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Thursday | 22 October | 2020 Telkom’s IT subsidiary, BCX, contemplating 284 job cuts

Business Report writes that Telkom IT subsidiary, BCX, is contemplating the dismissal of employees as part of its new organisational structure. BCX claims that lockdown regulations implemented to curb the spread of the Covid-19 pandemic have added pressure on its margins and its ability to generate revenue.  The group served  … Read more

Thursday | 22 October | 2020 Possible Ters relief extension

BL Premium reports that discussions are underway about extending the Unemployment Insurance Fund’s (UIF’s) Covid-19 Temporary Employer/Employee Relief Scheme (Ters). The UIF last week confirmed that the government and social partners at the National Economic Development and Labour Council (Nedlac) were looking at extending the scheme after the state of  … Read more

Thursday | 15 October | 2020 ArcelorMittal SA plans to retrench up to 2 500 workers

Mail & Guardian reports that ArcelorMittal SA (Amsa) could retrench up to 2 500 employees, according to the trade unions represented at the company. In June, the steel producer announced that it would be undertaking a section 189 retrenchment process after initial cost-cutting measures were inadequate to insulate it from  … Read more

Wednesday | 07 October | 2020 SAA Technical reinstates maintenance to some customers

Engineering News reports that South African Airways Technical (SAAT) has reinstated aircraft maintenance services to some of its customers. The development follows a decision taken by SAAT to suspend maintenance services to four of its airline customers in September owing to outstanding payments on services already rendered. SAAT has since  … Read more

Wednesday | 07 October | 2020 Mkhize says expenditure on Cuban doctors actually a ‘saving’

BL Premium reports that Health Minister Zweli Mkhize defended the government’s expenditure on Cuban doctors, saying their remuneration is actually a “saving” as they are paid less than other specialists with the same skills. The government has thus far spent close to R120 million on the salaries of 187 Cuban  … Read more

Wednesday | 30 September | 2020 SAA to go under care and maintenance until funding is found

Engineering News reported that the business rescue practitioners of the struggling state-owned airline South African Airways (SAA) on Tuesday announced that the airline would be put under “care and maintenance” until funding discussions had been completed. A company’s assets can be put under care and maintenance in order to keep  … Read more

Wednesday | 30 September | 2020 SA shed 2,2 million jobs in second quarter

Moneyweb reports that SA lost 2,2 million jobs in the second quarter due to the Covid-19 lockdown which sent unemployment, in terms of its extended definition, to over 40%. The 2,2 million lost jobs meant that there were only 14,1 million employed people in the country in this quarter –  … Read more

Wednesday | 23 September | 2020 Comair’s business rescue plan has been approved

The proposed business rescue plan for private sector airline group Comair was approved by a decisive majority on Friday. Comair operates the British Airways in South Africa and Kulula low cost carrier brands. The preferred investment consortium for the group comprises several former members of the Comair board and executive  … Read more

Wednesday | 23 September | 2020 Affordability of communications critical for impact

As the Covid-19 pandemic brings South Africa’s widening digital divide into sharp focus, having the latest generation connectivity, unaffordable for many, will not make much of an economic impact without lowering the costs. South Africa has had some success with its various deployments of third-generation (3G) and fourth-generation (4G) long-term  … Read more

Wednesday | 16 September | 2020 Reopen borders, an appeal from the tourism sector

According to Engineering News the tourism sector added its weight to the call to urgently lift restrictions to save South Africa’s economy. This sector was among the first and hardest hit by the lockdown measures instituted in the State of Disaster. The second-quarter gross domestic product (GDP) contraction indicates the  … Read more

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