Corporate Affairs
-
Solidarity Fund flies in essential PPE for frontline healthcare workers
The Solidarity Fund has taken delivery of a consignment of personal protective equipment (PPE) as part of its health and humanitarian intervention to provide much-needed PPE for frontline healthworkers.
The consignment, received on June 6, includes go…
-
Two unions support demands by SA Express staff to be paid their salaries
Two trade unions, the National Union of Metalworkers of South Africa (Numsa) and the South African Cabin Crew Association (Sacca), have jointly expressed support for the workers of financially embattled State-owned regional airline SA Express. The workers organised a protest march, without any assistance from the two unions, to demand that the government intervene in SA Express and pay the workers’ salaries. SA Express was currently under provisional liquidation. Its employees have not been paid since the end of February. They had had to endure the national anti-Covid-19 lockdown without any salary. The only support they had received was a R7 000 payout from the Unemployment Insurance Fund’s Temporary Employee Relief Scheme. This amount was lower than the salaries of most of the workers involved.
-
Two unions support demands by SA Express staff to be paid their salaries
Two trade unions, the National Union of Metalworkers of South Africa (Numsa) and the South African Cabin Crew Association (Sacca), have jointly expressed support for the workers of financially embattled State-owned regional airline SA Express. The workers organised a protest march, without any assistance from the two unions, to demand that the government intervene in SA Express and pay the workers’ salaries. SA Express was currently under provisional liquidation. Its employees have not been paid since the end of February. They had had to endure the national anti-Covid-19 lockdown without any salary. The only support they had received was a R7 000 payout from the Unemployment Insurance Fund’s Temporary Employee Relief Scheme. This amount was lower than the salaries of most of the workers involved.
-
Conveyor components ideal for use in boilers
Industrial equipment supplier BMG’s extensive power transmission range encompasses HEKO conveyor components, including round link chains and components for submerged chain conveyors, which have been designed for dependable use in many harsh environments such as in the boiler industry.
-
Concrete solutions for rural roads
With poor rural gravel roads causing horrific accidents, technical service provider The Concrete Institute (TCI) MD Bryan Perrie says there is substantial scope for more low-volume concrete roads to increase road safety in South Africa.
-
Conveyor components ideal for use in boilers
Industrial equipment supplier BMG’s extensive power transmission range encompasses HEKO conveyor components, including round link chains and components for submerged chain conveyors, which have been designed for dependable use in many harsh environments such as in the boiler industry.
-
Concrete solutions for rural roads
With poor rural gravel roads causing horrific accidents, technical service provider The Concrete Institute (TCI) MD Bryan Perrie says there is substantial scope for more low-volume concrete roads to increase road safety in South Africa.
-
Brazilian aerospace group Embraer reports net loss for the first quarter of the year
Brazilian major aerospace group Embraer, the world’s number one manufacturer of commercial jets with up to 150 seats, and the world’s number three commercial jet manufacturer, after Airbus and Boeing (in alphabetical order), has reported a net loss attributable to its shareholders of $292-million and an adjusted net loss (which omitted special items and deferred taxes and social contributions) of $104-million, for the first quarter of this year (1Q20). Embraer’s financial year is the same as the calendar year. The company’s free cash flow was negative $676.5-million in 1Q20, in comparison to negative $665.3-million during the same period last year (1Q19). But Embraer’s free cash flow during the first quarter was usually negative, “due to seasonal working capital consumption” (in the words of the company’s media release). In sharp contrast, its free cash flow during the last quarter of last year was positive $739.4-million.
-
Brazilian aerospace group Embraer reports net loss for the first quarter of the year
Brazilian major aerospace group Embraer, the world’s number one manufacturer of commercial jets with up to 150 seats, and the world’s number three commercial jet manufacturer, after Airbus and Boeing (in alphabetical order), has reported a net loss attributable to its shareholders of $292-million and an adjusted net loss (which omitted special items and deferred taxes and social contributions) of $104-million, for the first quarter of this year (1Q20). Embraer’s financial year is the same as the calendar year. The company’s free cash flow was negative $676.5-million in 1Q20, in comparison to negative $665.3-million during the same period last year (1Q19). But Embraer’s free cash flow during the first quarter was usually negative, “due to seasonal working capital consumption” (in the words of the company’s media release). In sharp contrast, its free cash flow during the last quarter of last year was positive $739.4-million.
-
April saw almost total collapse in air travel demand, but early signs of recovery appearing
The International Air Transport Association (Iata) has reported that it has detected signs of a recovery in air passenger demand, following a gigantic collapse in April. Air passenger demand during April was 94.3% lower than in April 2019, a fall never before seen in this statistical series since Iata (the representative body of the global airline industry) initiated it in 1990. This collapse was due to the almost total halting of domestic and international air traffic around the world, imposed by governments trying to contain the Covid-19 pandemic. “April was a disaster for aviation as air travel almost entirely stopped,” highlighted Iata director-general and CEO Alexandre de Juniac. “But April may also represent the nadir of the crisis. Flight numbers are increasing.”