Government has told administrators of South African Airways that there is a “clear cabinet commitment” to provide the state airline with R10.5-billion of funds.
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Kusa Kokutsha, whose bid for the cancelled Sanral tender for the continued management of e-tolls was R4.5-billion cheaper than the second bidder, has lodged a high court application to review the cancellation of the tender.
Elon Musk and his team are preparing to outline new steps in Tesla’s drive to become a more self-sufficient company less reliant on suppliers at its “Battery Day” event on 22 September. It’s part of a well-established pattern.
Roads agency Sanral has reissued the tender it cancelled in March for the continued management of e-tolls, despite the continuing uncertainty that exists over the future of e-tolls.
A good decade after Nokia’s mobile phone business suffered a fatal blow at the hands of the iPhone, the Finnish company is still feeding off a lucrative asset that it salvaged from the wreckage.
Tesla shed about $80-billion of its market value on Tuesday, an amount that overshadows the combined value of General Motors and Ford, after its surprise exclusion from the S&P 500 Index.
Volkswagen’s new electric car panned by Germany’s leading test publication. Auto Motor und Sport said the ID.3 fell short of the car maker’s usual standards of fit and finish, and had a limited operating range,
General Motors took a US$2-billion equity stake in Nikola and partnered with the truck maker to engineer and manufacture its Badger bakkie, sending its shares soaring in early trading.
Headrest canopies and fabric barriers between seats could start appearing in aeroplane cabins as the embattled industry tries to ward off the coronavirus.
Volkswagen-owned car maker Audi will launch its Audi Connect technology in South Africa this year with the introduction of the new A4 sedan next month.