list of companies retrenching in south africa 2020

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KHAYA SITHOLE: With a R1bn price tag, will Zondo inquiry have any consequences? 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… Abraham Group ... Industrial Development Corporation of South Africa Limited 24%, Government of Mozambique 3.9% BHP Billiton holdings now demerged to South32. 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. 9 American Express. Business Insider SA ... first found in South Africa, to... Dr. Catherine Schuster-Bruce, Business Insider US Mar 08, 2021, 09:13 PM. In a retrenchment process the company called “significant”, PPC cement said it is restructuring its Port Elizabeth operation due to the tough economic environment. Visit Business Insider's homepage for more stories. 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. From the verdant Garden Route to the sub-tropical coast of KwaZulu-Natal, South Africa’s landscapes are as diverse as its attractions. Africa will continue to grow for the foreseeable future. Breaking News Headlines Stories Comments News. By Fast Company 3 minute Read Islam, though a minor religion, was introduced by the Dutch settlers’ Cape Malay slaves and constitutes 1.5% of the total population in the country. Free K53 learner’s book to increase mobilityDate: 27/02/2020. 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. There's something for everyone, whether you want to sip sauvignon blanc in Stellenbosch, explore Johannesburg, or spot the Big Five in Kruger National Park. … National Public Health Institute of South Africa Act 1 of 2020 (English / Sepedi) Act. Updated register. 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. Travel expenses: what to claim for and how it’s taxed, PODCAST | Hlayisani Growth Fund offers small business funding, ‘I honestly think it’s the best job in the world,’ says Madrid ambulance doctor, Rumours swirl that Tanzania’s missing president is in hospital, Covid-19 variant discovered in UK up to 100% more lethal, Biden’s $1.9-trillion stimulus bill wins approval in Congress, Arsenal eager to break derby spell cast by Spurs, Rugby will take a big income hit if Lions tour is moved to the UK, Manyama’s late header salvages a draw for Chiefs, LALI STANDER: Golf works its spell on new lockdown-hit recruits, Wanted Online: The feisty BMW M2 CS is a not-so-guilty pleasure, ‘Vaxications’ have the travel industry scurrying to meet demand, BMW X5 M is tough competition for rivals but at a cost, Porsche Cross Turismo is a Taycan for the bush. Get the best of our site delivered to your inbox every day. 5 May 2020… These companies are invested in Zimbabwe. Tips? 20 June 2020, 5:00 PM ... should find other alternatives to save jobs instead of retrenching staff. The alarming state of the South African economy is taking a heavy toll on companies, and many have announced retrenchments. PODCAST: Why Cristiano Ronaldo Is The World's Highest-Earning Athlete State-owned marine diamond miner Alexkor said it will be laying off 238 people after unsuccessful attempts to convince the department of public enterprises to allow it to mine coal. Sewele said the company was likely to retrench up a quarter of its workforce. As per Section 72 of the Act, the Data Subject must be advised if Personal Information will be transferred across the borders of South Africa. Got a subscription voucher? 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. 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”. Reinhardt Transport is consulting with its drivers about looming retrenchments as the transport giant faces the closure of its tipper division. Also read: Standard Bank is closing more than 100 branches - here's the full list. Jobs will be lost at plants in Port Elizabeth and East London as the debt-laden company seeks efficiencies. 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. Seychelles says it is barring South Africans – and only South Africans – to keep Britain happy ... SA house prices surprised in 2020 - … 3-million lost their jobs after first month of Covid-19 lockdown . ... 24-01-2020 14:10. in ... PO Box 44354, Claremont, 7735, South Africa. Careers24 is a leading South African job portal that assists jobseekers from all sectors and experience levels to find and apply for vacancies from hundreds of South Africa’s leading companies. Absa said it was restructuring its South African retail and business banking unit, which will affect 827 employees. PETER BRUCE: Forget about thriving export industries while protecting plodding companies. SOUTH Africa’s largest and most trusted motoring marketplace, AutoTrader, has invested in making the K53 learner’s book available . 