Woolworths hit by weak Australia, December results

A shopper walks to a Woolworths store in Sandton, South Africa, August 28, 2019. Half-year earnings at South Africa’s Woolworths could drop by as much as 20%, the retailer warned on Monday, sending its shares down more than 4%. The company, which sells food, clothing and homeware, said an accounting change had compounded the decline, but also pointed to another drop in sales at its struggling Australian businesses and slow trade during the critical December period. In a trading statement, Woolworths said that while group sales were expected to have…

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Eskom appoints project manager for Kusile power station construction

Eskom says the Kusile power station will be the fourth largest of its kind in the world. Power utility Eskom has appointed one of its former senior project managers, Avin Maharaj to head up their Kusile power station construction project in Mpumalanga. Maharaj was appointed as projects director for the Kusile project, effective from the January 23, 2020. In 2017, Maharaj left Eskom to work at the Redondo Peninsula Energy Company, in the Philippines. Eskom says the Kusile power station will be the fourth largest of its kind in the…

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Numsa signs three-year wage agreement with Mibco

Spokesperson Phakamile Hlubi-Majola says this round of wage talks was extremely tough because of the challenges faced in the economy. The National Union of Metalworkers of South Africa (Numsa) has signed a three-year settlement agreement in the Motor Industries Bargaining Council (MIBCO). Mibco represents workers in the motor sector, including in component companies, petrol stations and car dealerships. The South African motor sector also employs about 306 000 workers. Numsa secured an 8% increase for garage workers as well as dealership employees and a 7.5% increase for component manufacturers. Spokesperson…

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