SAA cuts defended; Cosatu wants prescribed assets; SA high corona risk; Arms sales re-ignited; Stage 1 loadshedding
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In today's business headlines:
- The administrators for SAA have defended their decision to cut routes as part of a turnaround plan after objections from President Cyril Ramaphosa, the government and labour unions saying they intend to make the airline commercially and operationally sustainable;
- Cosatu has recommended that at least 10% of all pension funds, whether private or government owned be invested in government bonds geared towards social investment and employment creation;
- Health officials in Africa are bracing themselves for the worst of the coronavirus and South Africa is according to Bloomberg one of the countries especially at risk according to the World Health Organisation while an airline doctor says "forget masks, wash your hands."
- The South African Government is seeking to unlock stalled arms sales to Saudi Arabia and the United Arab Emirates by amending a clause in an export document that requires the inspection of the countries facilities to make sure weapons aren’t transferred to third parties;
- Loadshedding will be reduced to Stage 1 this week with Eskom stating that there will be blackouts the whole week.
- The administrators for SAA have defended their decision to cut routes as part of a turnaround plan after objections from President Cyril Ramaphosa, the government and labour unions saying they intend to make the airline commercially and operationally sustainable;
- Cosatu has recommended that at least 10% of all pension funds, whether private or government owned be invested in government bonds geared towards social investment and employment creation;
- Health officials in Africa are bracing themselves for the worst of the coronavirus and South Africa is according to Bloomberg one of the countries especially at risk according to the World Health Organisation while an airline doctor says "forget masks, wash your hands."
- The South African Government is seeking to unlock stalled arms sales to Saudi Arabia and the United Arab Emirates by amending a clause in an export document that requires the inspection of the countries facilities to make sure weapons aren’t transferred to third parties;
- Loadshedding will be reduced to Stage 1 this week with Eskom stating that there will be blackouts the whole week.
