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BUSINESS MAVERICK: No surprise as Eskom announces record lossEskom has announced a net financial loss of R21-billion, the highest reported by any single company in South Africa. The big problem was the amount spent on diesel to keep the lights on.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Apple Earnings: iPhone Maker Should Cut Prices DrasticallyStealthy or direct price cuts on iPhones have cushioned the blow for Apple Inc. It should go even further if it’s serious about changing its complexion.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Neanderthals Should Join Homo Sapiens on the Family TreeThe term “Homo sapiens” is no longer working that well. Neither is the closely related term, “modern humans,” used to describe us and fossils of long-dead people who looked something like us.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Sony CEO Demonstrates How to Manage a Shrinking IconThe Tokyo-based company’s shares rose after it reported a first-quarter profit that beat estimates on strong demand for its image sensors and improved profitability in its smartphone business. The stock climbed as much as 6.6%, the biggest intraday gain in more than two months.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: SA unemployment rate hits the highest level since the global financial crisisIn the second quarter of this year, South Africa's unemployment rate spiked to 29% from 27.6% in the first quarter, according to data released on Tuesday 30 July by Statistics South Africa. This was the highest level since 2008, when the economy was being battered by the global financial crisis. You know your economy is screwed when … Join the EFF and ANC. Lots of jobs there. As long as unions continue striking for massive increases and trashing and burning property no sane investor will do business in SA especially with our final junk status looming. Unemployment will rise even further. Proudly brought to you by ANC🤣🤣
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Peter Moyo’s battle with Old Mutual is far from overNow that a high court has ruled that Peter Moyo should be reinstated as CEO, he is still gunning for Old Mutual chairman Trevor Manuel and 12 board members. Moyo wants Manuel and the directors to be declared delinquent under the Companies Act. The board could be fired, which would thrust Old Mutual into a leadership crisis. He must squeeze their jemnandas Good news. Moyo is bad news. Lol you could have acknowledged that he won the case
Source: dailymaverick - 🏆 3. / 84 Read more »