Eskom will be slow to fix - CEO warns; SAA salaries; coronavirus in Africa
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In today's business news headliens:
* De Ruyter may take longer to consider the potential effects of the unbundling, including tax implications and the company’s relationship with financiers, the Johannesburg-based Rapport newspaper cited him as saying.
* The deadly coronavirus has arrived in Africa and is spreading fast in China and elsewhere. The new virus that originated in China threatens to depress retail sales in the world's second-largest economy and tourism in Asia.
* South African Airways has saved enough cash to pay January salaries, specialists appointed to try to turn around the struggling airline said on Friday.
* Billionaire Patrice Motsepe told President Donald Trump in Davos that Africa loves the US president. Not everybody in his home country shares that sentiment, reports Bloomberg.
* The International Monetary Fund estimates that growth in developing countries fell to 3.7% last year, the slowest pace since 2009 and well below the IMF’s July 2019 forecast of 4.1%, says Bloomberg.
* De Ruyter may take longer to consider the potential effects of the unbundling, including tax implications and the company’s relationship with financiers, the Johannesburg-based Rapport newspaper cited him as saying.
* The deadly coronavirus has arrived in Africa and is spreading fast in China and elsewhere. The new virus that originated in China threatens to depress retail sales in the world's second-largest economy and tourism in Asia.
* South African Airways has saved enough cash to pay January salaries, specialists appointed to try to turn around the struggling airline said on Friday.
* Billionaire Patrice Motsepe told President Donald Trump in Davos that Africa loves the US president. Not everybody in his home country shares that sentiment, reports Bloomberg.
* The International Monetary Fund estimates that growth in developing countries fell to 3.7% last year, the slowest pace since 2009 and well below the IMF’s July 2019 forecast of 4.1%, says Bloomberg.
