Two unions on Friday rejected job cuts proposed to rescue South African Airways, which has cost the government more than R17-billion to stave off bankruptcy and will cost it about half that again to reform.
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South African Airways’ administrators proposed the government put up at least R26.7-billion to rescue the carrier after years of losses and the grounding of commercial passenger flights.
The surge in Tesla’s shares so far this month moved Elon Musk’s company even closer to displacing Toyota as the world’s most valuable car maker.
Volkswagen will narrowly meet a deadline to start deliveries of its flagship ID.3 electric car, but early buyers will have to wait months for all the features to work.
Ride-hailing giant Uber Technologies has rolled out Uber Cash in South Africa to encourage contactless payments amid the Covid-19 crisis.
Tesla’s stock jumped above $1 000/share on Wednesday after CEO Elon Musk told his staff it was time to bring the Tesla Semi commercial truck to “volume production”.
Uber Technologies said on Wednesday trip requests were gradually picking up, but still remained significantly below prior year levels, as several countries start to lift coronavirus-led restrictions.
Government has provisionally agreed to allocate at least R21-billion to the country’s embattled national airline to help repay debt and resume operations after the lifting of Covid-19 travel bans.
South Africa will permit air travel from four main airports from Monday as the nation eases lockdown measures put in place to curb the spread of the coronavirus pandemic.
Amazon.com is in talks to buy driverless vehicle startup Zoox, according to a person familiar with the matter, a deal that would accelerate the e-commerce giant’s automation efforts.