Tiso Blackstar faces tough trading conditions - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The company owns several media brands; including Business Day, The Sowetan and The Financial Mail. The publisher’s revenue has been hit hard by the changing landscape in news consumption.

The Information Communication Technology Union, ICTU, has accused Tiso Blackstar of negotiating in bad faith. Several employees have been picketing from Thursday demanding a 20% wage increase, better working conditions and compulsory bonuses. The union has accused Tiso Blackstar of racism and serving their members with Section 189 retrenchment notices without consultation. It says the company is pleading poverty whereas the executives are earning massive salaries.

In 2015, the share price was at R14.80 per share. It fell by 80% to R3 per share. Its revenue from the media business has been on a downward spiral. It declined by nearly 6% in the six months ending December 2018.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Political campaigning intensifies in KZN - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.You mean ANC campaign, cause that is all you are reporting while using our tax moneys.
Herkunft: SABC News Online - 🏆 32. / 51 Weiterlesen »

More traffic officers needed: Nzimande - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Transport Minister Blade Nzimande says more traffic officers are needed on the country's roads because of the growing number of cars using the thousands of kilometres of tarmac. We need honest traffic officers that abide to the law not to fill their pockets. Government should also be looking into license fraud, how many people on the road have bought their licenses?
Herkunft: SABC News Online - 🏆 32. / 51 Weiterlesen »

Police ready for elections: Cele - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
Herkunft: SABC News Online - 🏆 32. / 51 Weiterlesen »

Maimane celebrates Freedom Day - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Meanwhile his political handlers are just having a normal weekend reminiscing about the 'good' old days Good idea, we all need to respect this day DA is silent about free education and decolonisation of education.
Herkunft: SABC News Online - 🏆 32. / 51 Weiterlesen »

Sarah Baartman's project nearly complete - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The R165 million project at Hankey in the Eastern Cape that honours the memory of Sarah Baartman is nearly completed after a four-year delay.
Herkunft: SABC News Online - 🏆 32. / 51 Weiterlesen »

IEC ready for elections: Commissioner - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
Herkunft: SABC News Online - 🏆 32. / 51 Weiterlesen »