Move comes six weeks after the Redmond, Washington-based technology giant told about 50 news production contractors they would not be kept on by MSN beyond June 30.
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B4SA has identified 12 key initiatives to accelerate economic recovery that could grow GDP by R1trln, generate 1.5 million jobs and increase tax revenues by R100bn a year.
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While more effort is usually applied to sales for commercial reasons, the reality is that they can be heavily impacted by external forces such as the Covid-19 lockdowns.
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Liquidation would have been particularly disastrous for the creditors as there would have been fewer assets for distribution and less packages for employees.
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UBS and Morgan Stanley are expected to organise the lucrative listing of Vodafone’s European towers unit - a deal that could value the entire business at up to $18 billion.
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South Africa’s biggest liquor makers have offered to help get people to drink less after the government banned the sale of alcohol for a second time this year, citing health concerns.
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SA faces the risk of further sovereign downgrades and a potential funding crisis, in perhaps the not too distant future following the bleak picture of government’s debt profile.
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