South Africa has dropped proposals to boost supply from nuclear plants in its latest energy blueprint and will increasingly bring in renewable sources as it trims a reliance on coal.
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A member of the Gupta family offered former deputy finance minister Mcebisi Jonas R600-million to take the top ministry post and threatened to kill him if he spoke of the offer, Jonas told a judicial inquiry.
President Cyril Ramaphosa had hopes of lifting economic growth to 3% in 2018. Economists think that goal is even more unattainable than before.
Brace for hikes in the cost of gadgets and other technology items. The rand has weakened beyond R14/US$ for the first time since a credit downgrade in November.
South Africa’s biggest bank heist took place without a single shot being fired.
Standard Bank Group has allocated R10-billion to fund energy projects in South Africa as the continent’s largest lender by assets grows more confident in its home market and invests in riskier ventures.
Irregular spending at Eskom has swelled to R19.6-billion as South Africa’s state-owned power utility comes under pressure to restore its credibility and improve its finances.
The rand’s comeback against the dollar this month will run out of steam as US rates rise and the trade war between the world’s two biggest economies weighs on global growth, according to the most accurate
McKinsey & Co has apologised to South Africa again over how business was handled with state-owned Eskom, saying it overcharged the utility and was slow to admit wrongdoing. The consulting firm admitted
Eskom utility is considering asking for extensions on some debt and staff layoffs as it grapples with its finances after years of burning through funds, according to people familiar with the matter. The company