France mulls Eskom aid; Loadshedding dents rand surge; Branson considers SAA stake

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In today's business headlines:

  • France is considering providing financial support to Eskom according to the Business Times.
  • British billionaire Richard Branson will look at buying a stake in South African Airways if he is approached.
  • Eskom has warned that the power system remains constrained and vulnerable and that any shift could lead to load shedding at short notice.
  • The Rand which has rallied last week to its firmest level in three weeks on the back of renewed hopes of a US-China trade deal slipped back after the nationwide electricity blackouts reignited worries about the economy.
  • London City traders have urged the United Kingdom and European exchanges to cut trading hours to improve work-life balance.
  • With calls on the government to get on with plans to get the economy going; the ANC met members of its alliance, the South African Communist Party, Cosatu and civic organisation SANCO yesterday to discuss the Treasury’s economic rescue plan; and
  • An earthbound jet known as the Bloodhound is on target to set a new land speed record in South Africa.

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