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Feb 13 2012 12:15
Miner Xstrata says it has brought forward maintenance on two furnaces to assist Eskom to save power.
Feb 13 2012 10:43
Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.
Feb 13 2012 07:58
Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.
Johannesburg - 1time Holdings (1TM) on Wednesday
said 1time Airline had achieved improved operating margins for the six
months ended June 30, compared with the previous year based on lower fuel
prices and higher revenues.
"Passenger volumes and yields have shown good growth despite the
generally tough trading environment," the group said.
1time Airline said it had successfully launched its first self-service
check-in counters at OR Tambo International Airport, to be rolled out at
other major national airports over the next few weeks.
1time Airline added that it had entered into a zero cost collar to hedge
approximately 30% of its fuel requirements for the three months August 2009
to October 2009 at current oil levels and a fixed rand/dollar rate.
1time Holdings also reported that its wholly owned subsidiary Aeronexus
Technical had been successfully merged with Safair Technical, in which 1time
has a 72% interest, with effect from April 1.
Grant Wishart has been appointed as non-executive director to the board
of directors at 1time Holdings with effect from today.
"The board of 1time would like to welcome him to the board and is
looking forward to a long and valued working relationship," the group said.
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