Money Web
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Money Web
What pilots do when a pandemic grounds half the world’s planes
Flying $450 million airliners was once a dream job, and there was no shortage of opportunity. Last year Boeing estimated that airlines would need to add 800 000 pilots over the next 20 years to feed an Asia-led travel boom; some carriers in China were offering salaries of more th...
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Money Web
Rights issues: From trickle to torrent?
With the impact of the Covid-19 lockdown expected to drag on for several more months, the rate at which companies tap the market for more funding is likely to increase appreciably from the steady but significant trickle seen so far.
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Aspen’s shares summit to highest level since 2018
Durban-based global pharmaceutical giant Aspen Pharmacare saw its share price surge 9.29% to R153 on Wednesday – its highest level since November 2018 – following UK reports that a drug it manufactures in SA has seen positive trial results for treating severely ill Covid-19 patie...
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SABC to let go of 600 employees
The South African Broadcasting Corporation (SABC) plans to retrench its staff following consultations with the public broadcaster’s key stakeholders.
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Entrepreneurs still waiting for debt relief
Most small business owners have a common problem – the agony of uncertainty around the future of their businesses and the sad reality that many will have to let at least some of their staff go.
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