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Industrial

WATCH: Hyundai shuts down factory due to infected worker

Feb 28 2020 19:18

South Korean automaker Hyundai's shares have fallen more than 5% after the company announced it would shut down a factory where one worker tested positive for the coronavirus.

Agribusiness

Tongaat Hullett finds buyer for its starch business

Feb 28 2020 17:33

Tongaat Hullett will sell its starch business to la subsidiary of logistics company Barloworld for R5.35 billion, which will help reduce its debt.

Industrial

Denel readies to report back on audit cleanup

Feb 28 2020 16:55

Denel says it has put in place an "audit fix plan" and will be submitting its first progress report in March after implementing several accounting reforms.

ICT

Blue Label hopeful of Cell C's prospects - despite its stake sitting at R0

Feb 28 2020 16:25

Blue Label Telecoms wrote down its entire stake at Cell C in 2019. And after calling in a valuation specialist, its value remained at R0 in the first half of the group's 2020 financial year.

Industrial

WATCH: Asian airlines could lose $27.8bn on coronavirus - IATA

Feb 28 2020 19:21

Airlines in the Asia-Pacific region stand to lose $27.8bn of revenue this year as they slash flights due to declining demand as a result of the coronavirus, according to a preliminary estimate from an industry body.

Property

Aveng takes Leonardo dispute to adjudicator

Feb 27 2020 17:22

Construction firm Aveng has taken its dispute with the developers of The Leonardo - the tallest building in Africa - to the adjudicator, but says whatever the outcome, it will not return to the project.

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ICT

Labour Court to rule on Telkom job cuts in March

Feb 26 2020 19:01

South Africa’s Labour Court is expected to deliver a ruling on Telkom's plan to cut as much as 20% of its workforce on March 4, as the company seeks to reduce costs to cope with a weaker local economy.

Company Snapshot

#BUDGET2020

Cuts to the public sector wage bill took centre stage at this year's Budget
 

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