After maintaining electricity supply for over 10 months, Eskom has reintroduced Stage 3 loadshedding due to unforeseen breakdowns and the need for extensive repairs. This return to load shedding comes alongside news of an upcoming 12.7% tariff hike approved by NERSA, highlighting ongoing challenges in balancing the utility's financial sustainability and consumer affordability.
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Sibanye-Stillwater is deviating from the traditional collective bargaining process in the South African gold sector by opting for independent wage negotiations. The company is pressing forward solo, following unsuccessful talks with labor unions, which marks a significant change in how wage negotiations have historically been handled. This move could set a new standard within the mining industry, potentially resulting in more individualized agreements as opposed to broad industry-wide arrangements.
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Danone has shifted part of its YoPro high-protein yogurt drinks production to its Bucharest plant in Romania. This strategic move aims to better serve Central Eastern European markets. The Bucharest facility will now produce YoPro drinks in Tetra Pak format for several countries, while other YoPro products continue to be produced in Spain and Poland.
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Aliko Dangote, president of the Dangote Group, has offered to sell the Dangote Refinery to the Nigerian National Petroleum Corporation. By doing so, he aims to ensure the refinery’s production of high-quality goods and job creation for Nigerians. This proposal comes as discussions about its management and benefits go on.
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