Tag: loss
Millions lost at Cape Town airport due to passport control
Retail revenue worth millions of rands is lost at the Cape Town International Airport because of slow processing.
At the Standing Committee on...
Investec Bank lost R220 million due to Steinhoff
Investec Bank has said on Thursday that they have lost R220 million due to their credit exposure relating to Steinhoff.
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The company released...
Bitcoin tumbles to below $8 500 as cryptocurrency misery continues
Bitcoin tumbled below $8 500 (about R102 000) as a miserable 2018 continued for cryptocurrencies, with investors confronting a mounting list of concerns about...
25 000 job losses at Eskom’s account and counting
Power utility giant, Eskom’s proposed 19.9% electricity hike will severely cut jobs in the steel and engineering sector, says an economist for the Steel...
Platinum miner Lonmin to cut over 1,000 jobs in SA
Platinum miner Lonmin plans to cut over 1,000 jobs before Christmas, South Africa’s Solidarity union said on Monday, due to persistently low commodity prices...
Two more firms fire KPMG as corporate South Africa weighs links with auditor
A South African broker and an energy investment firm fired KPMG on Tuesday, two of a host of local firms weighing whether to ditch...
South Africa’s Implats in talks that could lead to 2,500 job cuts
South Africa’s Impala Platinum has started talks with the government and unions that could see up to 2,500 workers laid-off at its Rustenburg operations...
SA’s Pick n Pay Workers vs Technology Leads to Job Cuts
South Africa’s Pick n Pay initiated a voluntary severance package (VSP) in April to remove 10% of roles and functions in its business because...
ArcelorMittal South Africa loss deepens
ArcelorMittal South Africa reported a deeper first-half loss on Thursday but forecast growth in steel demand in Africa in the second half. Headline losses grew...
Government hard at work to avoid poultry sector job losses
Deputy President Cyril Ramaphosa says government is doing all it can to avoid job losses in the poultry industry amid concerns of poultry products...
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