Metair operates various businesses under two verticals: energy storage and automotive components. As these names suggest, the group is basically in the business of manufacturing batteries and automotive components. It operates both domestically and globally.
After successfully navigating a tough Covid period in 2020 and recovering relatively well last year, Metair was hit by a perfect storm this year, as reflected in its latest reported interim results released in September...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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No money and no electricity: Maluti-a-Phofung in governance freefall as Eskom debt balloons | News24The Maluti-a-Phofung municipality in the Free State is on the brink of complete collapse, with neither money nor electricity. | JasonFelix JasonFelix BIG surprise! 😱 JasonFelix Good Sell it to your mates the Russians JasonFelix Zero given. Let them scrabble in the dust and dark.
Source: News24 - 🏆 4. / 80 Read more »
Ghana at high risk of debt distress, finance minister saysGhana will freeze the hiring of public and civil servants and extend a moratorium on government car purchases and non-essential travel in order to tackle a spiralling debt crisis, finance minister Ken Ofori-Atta said on Thursday.
Source: ReutersAfrica - 🏆 31. / 53 Read more »
Ghana plans VAT hike and debt swap to tackle worsening crisisGhana is at high risk of debt distress, finance minister Ken Ofori-Atta says in budget address Politicians do everything to make their voters poorer. Fire half of them then you don't need n hike in vat
Source: BDliveSA - 🏆 12. / 63 Read more »
Interest rates are up 325bps this year; how this affects your debtOn average, an increase of 25bps points adds R250 to the repayments on a R1m homeloan. Moneyweb interestrates So unaffordable right now When can we meet ? 😙 Do you also have a view of Savings account? My understanding is that the interest on Savings accounts also increases. That view would also be wonderful to see.
Source: Moneyweb - 🏆 5. / 77 Read more »
GP govt, residents may have to contribute to R12.9bn e-toll debt: MamaboloDuring his medium-term budget policy statement on Thursday, Mamabolo revealed that the province needs R12.9bn to settle its portion of the debt. Gauteng residents SHALL NOT pay for the abortive projects of the African National Curse (ANC)!!! Let ANC members personally pay for the mess their leaders make. We will NOT foot the bill again as with Eskom, SAA, Denel, PetroSA, SAXpress, PRASA, Transnet etc. Enough is enough!!! Gauteng residents did not request or agree to eTolls. So even though etolls were scrapped Gauteng residents still have to pay for a failed system allowed and set up by the Gauteng provincial gov.. Find the money yourselves or turn the gantries into something useful.. Don't expect the suffering public to pay!
Source: ewnupdates - 🏆 30. / 53 Read more »
Mamabolo seeks R12bn to settle Gauteng e-tolls debt | The CitizenThe pain of the etoll saga continue as the provincial government seeks all revenue streams to settle the whopping R12.9 billion bill. 💰 Read more here:
Source: TheCitizen_News - 🏆 6. / 75 Read more »