Thought Leadership
Business Report writes that Group Five might need to retrench more people than it had anticipated before the group went into business rescue, the business rescue practitioners have indicated in a statement. Source: Latest News
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Nine small business development officials suspended over corruption claims
ANA reports that several officials of the Department of Small Business Development have been suspended with immediate effect after there were serious allegations of corruption within the unit responsible for incentive scheme administration. Source: Latest News
Lonmin lacks liquidity needed to fund new projects to avoid shaft closures and job losses
Reuters reports that platinum producer Lonmin, which is being bought by Sibanye-Stillwater, said in a statement on Monday that it did not have sufficient liquidity to fund the new projects needed to avoid shaft closures and job losses. Source: Latest News
NUM denies that Ramaphosa said Eskom won't be able to pay salaries next month
EWN reports that the National Union of Mineworkers (NUM) has denied reports claiming that President Cyril Ramaphosa told the labour union that Eskom would not be able to pay salaries next month. Source: Latest News
Group Five subsidiary companies to continue operating as going concerns, BRPs confirm
Engineering News reports that the joint business rescue practitioners (BRPs) for Group Five and Group Five Construction on Monday confirmed that subsidiary companies of those entities would continue to operate as going concerns. Source: Latest News
No end in sight for Soweto taxi turf wars as deliberations continue and ranks stay closed
The Citizen reports that there appears to be no end in sight for the feud between Soweto taxi operators as one of the parties remains headstrong in agreeing on a proposed route plan. Source: Latest News
West Rand municipality that ploughed R77m into VBS can't pay staff March salaries
TimesLIVE reports that employees at the West Rand District municipality on the outskirts of Johannesburg have been left in the lurch after not having been paid their salaries. Source: Latest News
SARS management to meet with workers’ unions on Monday in bid to avert strike
EWN reports that management of the South African Revenue Service (SARS) was due on Monday to meet with representatives of the National Education, Health and Allied Workers’ Union (Nehawu) and the Public Servants Association of SA (PSA) in an attempt to avert a wage strike by employees. Source: Latest News
Authorities raise concerns over increase in commuter attacks in Cape Town
EWN reports that authorities have expressed concern by the increase in attacks on commuters in Cape Town. Source: Latest News
Public service early retirement packages 'will cost SA dearly' in loss of skills and experience, say unions
The Sunday Times reports that according to unions, the move to save billions of rands by the end of March 2021 by cutting the government’s bloated wage bill could cost SA dearly in loss of skilled personnel and institutional knowledge. Source: Latest News