Corporate Affairs

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    IMF rumours may be the scare South Africa needs

    The threat of an International Monetary Fund (IMF) bailout, unthinkable a few years ago, may force South Africa’s government to push through the reforms it needs to rescue the economy. An expanded bailout for struggling power utility Eskom Holdings and calls from other State companies for support have strained the nation’s budget, prompting business groups and analysts to warn the country could be pressed to ask the IMF to help keep a lid on ballooning debt.

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    IMF rumours may be the scare South Africa needs

    The threat of an International Monetary Fund (IMF) bailout, unthinkable a few years ago, may force South Africa’s government to push through the reforms it needs to rescue the economy. An expanded bailout for struggling power utility Eskom Holdings and calls from other State companies for support have strained the nation’s budget, prompting business groups and analysts to warn the country could be pressed to ask the IMF to help keep a lid on ballooning debt.

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    Latam adds next-gen Airbus A350 plane to its Sao Paulo–South Africa route

    Latin American airline group Latam Airlines on Friday hosted a media tour of the latest addition to its fleet – an Airbus A350 XWB – which operates on its route between Sao Paulo, in Brazil, and Johannesburg. The plane, with the capacity to transport 30 business and 309 economy class passengers, started operating on the route on August 1.

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    Latam adds next-gen Airbus A350 plane to its Sao Paulo–South Africa route

    Latin American airline group Latam Airlines on Friday hosted a media tour of the latest addition to its fleet – an Airbus A350 XWB – which operates on its route between Sao Paulo, in Brazil, and Johannesburg. The plane, with the capacity to transport 30 business and 309 economy class passengers, started operating on the route on August 1.

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    Outa to challenge the Aarto Amendment Act

    The Organization Undoing Tax Abuse said it plans to mount a legal challenge against the amendment of the Administrative Adjudication of Road Traffic Offences Act. The Act sets up a demerit system for drivers, who lose points for traffic offences, which…

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    Outa to challenge the Aarto Amendment Act

    The Organization Undoing Tax Abuse said it plans to mount a legal challenge against the amendment of the Administrative Adjudication of Road Traffic Offences Act. The Act sets up a demerit system for drivers, who lose points for traffic offences, which…

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    MyCiTi suspension on N2 hits Cape Town commuters hard in the pocket

    Commuters in Khayelitsha are battling to get to work, as the suspension of the MyCiTi service on the N2 enters its 10th week. Those who can afford it are clubbing together to use e-hailing services, spending up to R250 for the trip to the city, GroundU…

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    MyCiTi suspension on N2 hits Cape Town commuters hard in the pocket

    Commuters in Khayelitsha are battling to get to work, as the suspension of the MyCiTi service on the N2 enters its 10th week. Those who can afford it are clubbing together to use e-hailing services, spending up to R250 for the trip to the city, GroundU…

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    Distributor sets new lift truck warranty standards

    In a ground-breaking development, materials handling supplier Goscor Lift Truck Company (GLTC) has rolled out an industry first, standard five-year warranty on its construction equipment supplier Doosan 7 Series range of lift trucks. The new offering is the longest ever warranty to be offered in the South African forklift industry. 

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    Drive company supplies inverters for warehouse expansion project

    Drive engineering company SEW-Eurodrive has supplied 98 MOVITRAC LTP-B inverters for conveyor belts installed for a local e-commerce warehouse, in Johannesburg. SEW-Eurodrive was contracted by materials handling specialist Neptek to supply the inverter…

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