17b5aba0a49d4052b4266beb4ec00dbf 1587478678441

Business: Is the SAA rescue offer going to fly?

The government is set to dip into its own pocket to bail out SAA and retailer the struggling airline from liquidation while asking quite a number lenders to finance the R2 billion retrenchment process. The Department of Public Enterprises (DPE) on Friday established that it would existing an Adjustment Appropriation Bill in Parliament to reprioritise […]

images 1 1600493912842

Business: Comair closer to take-off as creditors implement rescue business plan

Comair on Friday surpassed another great waypoint en route to returning to the skies when the giant majority of creditors and shareholders voted to adopt the business rescue plan. The company stated on Friday that in terms of the commercial enterprise rescue format the favored investment consortium, comprising a range of former Comair board members […]

Business: Absa gains as earnings take a huge fall

Absa opened weaker on the JSE on Thursday after the bank flagged that its profits would probably take a massive hit in the six months to quit June. Absa said its revenue have been expected to decline between ninety two percent and 97 percentage with headline salary per share and profits per share tumbling compared […]