Browsing: North America

How the African Aviation industry will perform in 2023

Aviation
  • Major African airlines have been hard hit since the Covid-19 pandemic struck.

  • This year is however expected to bring good tidings for the industry, albeit low profit margins.

  • IATA expects a return to profitability for the global airline industry in 2023, as airlines continue to cut losses stemming from the effects of the pandemic to their business in 2022. 

The global aviation industry is set for a bounce back this year as airlines navigate turbulence that has shaken the industry since 2020, threatening to bring down carriers in the market.

Major African airlines have been hard hit since the Covid-19 pandemic struck.

A report by the African Airlines Association (AFRAA) indicates the pandemic hit Africa’s aviation industry in 2021, resulting in an estimated $8.6 billion loss.

While the figure was less than the $10.21 billion loss recorded by the sector in 2020, it was still a 49.8 per cent decline …

Investing in distressed securities: The case of Sibanye Stillwater

Business

Since then the company has pursued a highly aggressive growth strategy constituting of both organic and acquisitive growth. Sibanye in a very short space of time acquired the Cooke operations from Gold One International in 2013 and the Burnstone project from Wits Gold the following year. The aim of this aggressive growth strategy was to produce more sustainable gold operations. 

The story of growth did not stop there. 

Soon the company set its sights on the platinum sector and began to snap up various interests and operations in that space. In 2016 Sibanye acquired the Aquarius Platinum’s Rustenburg operations namely Kroondal mine as well as the Platinum Mile treatment facility in South Africa and in Zimbabwe it took over the Mimosa joint venture with Impala Platinum. Later that year the company also bought the Rustenburg operations of Anglo Platinum.…

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