list of companies retrenching in south africa 2020

It was announced in 2018 that the embattled power utility, that currently sits with a multibillion-rand debt bill, would go under a ... Distell. Seychelles says it is barring South Africans – and only South Africans – to keep Britain happy ... SA house prices surprised in 2020 - … 19 Aug 2020. Dismal December for retailers. Companies And Intellectual Property Commission (CIPC) said their recent data shows that South African companies are retrenching in large numbers due to their inability to operate because of coronavirus and… We announce this year’s A List against this backdrop. Samancor Chrome, one of the world’s largest sources of the stainless steel ingredient, warned its unions on Monday that it could cut up to 2,488 jobs because of a global downturn in the chrome price and a rise in Eskom’s electricity prices. Absa said it was restructuring its South African retail and business banking unit, which will affect 827 employees. Comments? These 300+ companies are leading the way to a more sustainable future. Under such circumstances the Data Subject is entitled to first be made aware of legislation in other countries that provides adequate protection of the Personal Information. More retrenchments on the table for SA workers News All JSE data is delayed by at least 15 minutes, *Copyright © 2021 Business Insider Inc.All rights reserved.Registration on or use of this site constitutes acceptance of our, alarming state of the South African economy, closed Dunkin Donuts and Baskin Robbins in South Africa, close dozens of branches as the bank focuses on digital banking, Standard Bank said the closures will affect an anticipated 1,200 jobs, budgeted R233 million for additional retrenchments in 2019, said it is restructuring its Port Elizabeth operation, Section 189 letters to 5,000 permanent and temporary workers, retrench 2,000 employees at its call centres and walk-in services, The National Credit Regulator tried to ‘protect fraudsters’ from Sars and the big banks – but the appeals court isn't keen, Another SA company has admitted its financials are wrong - what you need to know about the crisis at Tongaat Hulett, South Africans can now get banned from Uber for being rude to drivers – here’s what we know so far, A 260km trip to the bank: here’s how hard Standard Bank’s branch closures will hit the Northern Cape, Free State, and other provinces. Tiso Blackstar. All employees in South Africa as a condition of their employment are entitled to leave provisions as set out in the Basic Conditions of Employment Act (BCEA). PetroSA’s – South Africa’s National Oil Company Interim Board Sacked. 7 Edward Jones. Samancor joins a growing list of SA’s mining companies retrenching. South African companies which are unable to continue business with the same amount of staff have started retrenching workers from last week due to the fact that they cannot afford to pay their salaries from … Now is the time for drug companies to decide whether they want to be part of that growth and, more important, play an active role in improving public health. South Africa. We teamed up with Qlik, the Official Analytics Partner of the Fortune 500, to bring to life the shifting fortunes of iconic companies and sectors in an interactive data visualization. Tongaat Hulett HQ recently gave instruction to the Zimbabwe operation to restructure and downsize. WW; Posted 24 Apr 2020 Originally published 23 Apr 2020. Already subscribed? Also read: Another SA company has admitted its financials are wrong - what you need to know about the crisis at Tongaat Hulett. Unemployment on the rise, hunger increases. Media, broadcast and retail group Tiso Blackstar announced staff cuts at some of its publications. Also read: Standard Bank is closing more than 100 branches - here's the full list. 9 American Express. Weak chrome prices and Eskom blamed These South African companies are retrenching staff in 2019. This comes amid news that South Africa's unemployment rate increased to 27.6 percent in the first quarter of 2019. State-owned electricity monopoly Eskom is a common theme running through recently announced job cuts at the Glencore and Merafe Resources joint venture smelter in Rustenburg... A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily. South Africa . "The Future of Retailing in South Africa to 2020" is detailed databook providing a comprehensive analysis of the category and channel trends in the South Africa's retail market. Posted on April 23, 2020 Facebook Twitter Linkedin. The company suspended the employer and employee payment of their provident fund but that was not enough to stop job losses. We teamed up with Qlik, the Official Analytics Partner of the Fortune 500, to bring to life the shifting fortunes of iconic companies and sectors in an