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Tag: loss

Uber sets terms for IPO, posts $1bn first-quarter loss

Ride-hailing company Uber Technologies Inc is aiming for a valuation of up to $91.5 billion in its initial public offering, potentially the largest US listing in years and a test of...

Sleep deprivation costs SA economy billions

Terrible traffic and working too hard. Those are among the reasons South Africans say are killing their sleep patterns. And it’s not only leading to grumpiness and lower productivity, it’s also costing...

Deregulating fuel price could lead to massive job losses, Parliament told

Energy Minister Jeff Radebe and his top officials were in Parliament to explain what the government is doing to mitigate the effects of the fuel price.  The Energy Department says it doesn’t...

Steinhoff lost R80 million on the sale of its brand new company jet –...

Steinhoff on Friday afternoon released its interim results for the six months to end-March 2018. It suffered an operating loss of €152 million (R2.4 billion) and its revenue declined by 6% to...

Eskom – a dinosaur monopoly nearing extinction

Looking at the financials, Eskom is in serious trouble. It is in a death spiral with rising tariffs, leading to further drops in demand precipitating further tariff hikes. The end result...

LAST 7 DAYS

Expanding order books in Europe and South America

Condra’s subsidiaries in Bulgaria and Chile have secured orders for five cranes in recent weeks, with applications ranging from hydroelectric turbine maintenance to furnace...

Afrimat mines new seam

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