Soon after it began in 2011, South Africa’s renewable power programme became the world’s fastest-growing. Almost US$15bn poured into clean energy in seven years, financing everything from wind farms to solar towers. New
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MultiChoice admitted on Wednesday that “mistakes” were made in contractual negotiations with the formerly Gupta-owned 24-news channel ANN7 and that the agreement will be terminated when the deal expires in August 2018. The channel
The council of communications regulator Icasa has agreed that the broadcasting and telecommunications regulator will investigate a complaint lodged by the Democratic Alliance against MultiChoice about payments to
Deputy President Cyril Ramaphosa, who is next in line to lead the country, said the government currently can’t afford to build new nuclear power reactors. “We have to look at where the economy is – we have excess power and
The rand traded below R12/US$ on Wednesday for the first time since May 2015, extending a rally sparked by an improving domestic political environment and supported by global risk-on sentiment and the greenback’s retreat. The
Deputy President Cyril Ramaphosa said the authorities are intensifying their attack on pervasive corruption in the state and are having “positive” discussions with investors about the future of the economy. “The wheels of change are
South Africa appointed a new board at struggling utility Eskom, with Jabu Mabuza becoming chairman, and ordered a new permanent CEO to be named within three months. As well as the appointment of Telkom chairman Mabuza
Rubben Mohlaloga cannot serve as the new chairman of the council of communications regulator Icasa because he has been convicted of fraud, Democratic Alliance MP Phumzile Van Damme said on
South African prosecutors have moved to freeze R1.6bn of assets held by McKinsey & Co and a company linked to the Guptas, the first significant response to corruption allegations against the politically connected
The Hawks police unit has obtained an arrest warrant for at least one of the members of the politically connected Gupta family, City Press reported. The unit is now waiting for prosecutors at the National Prosecuting