Instead of focusing on rebuilding the country after years of state capture, we were distracted by a sideshow, writes Mandy Wiener.
Afternoon clouds. Mild.
A leaked Eskom vision and strategy document, apparently prepared by the Boston Consulting Group for Eskom, has revealed the next steps of a long-awaited restructuring and turnaround plan for the embattled utility.
The CEO of Germany's biggest bank is expected to announce a massive overhaul on Sunday. It's been a rough few years for the beleaguered lender.
Naspers on Monday announced that it is creating a new company that will hold all its overseas internet companies.
Don't hold your breath for Eskom restructuring as a solution, says Ferial Haffajee.
Independent Media has kicked off a restructuring process affecting multiple divisions, in a bid to "streamline operations and optimise its efficiencies", it told Fin24.
Barclays Africa Group has largely completed the restructuring of its South African retail and business banking unit’s executive team and filled most of the newly created positions.
It's all good and well to cut costs at SAA, but what about those who will lose their jobs, Cosatu has asked Parliament.
The sooner a company acknowledges that it’s in trouble and starts trying to do something about it, the more options it has available to turn the ship around.
Airbus Group has provided its European Central Works Council with further details on the company’s planned integration.
Trade union Solidarity says telecoms company Telkom plans to shed 7 800 jobs within two months.
Steinhoff International Holdings wants to extend the date for the completion of the group's restructuring, according to a note to shareholders.
The email says that the company has proposed "broad restructuring of its editorial operations as a result of economic headwinds".
Absa Group is restructuring its South African retail and business banking unit within months of reducing the division’s management team and rolling out a new strategy.
Canadian train company Bombardier announced a major overhaul of its business on Thursday, just as the Gautrain is the market for new trains.
Steinhoff International says in excess of 85% of the group's financial creditors have confirmed their support of a proposed extension of a long-stop date.
Minister of Economic Development Ebrahim Patel has welcomed Old Mutual's decision to establish South Africa as the base for all its emerging market operations.
For the remainder of the year, AngloGold Ashanti will be focusing on its restructuring strategy, which will cost 8 500 miners their jobs.
Embattled mobile network Cell C has turned down an offer to purchase from Telkom, saying that transactions with JSE-listed Blue Label Telecoms are still taking place.
The unpredictable economy makes for a tough year ahead. Businesses may consider restructuring and letting people go to cut costs. However, there are other ways cut costs.
The telecoms network has hit back at a statement made by a union regarding a Johannesburg Labour Court order.
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