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Industrial

Help all SA airlines or put economic recovery at risk, industry body warns

May 24 2020 14:17

African governments could be shooting themselves in the foot in terms of economic recovery if airlines are not given adequate financial support, an industry body has warned.

Industrial

Sasol shares fall after warning of 20% drop in earnings

May 22 2020 14:39

Anticipated lower earnings top a turbulent year for the company, in which it has battled several operational crises, including the effects of Covid-19 in markets where it operates.

Industrial

SAA 'stand-off' could undermine business rescue in SA

May 21 2020 05:01

An apparent "stand-off" between the Pravin Gordhan-led Department of Public Enterprise and SAA's business rescue practitioners raises questions about the future of the business rescue process as a whole

Industrial

Rolls-Royce plans 9 000 job cuts on collapse in air travel

May 20 2020 17:30

Rolls-Royce Holdings Chief Executive Officer Warren East’s five-year bid to revive earnings has been shattered by the coronavirus as the UK engineering giant moves to scrap 9 000 jobs and considers closing sites.

Industrial

WATCH: Ethiopian Airlines CEO 'optimistic' on post-pandemic recovery

May 20 2020 16:56

Tewolde Gebremariam, chief executive of Africa's biggest carrier, says he is confident that the passenger industry will recover because "people were not meant to be locked down".

Industrial

Already limping, SOEs brace for impact of coronavirus

May 20 2020 16:53

Covid-19 has led to unplanned spending, where the budget for the department of public enterprises was already strained, members of Parliament have heard.

Industrial

Two suspects arrested for helping ex-Nissan head Carlos Ghosn flee Japan

May 20 2020 16:39

'The plot to spirit Ghosn out of Japan was one of the most brazen and well-orchestrated escape acts in recent history,' the US has said in a court filing.

Industrial

Denel joins growing list of SOEs unable to pay salaries

May 19 2020 20:14

Trade union Solidarity says it was told by Denel that there is no money to pay salaries at the end of May because the company cannot deliver orders, given the lockdown restrictions.

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Industrial

SA Express employees told their contracts are suspended without pay

May 19 2020 19:49

The contracts of employees of SA Express have been suspended, they were informed at a meeting with the airline's provisional liquidators.

Industrial

EasyJet says hackers accessed data of 9 million customers

May 19 2020 16:15

EasyJet said data of about 9 million customers, including credit card details for over 2 000 of them, had been accessed in one of the biggest data breaches to hit the airline industry.

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