A plan to establish the world’s largest green energy financing initiative is being threshed out in South Africa.
Browsing: Cyril Ramaphosa
Eskom, labouring under R450-billion of debt, has sought advisers on how to implement a government bailout seven months after President Cyril Ramaphosa said the company would be reorganised.
South Africa is in a precarious state and urgent action is needed to stabilise its finances, according to former deputy finance minister Mcebisi Jonas, who will assume the role of MTN Group chairman in December.
There is a need to ensure broadband access for all in order to overcome social, economic and spatial inequality, finance minister Tito Mboweni said this week.
Government is intent on ensuring the embattled Eskom becomes a sustainable entity and will consult with its debt holders on any reorganisation, public enterprises minister Pravin Gordhan said.
MTN Group and Shoprite are among South African firms facing a backlash to xenophobic violence in their home country.
South Africa’s sixth blueprint in 25 years to boost economic growth and job creation may succeed where the previous ones have failed – by being less ambitious.
Government could decide that Eskom must sell some of its coal-fired power stations as part of the restructuring of the power utility, national treasury said.
Eskom, struggling with more than R440-billion in debt, has said it will take as long as three to five years to comply with the government’s plan to split the company into three separate units.
South Africa is caught up in the global hype of the so-called fourth Industrial Revolution. This is distracting it from the unfinished business of redressing inequality and creating the preconditions for an inclusive digital economy. By Alison Gillwald.