Eskom pushing SA over cliff edge; Jozi crime; Tesla tipped to shine, Boeing not; Home Delivery food fight
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In today’s business headlines:
• Growing problems at South Africa’s state-owned enterprises are pushing major companies towards bankruptcy and subjecting the country to rolling blackouts that are choking growth, according to the Wall Street Journal;
• Shootings in Johannesburg left two people dead and 16 injured, marring the city’s New Year celebrations and highlighting a crime problem that’s one of the government’s biggest challenges;
• The Johannesburg Stock Exchange started the year on a strong footing with the All Share Index rising 1.11% and the Top 40 shares moved up by 1.22% but the Rand weakened;
• Tesla shares are tipped to shine this year, but there is doubt about Boeing’s numbers; and
• The competition for a piece of the South African food delivery pie is heating up with Uber Eats trying to get a share of the market by going local.
• Growing problems at South Africa’s state-owned enterprises are pushing major companies towards bankruptcy and subjecting the country to rolling blackouts that are choking growth, according to the Wall Street Journal;
• Shootings in Johannesburg left two people dead and 16 injured, marring the city’s New Year celebrations and highlighting a crime problem that’s one of the government’s biggest challenges;
• The Johannesburg Stock Exchange started the year on a strong footing with the All Share Index rising 1.11% and the Top 40 shares moved up by 1.22% but the Rand weakened;
• Tesla shares are tipped to shine this year, but there is doubt about Boeing’s numbers; and
• The competition for a piece of the South African food delivery pie is heating up with Uber Eats trying to get a share of the market by going local.
