Government and unions have reached an agreement to retain an additional 1 000 employees at South African Airways (SAA) – doubling the number of workers who will not be retrenched to kickstart the new airline.
The Organisation Undoing Tax Abuse (Outa) suspects long-distance toll concessionaires may be making excessive profits and is taking the SA National Roads Agency (Sanral) to court in an attempt to obtain the evidence to prove it.
Emerging market currencies in Europe, the Middle East and Africa were pressured by a rise in demand for the dollar on Tuesday, as investors took a breather from stocks and other riskier investments after several days of gains.
South African chemicals and fertiliser maker Omnia Holdings swung into a full-year profit in the year to end March, it said on Tuesday, after restructuring measures helped strengthen its balance sheet and boost earnings.
Asian shares paused for breath on Tuesday following a surge sparked by speculation Beijing is trying to orchestrate a major domestic bull run to support an economy hit by the coronavirus and a standoff with Washington.