The largest cryptocurrency’s recent upward momentum carried it past that psychologically significant level on Sunday for the first time since October.
Author: Agency Staff
Administrators for South Africa’s loss-making state airline have defended their decision to cut routes as part of a turnaround plan, after objections from President Cyril Ramaphosa, government and labour unions.
Cosatu, the country’s biggest labour federation, said it wants the R104-billion Eskom’s debt held by the state pension fund manager to be converted into equity owned by workers.
Jeff Bezos is on a selling spree. Stock disposals by Amazon.com’s founder and CEO over the past week have reached 1.7 million shares, or $3.45-billion.
Setting aside the global health implications, Apple and its suppliers may have got lucky with the timing of the coronavirus outbreak.
Uber Technologies said it will deliver a first-ever quarterly profit by the end of the year, signalling that cost-cutting measures are exceeding even the company’s own recent expectations.
Vodafone Group will hand over management of its Ghana unit to the UK carrier’s separately listed South African division in April, the latest step to bring the company’s operations on the continent under one roof.
South African Airways cut flights to nine international cities and all domestic services except Johannesburg to Cape Town as the embattled state-owned carrier scales back to stay in business.
Proposals to reorganise the R454-billion owed by Eskom are days away from completion, according to an official who’s overseen their formulation.
South African shares may have become too cheap for investors to ignore and Old Mutual Investment Group is among money managers seeing an increasing number of attractively valued shares.