Comair needs R1.2bn to survive; Phumelela rescue plan; Impala Platinum earnings jump 400%; US debt to exceed economy
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In today's news headlines:
* Comair will require up to R1.2bn of funding and will have to cut a fifth of its workforce to restart operations;
* The business rescue plan for Phumelela has been approved and its implementation will herald a new dawn for horseracing in South Africa;
* Impala Platinum’s annual earnings jumped by nearly 400% after higher metal prices and a weaker rand offset the impact of the Covid-19 pandemic; and
* US debt has reached its highest level compared to the size of the economy since World War II and is projected to exceed it next year, says BizNews partner Wall Street Journal. Learn more about your ad choices. Visit megaphone.fm/adchoices
* Comair will require up to R1.2bn of funding and will have to cut a fifth of its workforce to restart operations;
* The business rescue plan for Phumelela has been approved and its implementation will herald a new dawn for horseracing in South Africa;
* Impala Platinum’s annual earnings jumped by nearly 400% after higher metal prices and a weaker rand offset the impact of the Covid-19 pandemic; and
* US debt has reached its highest level compared to the size of the economy since World War II and is projected to exceed it next year, says BizNews partner Wall Street Journal. Learn more about your ad choices. Visit megaphone.fm/adchoices