15 July 2020 - 13:21 By Ernest Mabuza. Rates and Monetary Amounts and Amendment of Revenue Laws Act (2021-01-20) Act 21 of 2020. 10 of 2020. Businesses have been retrenching staff because of heavy losses while others are closing permanently. Download the full report on which this article is based, Africa: A Continent of Opportunity for Pharma and Patients (PDF–1.68MB). These 300+ companies are leading the way to a more sustainable future. Source Business Day “The chrome-ore market in particular has been under huge pressure, with a drastic … The company said it has unsuccessfully tried to sell the businesses since September 2018. Tax Administration Laws Amendment Act (2021-01-20) Act 23 of 2020. Email us at team@businessinsider.co.za. Read more at the SA government's online coronavirus portal or use the 24-hour public hotline: 0800 029 999. Less than a month into 2020, SA companies have already announced thousands of job cuts. 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. The South African Insurance Association (SAIA) is the representative body of the non-life insurance industry. South Africa. 6 Salesforce. Continental Tyre South Africa plans to retrench 170 people when it shuts down some operations in Port Elizabeth. The 10 Biggest Fintech Companies In America These unicorns are forever changing the way we interact with money. 1 Hilton. This as the entertainment company is restructuring its business model to keep up with changing trends, competition from internet streaming providers such as Netflix and demands of its customers. Islam . © 2021 Arena Holdings. Also read: Another SA company has admitted its financials are wrong - what you need to know about the crisis at Tongaat Hulett. 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. Employees will be offered an early retirement, while others may relocate to the Western Cape and work at its operations there, PPC said. It represents the industry to all relevant stakeholders to ensure a sustainable and dynamic industry. 7 Edward Jones. Updated list published. Marine diamond mining is considered high risk, where the grades of diamonds are erratic and difficult to predict. 4 Cisco. The world's second-largest ferrochrome producer could shed nearly 2,500 jobs owing to weak prices and high electricity tariffs . Q&A: What is the maximum interest on arrear sectional title levies? We announce this year’s A List against this backdrop. Earlier CEF Chairperson Luvo Makasi wrote to them, asking why they shouldn’t be fired. All rights reserved. The world's second-largest ferrochrome producer could shed nearly 2,500 jobs. The most important month of the year for retail trade is December, when many consumers are on holiday and go Christmas shopping. Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January. It … Already subscribed? 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. Air Traffic and … The company, owned by media mogul Khanyi Dhlomo, dived deeper into debt in 2016 when it failed to pay the company that prints its publications. South Africa. 6 May 2020. We stand at a historic crossroads. Government Notice 873 - … 7 May 2020. A total of up to 3,395 people employed by the companies BidAir Services, BidAir Cargo, and Bidvest Premier Loungers, are affected. How carbon pricing can help increase the use of renewable energy. Trade union Solidarity says that as many as 58,549 workers in South Africa could lose their jobs this year across a number of industries. Decarbonizing Energy. South Africa had identified 48,285 cases of Covid-19 as of Sunday, with 998 deaths. 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. 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. Grand Parade Investments closed Dunkin Donuts and Baskin Robbins in South Africato improve the group's cash reserves. 2020-01-22 11:54:00 PM. Construction giant Group Five announced that it has budgeted R233 million for additional retrenchments in 2019 after retrenching 1,000 employees in 2018. 7 Aug 2020: Division of Revenue Amendment Act 10 of 2020 (English / isiXhosa) Act. Taxation Laws Amendment Act (2021-01-20) Act 22 of 2020. 1 of 2020. 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 19 Aug 2020. South Africa. 02:35. The Impact of COVID-19 in South Africa Format Analysis Source. Several bus companies in South Africa have initiated plans which will see about 600 employees laid off. Tiso Blackstar. Knowing the companies means that you get to understand the culture and expectations in advance. PODCAST: Why Cristiano Ronaldo Is The World's Highest-Earning Athlete Join our newsletter. 3 Wegmans Food Markets. The company said it has unsuccessfully tried to sell the businesses since September 2018. “We are talking about [retrenching] up to 25% of our employees. It is likely that more companies will be retrenching staff in the coming months. 