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Thursday | 28 May | 2020 AngloGold temporarily shuts Mponeng mine due to Covid-19

BusinessLive reports that AngloGold Ashanti (AGA) temporarily shut the world’s deepest gold mine after 164 employees tested positive for the coronavirus. Mines that had been shut since 27 March were allowed to reopen with half their normal staff from the start of May. AGA detected its first positive case at  … Read more

Thursday | 28 May | 2020 Airline group Comair announces options for ticket holders

South African private sector airline group Comair, which is currently under business rescue, and its business rescue practitioners (BRPs), announced on May 22 the options open to those holding tickets for flights with the group. Comair operates the British Airways in South Africa and Kulula low cost carrier brands. The  … Read more

Thursday | 21 May | 2020 Truce reached over SAA rescue plans

BL Premium reports that the government and the business rescue practitioners (BRPs) of SA Airways (SAA) have reached a formal agreement to discuss proposals that include the establishment of a new airline as mooted by public enterprises minister Pravin Gordhan. They agreed there should be “optimal saving of jobs” in  … Read more

Thursday | 21 May | 2020 Implats’ Marula operation put on ice due to Covid-19 cases

Miningmx reports that Impala Platinum (Implats) has confirmed 19 positive cases of Covid-19 at and around its Marula mine in Limpopo. As a result, the company said it would not recall employees due to report to Marula this week in terms of the rotational shift cycles it operated at the  … Read more

Thursday | 14 May | 2020 SAA BRPs to appeal judgment stopping retrenchments

BL Premium reports that the business rescue practitioners (BRPs) of South African Airways (SAA) are to appeal Friday’s judgment in which the Labour Court set aside retrenchment notices issued to employees on the grounds that these were procedurally unfair. Judge André van Niekerk ruled in favour of the National Union  … Read more

Wednesday | 13 May | 2020 Denel can’t pay April pensions, taxes or UIF contributions

BL Premium reports that state-owned arms manufacturer Denel has told its staff that due to cash-flow problems it cannot pay their April pensions, taxes and unemployment insurance fund (UIF) contributions. In a letter to staff, Denel CEO Danie du Toit said the parastatal could run into a cash crunch in  … Read more

Wednesday | 06 May | 2020 Jobs axe hangs over half of SA’s workforce

Sunday Times writes that a jobs bloodbath is set to see the unemployment rate soar, with millions of jobs on the line as SA sinks into probable economic depression.  The Covid-19 pandemic has seen two ratings downgrades and disruption of the fiscus, with GDP expected to contract 10%. The result,  … Read more

Wednesday | 06 May | 2020 Fuel prices dropped substantially

The Central Energy Fund announced that the price of both 93- and 95-octane petrol would drop by R1,74/l. This price drop came into effect on Wednesday. Diesel with a 0,05% sulphur content came down by R1,61/l and the higher grade by R1,56/l.  The wholesale price of illuminating paraffin dropped by  … Read more

Thursday | 30 April | 2020 Government says SAA liquidation put on hold

BusinessLive reports that government said on Saturday that SA Airways’ (SAA’s) business rescue practitioners (BRPs) have agreed not to consider liquidating the ailing state-owned airline and also to suspend consultations about a structured wind down proposal that would include culling the entire workforce. The Department of Public Enterprises (DPE) said  … Read more

Thursday | 23 April | 2020 Mine shutdowns hang over market even as some look to restart

Engineering News  A number of miners, including some giants of the industry, have been forced to halt or curtail production and processing as governments worldwide implement measures to stem the spread of the coronavirus. Unprecedented disruptions to operations and supply chains have thrown the outlook for industrial and precious metals  … Read more

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