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Billboard in Freetown, Sierra Leone reads “Ebola, Survivors are our Heroes & Heroines. Stop The Stigma !!!”

Africa in brief: August 21 – 28

What’s been happening on the continent this week?

(John McCann/M&G)

Traditional universities must adapt or die

Covid-19 made obvious the need for universities to adopt fourth industrial revolution strategies

Still living large: Former Steinhoff chief executive Markus Jooste, who lives in a luxury home in Hermanus was in charge when the scandal happened. (Edrea du Toit/Rapport/Gallo Images)

Steinhoff relies on legal ‘fig leaf’

Journalists’ court case challenges corporates that hide behind legal ‘professional’ privilege’

The news leaves some 600 000 tourists stranded worldwide according to Thomas Cook.

Thomas Cook folds, sparking worldwide repatriation of tourists

As well as grounding its planes, Thomas Cook has been forced to shut travel agencies, leaving the group’s 22,000 global employees out of a job

Trump highlighted that “since the election

Who coughs up if your bank folds?

Authorities have come up with a plan to ensure customers of broken banks aren’t left in the lurch

You have to be rich to go bankrupt

Only the wealthy have the assets to afford the get-out-of-jail-free card, sequestration, and most South African’s can’t afford it.

Carmaker Saab files for bankruptcy

Saab Automobile has filed for bankruptcy, bringing to an end two years of efforts to rescue the iconic brand that manufactured cars for six decades.

Philadelphia orchestra files bankruptcy papers

The renowned Philadelphia Orchestra has officially filed for bankruptcy protection after falling victim to plunging ticket sales.

What’s in store for GM Africa?

GM Africa Operations will host a media conference on Monday, following GM’s filing for bankruptcy in the United States.

US to steer GM into bankruptcy, says report

The United States government is readying to steer General Motors into bankruptcy, according to a media report on Thursday.

GM reports $6-billion loss in first quarter

Troubled US carmaker giant General Motors on Thursday reported a net earnings loss of $6-billion in the first quarter.

GM bankruptcy unlikely to be swift or simple, experts warn

A government-steered bankruptcy of General Motors would likely not be swift or simple despite the best efforts of the US Treasury, analysts warn.

Brio toy trains head into buffers

The world’s leading maker of wooden toys, Brio, renowned for its colourful trains, is on the verge of bankruptcy, the company warned on Tuesday.