President Cyril Ramaphosa’s declaration of a state of disaster over the energy crisis resorts to a measure that resulted in massive squandering of public funds.
Browsing: Cyril Ramaphosa
The rand is headed for a fourth weekly loss versus the dollar. The currency’s underperformance is specific to South Africa.
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.
Consumers will face much higher prices unless the government urgently finds solutions to the power cuts that are crippling the economy, an industry group has warned.
South Africa’s electricity crisis is costing the economy as much as R899-million/day, according to central bank estimates.
A floating electricity price would help to alleviate the chronic shortage of power in South Africa.
South Africa’s biggest business group urged President Cyril Ramaphosa to use an upcoming cabinet reshuffle to improve government’s performance.
The government is considering declaring a national state of disaster as record power cuts cripple the economy.
Eskom is again looking for a chief executive. But running the utility surely ranks as the worst job in the global energy industry.