Eskom suspends load shedding in the Eastern and Western Cape coastal areas as mopping up operations begin, SA's cumbersome skills visa system courts another casualty, and interest rates look to stay higher for longer.
Marketing · Business News
Unlike previous Novembers this was not a good month for the rand - with load-shedding and Transnet - the toxic combination has taken its toll, and most companies who took part in a 6 month 4 day work week trial have decided to keep the new schedule.
Prosus reports significant results, SA-born Elon Musk's Starlink satellite company does not have a license to operate in the country, and Busa President Adrian Gore has warned that the pace of delivery across the joint initiatives being taken with government on electricity, logistics, and crime is “plateauing.”
VW is NOT leaving South Africa - so says CEO Martina Biene, but ,there are deep-seated concerns, 100,000 ships are now stuck outside three SA ports, and ArcelorMittal SA is to close its long steel ops, cutting 3,500 jobs.
The SABC has announced the appointment of a new Group Chief Executive Officer, Nomsa Chabeli, and Naamsa's CEO Mikel Mabasa is concerned that the government is refusing to consider consumer incentives to make electric vehicles more affordable for South Africans.
Passenger Car CEO for Volkswagen, Thomas Schäfer, is worried about the firm's future operations in South Africa, the Nelson Mandela Bay Business Chamber wants Transnet's new booking system to be suspended until the country-wide logistics challenges are resolved, and Anglo American Plc is considering cutting jobs at two of its…