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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

Thursday | 23 April | 2020 Implats ready for ‘safe, orderly’ restart

Engineering News – Platinum mining company Implats said on Friday that it was ready for a “safe and orderly” start-up once it is given the go-ahead to resume full-scale production at its operations, where Covid-19 preventative safety and health measures had been significantly strengthened. Internal planning to secure operational resilience  … Read more

Thursday | 16 April | 2020 Energy: Calls for more local content in energy supply chain

Engineering News – Wind tower producer GRI Towers South Africa has called on government to insist on more local content in the energy supply chain to ensure energy security for South Africa in line with anticipations of a changed global economic reality post Covid-19. According to GRI, government has achieved  … Read more

Thursday | 09 April | 2020 More than 2 300 employees chose to voluntarily leave Telkom

BL Premium reports that according to Communications Minister Stella Ndabeni-Abrahams, Telkom has cut more than three-quarters of the jobs it intended to reduce, thus getting a step closer to saving an estimated R10 billion in wage costs. The partly government-owned company is in the process of cutting 3 000 jobs  … Read more

Thursday | 09 April | 2020 Permanent damage if mines stay closed after 17 April

Minerals Council warns mines have to return to work on 17 April ‘or face permanent damage’ BL Premium reports that SA’s mining sector must return to work at the end of the 21-day lockdown or face permanent damage after having already estimated to lose a fifth of April’s production and  … Read more

Thursday | 02 April | 2020 Post-virus: Mining could act as stabiliser

The mining industry could be an enormous asset in stabilising and growing the economy post the corona crisis – but the right economic and regulatory circumstances would have to prevail, Minerals Council South Africa stated in a weekend media release, Mining Weekly reported. Minerals Council South Africa was reacting to  … Read more

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