Investors welcomed plans by government to take on 60% of Eskom’s debt over the next three years.
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Eskom CEO André de Ruyter will depart as CEO of Eskom with immediate effect after he slammed the ANC and its “embarrassing”, Soviet-era ideology in a media interview.
Government plans to take on more than half of Eskom’s debt burden over the next three years to help strengthen its balance sheet, operations and enable it to restructure.
Finance minister Enoch Godongwana faces the task of incorporating a credible debt-relief plan for Eskom in the national budget while stabilising government finances.
South Africa could face protests similar to those that toppled governments in Tunisia and Egypt in 2011, the head of a leading business lobby group warned.
President Cyril Ramaphosa has defended his plans to appoint a minister of electricity in his office.
Promoted | MetroWired’s Communities Wi-Fi programme directly addresses South Africa’s digital divide by encouraging an inclusive digital society in the 4IR era.
President Cyril Ramaphosa has declared a national state of disaster over South Africa’s crippling power shortages, saying they posed an existential threat to the economy.
President Cyril Ramaphosa will deliver his seventh state of the nation address on Thursday at a parlous juncture in his tenure.
South Africa’s biggest business group urged President Cyril Ramaphosa to use an upcoming cabinet reshuffle to improve government’s performance.