interactive data visualization. Since April 7th 2020, part of the M.T. Standard Bank - South Africa’s largest bank in terms of total assets - announced it will close dozens of branches as the bank focuses on digital banking. Weak chrome prices and Eskom blamed, Oil prices are up as US inflation fears recede, JSE set for higher opening after US adopts $1.9-trillion stimulus package, MARKET WRAP: Rand and JSE firm after positive GDP numbers, MARKET WRAP: JSE slips on depressed business confidence, JONNY STEINBERG: A kick in the face of the poor after failing SA with vaccines. President Ramaphosa acknowledged the challenge of balancing safety measures and saving businesses from collapse. Employees will be offered an early retirement, while others may relocate to the Western Cape and work at its operations there, PPC said. Updated list published. NICOLE FRITZ: Silent or silenced? See which companies made the list. South African hospitals prepared for Wuhan coronavirus casesDate: 30/01/2020. 02:35. Jobs will be lost at plants in Port Elizabeth and East London as the debt-laden company seeks efficiencies. South Africa. Second Adjustments Appropriation Act (2021-01-20) Act 20 of 2020. Unfair dismissal case of 22 staff before the CCMA nine times since 2019, Unions ‘blew’ their chance as funds used to fight Covid, top court told, Zweli Mkhize warns SA could miss its 40-million vaccination target, Claims of racism set to hobble Eskom turnaround plan. The company said it has unsuccessfully tried to sell the businesses since September 2018. The … 11 May 2020. January 26, 2020 by Pavan Kulkarni. South Africa Coronavirus update with statistics and graphs: total and new cases, deaths per day, mortality and recovery rates, current active cases, recoveries, trends and timeline. Government Notice 872 - Comment by | File Size: 471.74 KB. Here's a list of companies that have already announced remote work as a long-term business strategy. This is a developing story. Construction giant Group Five announced that it has budgeted R233 million for additional retrenchments in 2019 after retrenching 1,000 employees in 2018. The Impact of COVID-19 in South Africa Format Analysis Source. With over a million visitors a month, we are one of the most popular destinations to find employment online in South Africa. Africa will continue to grow for the foreseeable future. By Fast Company 3 minute Read Got a subscription voucher? This brings the total number of persons employed in the formal non-agricultural sector in South Africa to approximately 9,6 million. Home Essential Services Sectors and News Available in SA Companies already started retrenching workers in South Africa during level 3 advanced of lockdown; June 25, 2020 admin. Abraham Group ... Industrial Development Corporation of South Africa Limited 24%, Government of Mozambique 3.9% BHP Billiton holdings now demerged to South32. Sibanye-Stillwater in January said more than 6,000 employees will be retrenched, but the number declined after a section 189 process. Rates and Monetary Amounts and Amendment of Revenue Laws Act (2021-01-20) Act 21 of 2020. Grand Parade Investments closed Dunkin Donuts and Baskin Robbins in South Africato improve the group's cash reserves. Islam . Q&A: What is the maximum interest on arrear sectional title levies? Manline Freight is retrenching 48 truck drivers. 2 Ultimate Software. Visit Business Insider's homepage for more stories. The companies, wholly owned by the JSE-listed Bidvest, offer various ground, passenger, and cargo services to a long list of airlines at South Africa's biggest airports. 01:43. PetroSA’s interim board is sacked. A ranking of the organizations doing the most to embrace sustainable business practices was revealed Tuesday at the World Economic Forum annual meeting in … The South African Insurance Association (SAIA) is the representative body of the non-life insurance industry. Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January. Also read: Dunkin' Donuts didn’t cut it in South Africa – but two more provinces will be getting Krispy Kreme donuts via Pick n Pay soon. Absa refrained from calling it a retrenchment process, but rather said it will try to improve efficiencies which will create “both new opportunities and redundancies across the business”. … But December 2018 was a tough month for retail in South Africa. Academic bookstore chain Van Schaik, which operates over 70 stores in South Africa, Swaziland, Namibia and Botswana, embarked on a large scale restructuring process, the Daily Dispatch reported. It … The 10 Biggest Fintech Companies In America These unicorns are forever changing the way we interact with money. Samancor joins a growing list of SA’s mining companies retrenching The world's second-largest ferrochrome producer could shed nearly 2,500 jobs. Redeem it now. Questions? 