South Africa’s energy crisis eased as Eskom scrambled to repair broken plants and supplemented supply using gas turbines and pumped-storage facilities.
Browsing: Cyril Ramaphosa
President Cyril Ramaphosa cut short a trip abroad to deal with an escalating crisis at the state power company, as week-long blackouts threaten to tip the economy into recession.
South Africa’s state power company intensified rolling blackouts to a record, signalling a deepening crisis at the debt-ridden utility and raising the risk of a second recession in as many years.
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.
President Cyril Ramaphosa has reiterated that government’s attempts to reconfigure and split Eskom into three divisions is not aimed at privatising the embattled power utility.
Andre de Ruyter has been appointed as CEO of Eskom, the debt-strapped utility that provides about 95% of the nation’s electricity and poses the biggest threat to its economy.
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.
The Presidential Commission on the fourth Industrial Revolution has presented President Cyril Ramaphosa with its draft diagnostic report on the country’s 4IR plan and opportunities available to harness it.
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.
An economy stuck in the longest downward cycle since World War 2, chronic electricity shortages and soft business confidence – after 20 months running South Africa, patience is wearing thin with Cyril Ramaphosa.