R/€ = 19.05 Change: 0.12
R/$ = 16.81 Change: 0.02
Au 1681.60 $/oz Change: -20.06
Pt 816.00 $/oz Change: -10.20


Mondi appoints new CFO

By: Donna Slater     26th May 2020 Packaging and paper manufacturer Mondi has appointed Mike Powell as its new CFO and executive director with an effective date yet to be announced. Following a thorough recruitment process involving internal and external candidates, Powell was appointed to succeed Andrew King, who was appointed... 

New Army 3-D printing study shows promise for predictive maintenance

25th May 2020 Army researchers have discovered a way to monitor the performance of 3-D printed parts, which tend to have imperfections that affect performance in ways traditionally-machined parts do not. A new study published recently in the International Journal of Advanced Manufacturing Technology showed... 

Denel unable to pay salaries this month, union reports

By: Rebecca Campbell     20th May 2020 The Solidarity trade union has reported that, at a meeting with Denel management on May 18, the State-owned defence industrial group had confirmed that it could not pay its staff their salaries at the end of this month. Export orders worth R101-million could not be delivered because the necessary... 

Gordhan and SAA business rescue practitioners trade barbs over rescue plan

By: African News Agency      15th May 2020  MPs on Friday heard from South African Airways's business rescue practitioners that a lack of funding severely hampered their work, while Public Enterprises Minister Pravin Gordhan questioned their spending decisions and their future objectives for the stricken national carrier. Siviwe Dongwana,... 

Worldwide, passenger air traffic fell sharply in February, Iata reports

By: Rebecca Campbell     3rd April 2020 Global air passenger traffic in February, measured in revenue passenger kilometres, fell by 14.1% in comparison to February 2019, the International Air Transport Association (Iata) reported on April 2. This was the sharpest fall since the notorious terrorist attacks of September 11, 2001 in the... 

International air transport body urges global economic group to act to save aviation

By: Rebecca Campbell     27th March 2020 On March 26 the International Air Transport Association (Iata) addressed an appeal, on behalf of the global airline industry, to the leaders of the Group of 20 leading economic powers (G20). The G20 members together accounted for some 85% of the world’s gross domestic product, more than 75% of... 

SA Express reassures public about its safety and regulatory compliance

By: Rebecca Campbell     13th March 2020 State-owned regional airline SA Express, which is currently under business rescue, has assured that its aircraft meet all safety requirements. It did so in a press release issued on Thursday. That press release also revealed that the airline’s business rescue practitioners (BRPs) had submitted a... 

SAA says adhering to safety protocols on Covid-19

By: African News Agency      12th March 2020 National carrier South African Airways said on Thursday its operational health and safety procedures were in line with the World Health Organisation’s protocols to protect its passengers and crew from contracting Covid-19. On Wednesday WHO declared the coronavirus disease a pandemic as it... 

Ethiopian draft report blames Boeing for 737 MAX plane crash – sources

By: Reuters     9th March 2020 A draft interim report from Ethiopian crash investigators circulated to US government agencies concludes the March 2019 crash of a Boeing Co 737 MAX was caused by the plane's design, two people briefed on the matter said Friday. Unlike most interim reports, this one includes a probable cause... 

As virus spreads to three continents, markets brace for recession

By: News24Wire      28th February 2020 Countries on three continents reported their first cases of the coronavirus on Friday as the world prepared for a pandemic of the disease and investors dumped equities in expectation of a global recession. Share prices were on track for the worst week since the global financial crisis in 2008 as... 

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