South Africa has no fiscal space left and must implement strong budget consolidation and state-owned company reforms to ensure its debt sustainability, the International Monetary Fund said.
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Eskom will resume cutting 2GW from the South African grid at 9am on Friday until 6am on Monday due to a shortage of generation capacity and depleted emergency resources.
In a pre-closing update ahead of the publication of the group’s interim financial results for six months to end-January 2020, EOH signalled that it’s slowly turning the corner, operationally at least.
MTN has pledged to invest $1.6-billion (R23.4-billion) to expand its operations in Nigeria after settling the latest major dispute with authorities in its most profitable market.
Eskom is gauging interest from companies to develop and build small modular reactors using so-called pebble-bed technology and supplying the fuel they would need.
Cosatu, a key ruling party ally, is pushing senior members of government to consider its proposals to rescue the state’s indebted power utility before next month’s budget.
Rolling blackouts will return to South Africa on Thursday evening, Eskom said in a statement. The stage-2 load shedding will take place between 9pm and 6am on Friday.
It’s not all doom and gloom at Cell C, apparently. The debt-laden mobile operator has managed to scrounge up the cash to renew its sponsorship of Sharks Rugby.
Communications minister Stella Ndabeni-Abrahams has appointed Basil Ford as administrator of Usaasa, the government agency charged with bridging the digital divide in South Africa.
Shares in the JSE-listed technology group plunged to levels last seen more than 10 years ago on Wednesday as investors continued to fret about its prospects.