SONA2020: CR 'fixing fundamentals'; Eskom golden handshakes; SAA, Gold, Tesla
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In today's business headlines:
- President Cyril Ramaphosa has acknowledged that the economy is in a crisis and says 2020 is the year to fix fundamentals;
- South African gold output surged the most in four years in December, providing an unexpected boost for the country’s mining production;
- Eskom has begun offering managers voluntary severance packages as part of a programme to cut costs;
- South African Airways may sell its two prized night-time operating slots at London’s Heathrow Airport as the state-owned carrier battles to stave off financial collapse; and
- Tesla is selling about $2bn of common stock, taking advantage of its surging shares just two weeks after Elon Musk said raising capital didn’t make sense.
- President Cyril Ramaphosa has acknowledged that the economy is in a crisis and says 2020 is the year to fix fundamentals;
- South African gold output surged the most in four years in December, providing an unexpected boost for the country’s mining production;
- Eskom has begun offering managers voluntary severance packages as part of a programme to cut costs;
- South African Airways may sell its two prized night-time operating slots at London’s Heathrow Airport as the state-owned carrier battles to stave off financial collapse; and
- Tesla is selling about $2bn of common stock, taking advantage of its surging shares just two weeks after Elon Musk said raising capital didn’t make sense.
