis
Mining Weekly reports that the surface operations of AngloGold Ashanti (AGA) have restarted on a limited basis following the granting of recommencement permission by the Department of Mineral Resources and Energy. Source: Latest News
Tiger Brands closes Albany bakery in Durban after workers test positive for Covid-19
SowetanLive reports that Tiger Brands has temporarily closed its Durban bakery after staffers tested positive for Covid-19. Source: Latest News
Investigation clears Eskom COO of corruption allegations
BusinessLive reports that an investigation has cleared Eskom’s COO Jan Oberholzer of allegations of corruption, dishonesty and abuse of power, the state-owned power utility said on Wednesday. Source: Latest News