While President Cyril Ramaphosa says power utility Eskom is considered too big to fail, S&P Global Ratings has a different view: it could be too big to support.
Browsing: Cyril Ramaphosa
While state-owned enterprises such as Eskom, SAA and the SABC continue to make headlines for all the wrong reasons, one (partially) state-owned company is doing quite well, thank you very much. By Duncan McLeod.
It isn’t difficult to find the main culprit behind South Africa’s biggest economic contraction in a decade: Eskom, the state-monopoly power provider.
South African Airways CEO Vuyani Jarana has quit the financially stricken state-owned company, citing a lack of funding and drop in government support for the carrier’s turnaround plan.
President Cyril Ramaphosa announced on Wednesday evening that he will keep Stella Ndabeni-Abrahams on as his minister of communications.
President Cyril Ramaphosa announced a new national executive on Wednesday evening. Here is the full list of the ministers and deputy ministers he named to serve in his administration.
Telkom CEO Sipho Maseko hopes to work with other industry players to present a plan to President Cyril Ramaphosa about how to deal with the challenge presented by the US’s blacklisting of China’s Huawei.
Eskom’s debt burden, described by Goldman Sachs Group as the biggest threat to the nation’s economy, has burgeoned, compounding the difficulty the government faces in formulating a turnaround plan.
President Cyril Ramaphosa has a formidable challenge: picking a cabinet that can dismantle a shadow state of corruption and revive the flagging economy.
President Cyril Ramaphosa has the full backing of the ANC to reduce the size of the cabinet after the elections, senior official Fikile Mbalula said.