Stage 6 loadshedding; Prasa follows SAA; Ramaphosa’s tough love; Zim can't pay SAA; Prosus and Just Eat
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In today's business headlines:
Eskom intensified rolling blackouts to a record stage 6, signalling a deepening crisis at the debt-ridden utility and raising the risk of a second recession in South Africa.
The Passenger and Rail Agency has been put under administration and its interim board has been dissolved. This was announced by Transport Minister Fikile Mbalula days after South African Airways was forced into business rescue.
President Cyril Ramaphosa said in his weekly statement that placing state utilities under administration was not his preferred option for fixing them, nor would it be advisable in other circumstances.
SAA may only get 5% of the $60m owed to the airline by Zimbabwe as the country's central bank’s Monetary Policy Committee plans to “reject the majority of debts” owed to institutions.
Prosus raised its bid for UK food delivery firm Just Eat as it tries to win over investors and beat off an offer from rival Takeaway.com.
Eskom intensified rolling blackouts to a record stage 6, signalling a deepening crisis at the debt-ridden utility and raising the risk of a second recession in South Africa.
The Passenger and Rail Agency has been put under administration and its interim board has been dissolved. This was announced by Transport Minister Fikile Mbalula days after South African Airways was forced into business rescue.
President Cyril Ramaphosa said in his weekly statement that placing state utilities under administration was not his preferred option for fixing them, nor would it be advisable in other circumstances.
SAA may only get 5% of the $60m owed to the airline by Zimbabwe as the country's central bank’s Monetary Policy Committee plans to “reject the majority of debts” owed to institutions.
Prosus raised its bid for UK food delivery firm Just Eat as it tries to win over investors and beat off an offer from rival Takeaway.com.
