SARB starts process of selling African Bank stake . The South African Reserve Bank (SARB) has published a request for proposals (RFP) to appoint a transaction adviser relating to the future sale of its shareholding in JSE-listed African Bank.

SARB acq...

SoNA came at ‘crucial time’ says panel . The 2020 State of the Nation Address (SoNA) came at “a crucial time” for South Africa, which is faced with a stagnating economy defined by challenges such as lack of capacity in State-owned enterprises...

Metals, engineering sector set for ‘unremarkable’ growth this year . Last year was generally challenging for both the domestic and global economy, as weakening demand, manufacturing and trade and investment restrained progress, with extended negative implications for th...

Ramaphosa announces far-reaching actions to boost power generation ‘outside of Eskom’ . President Cyril Ramaphosa on Thursday announced far-reaching and practical interventions to address South Africa’s growth- and confidence-sapping electricity crisis, including several steps to “signifi...

GE’s gas power unit makes emergency-power submissions to DMRE . The newly created gas power unit of General Electric (GE) has confirmed that it has made both direct and indirect submissions to the Department of Mineral Resources and Energy (DMRE) in response to a r...

Eskom sets aside R400m for voluntary separation offer to senior employees . Debt-laden State-owned power utility Eskom confirmed on Thursday that it would be offering senior employees voluntary separation packages (VSP) during March and April in an effort to lower overhead cos...

Govt, SOEs urged to appreciate South Africa’s consulting engineers . Closing the infrastructure gap in South Africa is closely linked to infrastructure development on the rest of the continent, as it is to the creation of value chains that can advance Africa’s industria...

Power supply, SOEs central to organisations’ concerns leading up to SoNA . South African organisations are universal in their calling for President Cyril Ramaphosa to take decisive action around, particularly, South Africa’s constrained power supply, high employment and the s...

Solidarity to take GEPF, PIC to task should they use State pensions to fund Eskom . Solidarity has sent a letter of demand to the Government Employees Pension Fund (GEPF) and the Public Investment Corporation (PIC), requesting that the trustees and boards of these institutions not acc...