Electricity pylons stand in Johannesburg, South Africa, 26 February 2009. EPA/JON HRUSA There has been much speculation in the media on the pending restructuring and unbundling of Eskom. It is expected that President Cyril Ramaphosa will be giving some direction in this regard in his state-of-the-nation address on Thursday. For more than a year, in…
With the palladium price more than $500/oz more expensive than platinum, which is trading at about $812/oz and no signs of palladium supply matching demand any time soon, autocatalyst makers are moving closer to substituting palladium with platinum, Muller said. There are no short-term levers to pull to increase palladium by any miners, particularly in…
GreenSpace will reap CAD1.8m from the deal and also royalties based on revenue Loss-making Canadian food manufacturer GreenSpace Brands is undergoing a strategic restructuring process which will include the disposal of its Rolling Meadow Dairy brand and a reduction in its headcount. Nine jobs are set to go as part of changes to the business…
The Australian-grown cosmetics empire Napoleon Perdis Group has gone into voluntary administration, putting jobs and 56 local stores at risk. Company directors had been trying to find a buyer for the makeup chain for months. The administrators Simon Cathro, Chris Cook and Ivan Glavas of Worrells Solvency Accountants will now consider a restructure or pursue…
Napolean Perdis directors attempted to sell the business for several months, prior to the appointment of administrators yesterday. The beauty brand regularly sponsored fashion showcases and once held concessions with David Jones. Worrells Solvency Accountants confirmed the business, helmed by Napolean Perdis, appointed administrators Simon Cathro, Chris Cook and Ivan Glavas on January 31. The…
Whisky sales in Korea have been on a continuous downturn over the past decade mainly due to changes in lifestyle of Koreans. The domestic sales of the spirit recorded some 1.49 million boxes (a box containing 500ml bottles) in 2018. Industry watchers attribute it to the reduced chances of get-togethers of company employees after the…
SAP restructuring to focus on cloud SAP CEO Bill McDermott (Image: SAP) German vendor follows suit as the big tech firms reorganise in transition to selling cloud software Print Print Pro … Read the full article at: https://www.techcentral.ie/sap-restructuring-to-focus-on-cloud/
Beauty business Napolean Perdis has appointed administrators, becoming the second national retailerthis month to fall victim to difficult market conditions. Simon Cathro, Chris Cook and Ivan Glavas of Worrells Solvency Accountants were appointed as administrators of the business on Thursday. All 56 of thecompanys stores will remain closed for stocktake today before re-opening tomorrow as…
SAP employees in Australia are facing an uncertain future with their employment after the business software giant announced it is cutting 4,400 jobs worldwide as part of its restructuring. In its quarterly markets statement, SAP revealed plans to reduce its global workforce as the company transitions from a traditional software delivery to a more cloud-based…
A consultant in restructuring and insolvency, Mr Felix E. Addo, has been appointed advisor to the National Investment Bank (NIB) to oversee the restructuring of the state-owned lender. The Bank of Ghana (BoG) announced the appointment of Mr Addo, who is the President of the Ghana Association of Restructuring and Insolvency Advisors (GARIA), in a…