As the SAA business rescue demonstrates, we will not hesitate to do what it takes to return our SOEs to financial and operational health. By Cyril Ramaphosa.
Browsing: Cyril Ramaphosa
While the government pledged to name a new head of Eskom by the end of October, it’s missed repeated deadlines to act, evidence of how politically fraught the process has been.
National treasury wants to forge ahead with long-stalled plans to sell state assets to shore up the nation’s shaky finances despite opposition from other government departments and labour unions.
Eskom remains the single largest fiscal threat to South Africa. And despite many promises from the president, he is yet to release a restructuring plan or appoint a permanent CEO of the utility.
As South Africa enters its third day of blackouts, investors are still awaiting word from President Cyril Ramaphosa’s administration on how it’s going to fix the ailing state power company.