Ceva top creditor as shoe company goes bust, hit by e-commerce boom
The bankruptcy of a shoe company in the US has revealed an interesting snapshot of ...
South African Airways has denied reports it is considering selling its cargo arm, owing to its troubled financial situation. According to City Press, a report recently presented to the board noted that although the cargo division had made a profit of $27m, it needed some serious investment to upgrade outdated facilities and processes. The report was said to suggest there was a preferred option of outsourcing it to a third party. However, an airline spokesman told ATW it still had financial guarantees available and other options on the table.
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