Author Lynley Donnelly

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Publishers call Post Office to account

The months of disarray at the South African Post Office (Sapo) has prompted a group of specialist magazine publishers to complain to the Independent Communications Authority of South Africa (Icasa) over what they see as a breach of the Post Office’s licence conditions. In addition, in a bid to protect their business plan

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HCI partnership ends in tears

The meeting, which was tightly packed into the eighth-floor boardroom of Hosken Consolidated Investments, left some minority shareholders unhappy over certain corporate governance issues and with lingering questions over

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Online peer lending could boost SMEs

Speaking in parliament recently, trade & industry minister Rob Davies complained that “developmental credit”, the kind used to start or sustain a small business, for example, “hardly features” in South Africa. Instead, in the wake of African Bank’s collapse, the focus has been on the evils

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Eskom warns of more load shedding

Eskom warned that load shedding may worsen this winter as the power utility battles with electricity outages caused by problems with its ageing infrastructure. Speaking at a joint meeting of parliament’s portfolio committees on energy and public enterprises

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Risk of even higher Eskom tariff hikes

The money Eskom is hoping to claw back from the National Energy Regulator of South Africa (Nersa), in an effort to plug its revenue shortfalls, could potentially mean as much as a 9% increase in electricity tariffs if it is approved. But the regulator has warned that any increase would be carefully weighed

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Eskom billions not enough

Although Eskom turned a R7bn profit according to its results released on Friday, the state-owned entity has warned this will not be sufficient to plug the R225bn revenue shortfall it faces over the next five years. The country, in the meantime, faces continued power constraints as the first unit of new power

In-depth

Challenge to banks as lending goes social

South Africans have been doing it for generations. Social lending, familiar to many in the form of groups like stokvels, has been a hallmark of how many people make do, outside of formal financial networks. Thanks to the Web however, social lending, also known as peer-to-peer (P2P) lending, has begun to take off in developed countries

In-depth

Crypto-currencies here to stay

No one is really sure who created it. Financial regulators, including our own Reserve Bank, do not like it. But its proponents believe it could revolutionise international monetary and payment systems, in the same way the Internet changed how the world communicates. It is Bitcoin, the virtual or crypto-currency that has gripped the imaginations of technophiles and

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Behind Dames’s departure at Eskom

Three short years at the helm. This is all it took for outgoing CEO Brian Dames to bring his decades-long career at national power utility Eskom to a close. Dames, who was appointed as CEO in 2010, and his erstwhile finance director Paul O’Flaherty, appointed in 2009, were the men brought

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Eskom powers headless into Medupi mess

The gap left by Eskom’s erstwhile finance director and head of capital projects, Paul O’Flaherty, looms large as the utility struggles over delays at its Medupi power station amid massive power constraints on the country. Despite his resignation, which was only officially announced in November but

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