Tag: loss
Coronavirus outbreak could destroy up to 25 million jobs
The coronavirus pandemic could trigger a global economic crisis destroying up to 25 million jobs around the world if governments do not act fast...
Aston Martin’s finance boss to leave as losses deepen
Aston Martin’s chief finance officer will leave the company following a tumultuous 2019 in which the luxury carmaker’s losses ballooned after sales dropped and...
Cape Town dam levels: Facilities lose water, slip under major milestone
There are two distinct phases of reporting when it comes to the Cape Town dam levels: The joy of seeing them rise in winter,...
South African Airways embarks on a restructuring process which may lead to job losses
South African Airways has informed all its 5146 employees that it is embarking on a restructuring process which may lead to job losses.
Acting Chief...
Uber sets terms for IPO, posts $1bn first-quarter loss
Ride-hailing company Uber Technologies Inc is aiming for a valuation of up to $91.5 billion in its initial public offering, potentially the largest US...
Sleep deprivation costs SA economy billions
Terrible traffic and working too hard. Those are among the reasons South Africans say are killing their sleep patterns.
And it’s not only leading to...
Deregulating fuel price could lead to massive job losses, Parliament told
Energy Minister Jeff Radebe and his top officials were in Parliament to explain what the government is doing to mitigate the effects of the...
Steinhoff lost R80 million on the sale of its brand new company jet –...
Steinhoff on Friday afternoon released its interim results for the six months to end-March 2018.
It suffered an operating loss of €152 million (R2.4 billion)...
Eskom – a dinosaur monopoly nearing extinction
Looking at the financials, Eskom is in serious trouble. It is in a death spiral with rising tariffs, leading to further drops in demand...
Rolls-Royce expected to slash 4,000 jobs as cost cuts widen
Rolls-Royce is expected to cut thousands of jobs this week as chief executive Warren East details how the engineering giant’s latest restructuring will work.
...
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