2 Ultimate Software. 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. Also read: Dunkin' Donuts didn’t cut it in South Africa – but two more provinces will be … Media, broadcast and retail group Tiso Blackstar announced staff cuts at some of its publications. A … But December 2018 was a tough month for retail in South Africa. Standard Bank said the closures will affect an anticipated 1,200 jobs, but some employees will be accommodated within its existing structure. SAB joins growing list of companies planning to retrench, putting 500 jobs on the line By Sizwe Dlamini Feb 12, 2020 CAPE TOWN – South African Breweries, which … It filed for bankruptcy protection and said that a fire sale of some of its assets was the only option for survival. How would the Western Cape judges answer Oprah? 21 Aug 2020. 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. 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. Here's a list of companies that have already announced remote work as a long-term business strategy. 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. 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 … Numsa vows to defend jobs as Samancor joins list of retrenching companies Get link; Facebook; Twitter; Pinterest; Email; Other Apps; January 26, 2020 The National Union of Metalworkers of South Africa has warned yet another company invoking section 189 of the Labour Relations Act – Samancor Chrome – that it would fight its plans to cut 595 jobs at its smelting operations. As such the BCEA recognises certain forms of leave, which may, depending on the circumstances, be applicable to the employees’ absence as a result of COVID-19. This brings the total number of persons employed in the formal non-agricultural sector in South Africa to approximately 9,6 million. Unfortunately, South Africa’s unemployment situation is likely to … The A List 2020. SAIA has 58 members, comprising all categories of non-life insurers, including reinsurers. It contains: Dismal December for retailers. Ever! 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. Having established a representative office more than 40 years ago in 1979, Deutsche Bank today is a fully integrated international investment banking operation based in Johannesburg. Use of this site constitutes acceptance of our Terms & Conditions and Privacy Policy. 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). Climate Change. Manline Freight is retrenching 48 truck drivers. With a comprehensive list of manufacturing companies in South Africa, it is easy for people seeking employment to know which areas to focus on when seeing employment. With over a million visitors a month, we are one of the most popular destinations to find employment online in South Africa. 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. Division of Revenue Second Amendment Act (2021-01-20) Act 18 of 2020. President Ramaphosa acknowledged the challenge of balancing safety measures and saving businesses from collapse. 2020 Contentious Appeal Relating to the Jurisdiction of the ICAO Council under Article II, Section 2, of the 1944 International Air Services Transit Agreement (Bahrain, Egypt and United Arab Emirates v. Eskom. Many companies are considering or are in the process of retrenching workers due to the economic woes of the country that is being exacerbated by the imposed lockdown to curb the spread of the COVID-19 disease. Unemployment on the rise, hunger increases. More retrenchments on the table for SA workers News See which companies made the list. Many South African companies that are retrenching are not doing this in South Africa alone. This comes amid news that South Africa's unemployment rate increased to 27.6 percent in the first quarter of 2019. South Africa’s building and construction sector is on its knees, compounded by a stagnant economy and low infrastructure spending by the government. South Africa is the southernmost country in Africa. It was announced in 2018 that the embattled power utility, that currently sits with a multibillion-rand debt bill, would go under a ... Distell. Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. This as the company plans to close its Olifantsfontein facility and restructure the Pietermaritzburg plant and support services operations. Deutsche Bank in South Africa Deutsche Bank has a long and proud history in South Africa. Weak chrome prices and Eskom blamed A critical part of retrenchment discussions should focus on the tax consequences on the final payments. 12 May 2020. 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.

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