Banks urge Ramaphosa to put politics aside in fixing State firms. A lobby group representing South African banks urged President Cyril Ramaphosa to prioritise the country’s wider interests rather than securing votes for the ruling African National Congress if he is t...

Gordhan’s IPP renegotiation proposal triggers ‘breach of contract’ warnings. A report indicating that the South African government may seek to renegotiate power purchase agreements (PPAs) concluded with independent power producers (IPPs) in 2011 and 2012 is raising alarm bells ...

The future of e-tolls is a political decision, says Sanral’s Kannemeyer. The decision on the future of electronic tolling (e-tolls) in Gauteng is a political one, says South African National Roads Agency Limited (Sanral) engineering executive Louw Kannemeyer. Speaking at...

NUM seethes over lack of consultation on Eskom unbundling. The National Union of Mineworkers (NUM) has expressed deep unhappiness with the decision of President Cyril Ramaphosa to announce the unbundling of Eskom in the absence of any prior consultation with t...

Ramaphosa promises to correct lack of consultation with labour on Eskom unbundling. President Cyril Ramaphosa acknowledged on Thursday that there had been insufficient consultation with labour on government’s plan to unbundle Eskom into three separate companies, but he also stressed t...

Survey still points to stifled trade environment in 2019 – Sacci. Seventy per cent of respondents to the South African Chamber of Commerce and Industry’s (Sacci’s) trade conditions survey for January were negative about trade conditions. The Trade Activity Index (...

2019 Budget will present South Africa with ‘a path of hope’ – PwC. With Finance Minister Tito Mboweni scheduled to deliver the 2019 Budget Speech, in Cape Town, on February 20, expectations are high as the country waits to hear how he plans to balance competing expend...

Shifting 100 billion rand in Eskom debt to government will have ‘dire’ economic consequences. Amid confirmation that Eskom is technically insolvent and will require a capital injection by April to remain a going concern, a leading economist is cautioning against the proposed transfer of R100-bi...

Battle lines drawn as opposition parties contest Ramaphosa’s Eskom unbundling plan. The future structure of South Africa’s debt-laden electricity producer Eskom emerged as the central topic during the debate on President Cyril Ramaphosa’s February 7 State of the Nation Address (SONA),...

Marginal decrease in South Africa’s unemployment rate. South Africa’s official unemployment rate decreased marginally by 0.4% to 27.1% in the final three months of 2018, Statistics South Africa (Stats SA) reported on Tuesday. The Quarterly Labour Force ...