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Policy uncertainty index moves further into negative territory in the second quarter
Published: 26 Jun 24
The North West University (NWU) Business School’s Policy Uncertainty Index (PUI) moved further into negative territory in the second quarter, rising to 68.3 points, compared with 65.8 in the first quarter. This is, however, unsurprising given the uncertainty that weighed on business and market sentiment ahead of the national elections.
Matla power station Eskom reports arrest of copper cable thief at Matla
Published: 26 Jun 24
State-owned power utility Eskom has apprehended a suspected copper cable thief at the Matla power station after security officers discovered the individual during routine search duties. The incident, which took place on June 23, was reported to the Kriel police station, with the suspect now facing charges of theft and unlawful possession of about R4 000 worth of copper cable.
Bales of PET bottles for recycling Petco achieves 60% post-consumer PET recycling rate in 2023
Published: 26 Jun 24
Newly released audited data has shown that South Africa’s longest-standing producer responsibility organisation (PRO) Petco achieved a 64% collection and 60% recycling rate for polyethylene terephthalate (PET) beverage bottles placed on the market by its members last year. This exceeds the legislated 58% requirement for post-consumer PET recycling.
Airbus releases updated guidance for this year, signalling fewer deliveries and lower earnings
Published: 25 Jun 24
Europe-based global major aerospace group Airbus has released updated guidance for its expected performance for the rest of this year. Its previous guidance for the year had been issued in late April. The new guidance downscaled the group’s expected performance for this year, both in financial and delivery terms. This was because of issues with certain of the group’s space programmes, and challenges in the supply chain for its commercial airline business.
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