21 Aug 2020. by Ph April 26, 2017, 4:40 pm. Decarbonizing Energy. 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Airport Company, South Africa, Gauteng, Tier 1, Ekurhuleni, Kempton Park Sishen Iron Ore Company (Kumba Iron Ore) Mining , South Africa , Gauteng , Tier 1 , Centurion Knowing the companies means that you get to understand the culture and expectations in advance. 5 May 2020… Use of this site constitutes acceptance of our Terms & Conditions and Privacy Policy. A total of up to 3,395 people employed by the companies BidAir Services, BidAir Cargo, and Bidvest Premier Loungers, are affected. SOUTH Africa’s largest and most trusted motoring marketplace, AutoTrader, has invested in making the K53 learner’s book available . Government Notice 873 - … ... 24-01-2020 14:10. in ... PO Box 44354, Claremont, 7735, South Africa. 2020-01-22 11:54:00 PM. South Africa scrambles for new Covid strategy after AstraZeneca vaccine blow Published: 8 Feb 2021 Oxford Covid vaccine has 10% efficacy against South African variant, study suggests The alarming state of the South African economy is taking a heavy toll on companies, and many have announced retrenchments. Taxation Laws Amendment Act (2021-01-20) Act 22 of 2020. Oral question and answer sessions with Deputy President David Mabuza and with Cabinet Ministers, the 2021 Budget and Bills are among issues featuring at sittings of the National Assembly (NA) and National Council of Provinces (NCOP) this week. It is likely that more companies will be retrenching staff in the coming months. 12 May 2020. It is the 25th-largest country in the world by land area, and with close to 56 million people, is the world's 24th-most populous nation. 6 May 2020. These are some of the biggest job losses since the start of the year: Grand Parade Investments closed Dunkin Donuts and Baskin Robbins in South Africa to improve the group's cash reserves. GARETH VAN ONSELEN: What 2021 election percentage is defensible for the DA? The 10 Biggest Fintech Companies In America These unicorns are forever changing the way we interact with money. Zondo has visited my house several times, says Zuma, Coalition in Joburg weakened as ANC and Patriotic Alliance split, POLITICAL WEEK AHEAD: Experts’ report on Mkhwebane to be made public this week, Glencore chair Anthony Hayward to exit before 2022 AGM, Goldman Sachs SA beefs up with key appointment, When you order $36m worth of copper but get painted rocks…, Growthpoint says it will take two years for office market to normalise, BRIAN KANTOR: The Treasury’s decision to forgo tax hikes bodes well for the economy, SA posts first annual current account surplus in almost two decades, SA business confidence unexpectedly falters, Economy will only recover in 2024, says Pali Lehohla, Corporate social investment raises private sector’s image and relationship with government. It contains: Over the years, Greyhound has built a reputation as one of the premium long-distance coach services in Southern Africa offering affordable cross-border and domestic transportation to thousands of commuters. All rights reserved. Standard Bank said the closures will affect an anticipated 1,200 jobs, but some employees will be accommodated within its existing structure. With South Africa having just reported its first cases of COVID-19, Africa is beginning to feel its full impact and plans to control and manage the humanitarian challenges of the virus are underway across the continent. 1 Hilton. Air Traffic and … Updated list of licensed sponsors. You can unsubscribe any time — … With the possibility of retrenchments heightened by the current lockdown, some South African companies have come under fire for allegedly using COVID-19 as an excuse to retrench employees for illegitimate reasons.. Economic disruptions caused by the COVID-19 pandemic and the current lockdown has resulted in many companies having to downscale or close their doors … Mining conglomerate Sibanye-Stillwater said 3,000 employees will be retrenched due to ongoing financial losses at its Beatrix 1 shaft in Free State and Driefontein in Gauteng. Our 2020 list of the 100 best companies as ranked by their employees. Business Day reported that Hulamin Extrusions, which provides aluminium extrusion products, plans to cut 50% of its staff, affecting roughly 200 positions. Free K53 learner’s book to increase mobilityDate: 27/02/2020. Ever! Despite posting a strong profit of R7 billion, Multichoice said it will retrench 2,000 employees at its call centres and walk-in services. 7 Aug 2020: Division of Revenue Amendment Act 10 of 2020 (English / isiXhosa) Act. Many South African companies that are retrenching are not doing this in South Africa alone. Join our newsletter. Simply sign in below. Updated register.

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