Sentiment in South Africa’s manufacturing industry fell to the lowest level in more than a decade in February as the prospect of continued power cuts weighed on confidence.
Browsing: Cyril Ramaphosa
Finance minister Tito Mboweni’s budget this week is unlikely to convince Moody’s Investors Service that he has a credible plan to rein in government debt.
South Africa must make progress on structural reforms before banks like Goldman Sachs Group can help draw foreign capital to the country.
South Africa’s Energy War Room, a grouping of the main cabinet ministers responsible for the power industry, will meet for the first time this week since being reconstituted by President Cyril Ramaphosa in December.
President Cyril Ramaphosa’s plans to overhaul the energy industry have some way to go before they provide answers to the nation’s crippling power shortages.
President Cyril Ramaphosa announced sweeping changes to the nation’s electricity industry to address energy shortages and reduce reliance on debt-stricken state power utility Eskom.
Cosatu said it won’t reach a pact with business on how to resolve the debt crisis at Eskom by the time President Cyril Ramaphosa gives his state-of-the-nation speech on Thursday.
Administrators for South Africa’s loss-making state airline have defended their decision to cut routes as part of a turnaround plan, after objections from President Cyril Ramaphosa, government and labour unions.
Proposals to reorganise the R454-billion owed by Eskom are days away from completion, according to an official who’s overseen their formulation.
The bold proposal by Cosatu to relieve Eskom of close to 60% of its debt using pension money may be presented by President Cyril Ramaphosa in next week’s state of the nation address.