IMF laments 'lacklustre growth'; SAA cuts flights; Eskom’s big reveal (in the dark); Rand, MTN
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In today's business headlines:
- The International Monetary Fund has urged the South African government to speed up reforms to revive the economy and says the country's "lacklustre growth" is due to weakness in public enterprises;
- The Rand was on the backfoot yesterday dropping to the lowest level this year;
- Embattled South African Airways will cancel local and international flights in the coming period to cut cost and conserve cash;
- Eskom CEO André de Ruyter is revealing his 'state of the system' today as amid another round of load shedding 2 that could continue into the weekend; and
- MTN has mended its rift with the Nigerian Government and has pledge $1.6bn to expand its operations in the country. The company also relaunched its mobile money service in South Africa.
- The International Monetary Fund has urged the South African government to speed up reforms to revive the economy and says the country's "lacklustre growth" is due to weakness in public enterprises;
- The Rand was on the backfoot yesterday dropping to the lowest level this year;
- Embattled South African Airways will cancel local and international flights in the coming period to cut cost and conserve cash;
- Eskom CEO André de Ruyter is revealing his 'state of the system' today as amid another round of load shedding 2 that could continue into the weekend; and
- MTN has mended its rift with the Nigerian Government and has pledge $1.6bn to expand its operations in the country. The company also relaunched its mobile money service in South Africa.
