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SOUTH AFRICA: Mantashe calls out mining industry on planned retrenchments

JOHANNESBURG - Mineral Resources and Energy Gwede Mantashe this week launched a scathing criticism on plans by the mining industry to retrench more people in an economy that is barely growing.

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AUTO SALES: India Has 150 Million Drivers and Only 8,000 Want Electric Cars

Hyundai Motor Co. launched India’s first electric SUV this summer with a quirky TV commercial urging millennials to “Drive Into the Future.” A few months later, the automaker finds itself on a lonesome road.

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PGM PRODUCERS: Major shake-up at Zimplats…as management squabbles explode

  • Date: 05-10-19
  • Category: PGM PRODUCERS
  • Source: The Zimbabwean Mail

PLATINUM miner Zimplats has been seized with perennial management squabbles resulting in a major shake-up, that saw the demotion of some top managers, Zim Morning Post have learnt.

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SOUTH AFRICA: Fedusa slams Perx over retrenchments and proposed salary reductions

  • Date: 05-10-19
  • Category: SOUTH AFRICA
  • Source: Eye Witness News

JOHANNESBURG – The Federation of Unions of South Africa (Fedusa) has slammed telecommunications company Perx's plans to retrench over 400 workers it outsourced from Telkom over 15 months ago.

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ELECTRIC VEHICLES: Peugeot sees stronger-than-expect demand for electric 208, CEO says

GRANDOLA, Portugal – Peugeot had planned to build about 10 percent of its new 208 small car with battery power, but early demand for the EV -- called the e-208 -- suggests that figure may be much higher, the French automaker’s CEO said.

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ESKOM: Brexit-type clock ticks for Eskom

  • Date: 04-10-19
  • Category: ESKOM
  • Source: Mail and Guardian

The smart money is already leaving the country ahead of two looming dates on the economics calendar, a news agency reported this week.

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ELECTRIC VEHICLES: Billions to Disappear as Britain Goes Electric and Loses Fuel Taxes

Britain needs a new approach to taxing motorists as the move toward electrical vehicles threatens billions of pounds of government revenue, a think tank warned.

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AUTO PRODUCTION: Car Exports Are Racing to a Record in South Africa

Vehicle exports from South Africa, the continent’s largest automaker, could reach a record 140 billion rand ($9.25 billion) in 2019, partially offsetting a drop in domestic sales.

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