The SA economy is expected to have contracted by 30.6% for the second quarter of the year, when lokdown was in full-force. B4SA, which represents a majority of SA businesses partnering in their response to Covid-19, has released a 12-point plan it says will accelerate economic recovery. It says the plan, together with policy interventions, could…
The Labour Appeal Court has ruled on whether it was unfair of the BRPs to propose retrenchments in the absence of a business rescue plan.The court has upheld a May judgment.Analysts have previously said this could have far-reaching implications.The Labour Appeal Court has handed down a key ruling affecting proposed retrenchments at South African Airways, dismissing…
A South African Airways aircraft on the apron of Frankfurt Airport in 2018. Silas Stein/picture alliance via Getty Images SAA business rescue practitioners have proposed a new rescue plan ahead of the creditors' vote next week. The plan proposes a better deal for employees, including financial support and training during a temporary lay-off scheme.However, the plan…
Dr. Anthony Fauci, the US's top infectious disease expert, said this week that the US is not headed in a positive direction when it comes to controlling the spread of the novel coronavirus."I think it's pretty obvious that we are not going in the right direction," Fauci, the head of the National Institute of Allergy…
An Edgars store in Johannesburg in March, 2020. 22 000 jobs are at stake if the rescue plan for Edcon does not work.Business rescue practitioners propose backdating and raising their fees from R1 750 to R4 500 per hour.SACTWU supports the rescue plan but says fees should have been clarified upfront.Fees charged by liquidators and…
Can't see the audio player? Listen on: The Host The Trump administration this week missed a deadline to nominate a new director for the Centers for Disease Control and Prevention. Without a nominee, current acting Director Jay Bhattacharya — who is also the director of the National Institutes of Health — has to give up
The whole concept of low-impact cardio exercises may sound like an oxymoron. After all, can you really jack up your heart rate without running or jumping? The answer is yes, absolutely! And we have a bunch of different bodyweight exercises (20, to be exact!) as proof. Low-impact cardio exercises can be a smart choice for
7 min read BASEBALL SEASON IS finally here, just in time for Anthony Eyanson to make his professional debut with the Red Sox. The 21-year-old already has a sizable reputation: After finishing third in Division I for strikeouts, he helped Louisiana State University clinch the national championship. He was also named First Team All-American in