Govt revises contingency reserve to support cash-strapped SoEs. With State-owned entities (SoEs) posing very serious risks to the fiscal framework, Finance Minister Tito Mboweni on Wednesday said that National Treasury was “taking very serious steps to fix the fisc...

‘No quick fixes’, Mboweni warns as Eskom bail-out widens deficit. Finance Minister Tito Mboweni used his inaugural Budget address on Wednesday to outline the “tough steps” required to fix South Africa’s deteriorating fiscal position and the country’s failing State-ow...

69 billion rand in support for Eskom made conditional on restructuring. Finance Minister Tito Mboweni has turned down a proposal for 100-billion rand of Eskom’s debt to be transferred across to the National Treasury, but has instead announced 23-billion rand a year in financial as...

Nampak marks 50 years on JSE amid moves to streamline and reduce environmental footprint. Packaging group Nampak, which celebrated 50 years on the JSE on February 19, is a markedly different business from the one that has its roots in a cardboard box-making factory established by John Herzb...

Load-shedding 'extremely dangerous' to local auto sector, warns Naamsa chairperson. Load-shedding is “extremely dangerous” to the local automotive industry, says Toyota South Africa Motors (TSAM) president and CEO Andrew Kirby. Kirby is also chairperson of the National Association ...

Radebe says IRP to be finalised in March and promises to address IPP issues soon. Energy Minister Jeff Radebe listed the finalisation of the Integrated Resource Plan (IRP) for electricity as South Africa’s main energy priority and indicated on Tuesday that the policy should be appro...

Makhura envisages Gauteng as a 'single, multitier, mega-SEZ'. As Gauteng Premier David Makhura delivered his last State of the Province Address, on Monday, he envisaged a future wherein Gauteng would grow into a single, multitier, mega-special economic zone (SEZ)...

President Ramaphosa 'urgently' looking into e-tolls, says Makhura. Gauteng Premier David Makhura on Monday again assured residents in the province that the unwanted e-tolling system was receiving attention from national government. "While the user-pay principle is ...

Motsepe rejects Eskom conspiracy as ‘ridiculous’, but admits to ‘serious’ perception problem. Black business luminary Patrice Motsepe has labelled as “ridiculous” a recurring allegation that African Rainbow Energy & Power (AREP) is part of an unscrupulous plan to collapse Eskom and supplant the...

Hostile construction environment to persist until infrastructure spend recovers. Construction is a depressing place to be at the moment, says Hogan Lovells partner and construction head Clive Rumsey, citing the lack of large infrastructure projects, resulting from lacklustre econom...