SAA June take-off confusion; Covid-19 hammers Absa, Netcare; PetroSA circles Sasol; diesel rations; Distell
Loading player...
In today's news headlines:
* SAA is set to take off again. It aims to resume domestic flights between Johannesburg and Cape Town from mid-June, it said on Tuesday*;
* Absa bank has been hit hard by the Covid-19 shock to the economy, warning that bad debts have doubled;
* JSE-listed hospital group Netcare has lost revenue as Covid-19 containment measures have halted elective surgery;
* South Africa’s alcoholic-beverage makers are pushing the government to allow smaller bars to convert into drink-collection points when a nationwide ban on sales is lifted next week;
* South Africa has implemented diesel rationing, with demand for the fuel recovering faster than expected; and
* South Africa’s state-owned Central Energy Fund is considering buying assets that have been put on the block by fuel and chemical maker Sasol as it seeks to restore itself to profitability, reports Bloomberg.
*SAA BRPs contradicted this statement earlier today, saying a decision has not yet been made, and more clarity on level 3 lockdown and the changes for domestic travel need to be assessed.
* SAA is set to take off again. It aims to resume domestic flights between Johannesburg and Cape Town from mid-June, it said on Tuesday*;
* Absa bank has been hit hard by the Covid-19 shock to the economy, warning that bad debts have doubled;
* JSE-listed hospital group Netcare has lost revenue as Covid-19 containment measures have halted elective surgery;
* South Africa’s alcoholic-beverage makers are pushing the government to allow smaller bars to convert into drink-collection points when a nationwide ban on sales is lifted next week;
* South Africa has implemented diesel rationing, with demand for the fuel recovering faster than expected; and
* South Africa’s state-owned Central Energy Fund is considering buying assets that have been put on the block by fuel and chemical maker Sasol as it seeks to restore itself to profitability, reports Bloomberg.
*SAA BRPs contradicted this statement earlier today, saying a decision has not yet been made, and more clarity on level 3 lockdown and the changes for domestic travel need to be assessed.
