Eskom warns of impact of rising municipal debt on its sustainability. Rising municipal debt, coupled with Eskom’s poor financial and operational performance, pose a systemic risk to the sustainability of the company, State-owned Eskom CFO Calib Cassim said during public ...

Vodacom’s strong international operations offset South Africa’s lagging performance. JSE-listed Vodacom’s international operations have boosted the group’s financial performance in the quarter ended December 31, 2018, after a dip in the South African operations. The group’s revenue ...

State capture commission will not be collapsed, says Ramaphosa. Government will not allow anyone to collapse the commission of inquiry into state capture, President Cyril Ramaphosa said on Wednesday. Addressing a media briefing at the World Economic Forum in Dav...

South Africa turning things around after 'decade of stagnation and paralysis' – Ramaphosa. President Cyril Ramaphosa said that after almost a decade of "economic stagnation and political paralysis", South Africa has begun to turn things around. Speaking at a press conference at the World ...

World Bank says Eskom restructuring should be coupled with comprehensive power market reform. World Bank country director Paul Noumba Um believes the South African government is moving in the “right direction” by pursuing discussions on possible debt relief for Eskom in conjunction with plans f...

World Bank says confidence not enough to lift South Africa’s growth prospects. The World Bank expects growth to pick up modestly in 2019 to 1.3% on the back of several “promising” policy announcements made by President Cyril Ramaphosa’s administration in 2018. It expects the econ...

MTN has paid $53m to settle Nigeria dispute – central bank. MTN has paid $53-million to settle a money transfer dispute with Nigeria's central bank and the matter has been withdrawn from court, Governor Godwin Emefiele said on Tuesday. The central bank had o...

South Africa says there is no Saudi proposal on Denel under consideration. The South African government is not considering any proposal from Saudi Arabia on taking a stake in struggling state arms company Denel, Public Enterprises Minister Pravin Gordhan said, after the Gulf ...

South Africa may double power purchases from Congo hydro plant. South Africa is mulling committing to doubling the amount of electricity it will buy from a proposed multibillion-dollar hydro power plant in the Democratic Republic of Congo. Increasing the amount ...

Armscor grants CEO special leave to prepare for State capture inquiry. Armaments Corporation of South Africa (Armscor) CEO Kevin Wakeford has requested special leave, after his name was mentioned during testimony before the Zondo Commission Inquiry into State Capture last...