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#businessday — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #businessday, aggregated by home.social.

  1. 「ArcelorMittal SA CEO sees no way of avoiding longs closure, says wind down to start in Jan
    ArcelorMittal South Africa CEO Kobus Verster

    [...]

    The loss was attributed largely to electricity load curtailment, implemented at energy-intensive firms at high stages of #loadshedding, which had again been escalated to between Stage 4 and 6 when #ArcelorMittal #SouthAfrica made its wind-down announcement.

    It also came amid increased strain between business and government, more generally. Automotive group #Volkswagen issued a warning about the company’s South African operations, citing loadshedding and #logistics problems as key concerns, while #platinum producers have indicated that job cuts are inevitable.

    Meanwhile, Minister in the Presidency Khumbudzo #Ntshavheni, who was widely condemned for suggesting that the private sector was engineering the collapse of the government when commenting on a rand manipulation-related settlement, appeared to double down in an opinion piece penned for the #BusinessDay.」

    engineeringnews.co.za/article/

    #JobLosses #Eskom #Transnet #ANC

  2. 「ArcelorMittal SA CEO sees no way of avoiding longs closure, says wind down to start in Jan
    ArcelorMittal South Africa CEO Kobus Verster

    [...]

    The loss was attributed largely to electricity load curtailment, implemented at energy-intensive firms at high stages of #loadshedding, which had again been escalated to between Stage 4 and 6 when #ArcelorMittal #SouthAfrica made its wind-down announcement.

    It also came amid increased strain between business and government, more generally. Automotive group #Volkswagen issued a warning about the company’s South African operations, citing loadshedding and #logistics problems as key concerns, while #platinum producers have indicated that job cuts are inevitable.

    Meanwhile, Minister in the Presidency Khumbudzo #Ntshavheni, who was widely condemned for suggesting that the private sector was engineering the collapse of the government when commenting on a rand manipulation-related settlement, appeared to double down in an opinion piece penned for the #BusinessDay.」

    engineeringnews.co.za/article/

    #JobLosses #Eskom #Transnet #ANC

  3. 「ArcelorMittal SA CEO sees no way of avoiding longs closure, says wind down to start in Jan
    ArcelorMittal South Africa CEO Kobus Verster

    [...]

    The loss was attributed largely to electricity load curtailment, implemented at energy-intensive firms at high stages of #loadshedding, which had again been escalated to between Stage 4 and 6 when #ArcelorMittal #SouthAfrica made its wind-down announcement.

    It also came amid increased strain between business and government, more generally. Automotive group #Volkswagen issued a warning about the company’s South African operations, citing loadshedding and #logistics problems as key concerns, while #platinum producers have indicated that job cuts are inevitable.

    Meanwhile, Minister in the Presidency Khumbudzo #Ntshavheni, who was widely condemned for suggesting that the private sector was engineering the collapse of the government when commenting on a rand manipulation-related settlement, appeared to double down in an opinion piece penned for the #BusinessDay.」

    engineeringnews.co.za/article/

    #JobLosses #Eskom #Transnet #ANC

  4. Members of the National Education, Health and Allied Workers Union (Nehawu), one of the largest unions of labour federation Cosatu, were set to down ...
    Public sector wage strike interdicted