Global Analysis from the European Perspective. Preparing for the world of tomorrow

South Africa’s Group Five to cut more jobs as losses swell

South African construction firm Group Five will cut more jobs as it seeks to trim loss-making divisions, it said on Tuesday, highlighting an industry-wide slump in its home market that has left many companies fighting for survival. South African construction companies have been hit hard in recent years as stagnant economic growth has hobbled public infrastructure spending, prompting some of them to file business rescues, similar to chapter 11 bankruptcy in the United States. Source Reuters

GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.

Yearly subscription: 10 issues for €225/$250
Renewal: €160/$175

The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.