SAA: Unions fight for jobs, bankers back away; Eskom blamed for unemployment; Zim hunger; coronavirus
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In today's business news headlines:
* South African Airways continues to teeter on the brink of collapse as unions fight to preserve jobs and bankers warn that no funding will be available until the government delivers a clear plan;
* Eskom woes are filtering into economic data, with analysts linking widespread power cuts in December to the loss of hundreds of thousands of jobs;
* Power cuts are also feeding into a decline in manufacturing output;
* The Zimbabwe government has warned of severe food shortages, blaming a drought for the lack of maize, a staple;
* Travellers are panicking about coronavirus but widespread fear has not translated into suppressed equities. Analysts give three reasons why investors may have nothing to fear from the nasty virus that has claimed at least 1,000 lives and has infected more than 40,000 people.
* South African Airways continues to teeter on the brink of collapse as unions fight to preserve jobs and bankers warn that no funding will be available until the government delivers a clear plan;
* Eskom woes are filtering into economic data, with analysts linking widespread power cuts in December to the loss of hundreds of thousands of jobs;
* Power cuts are also feeding into a decline in manufacturing output;
* The Zimbabwe government has warned of severe food shortages, blaming a drought for the lack of maize, a staple;
* Travellers are panicking about coronavirus but widespread fear has not translated into suppressed equities. Analysts give three reasons why investors may have nothing to fear from the nasty virus that has claimed at least 1,000 lives and has infected more than 40,000 people.
