Eskom wants government to absorb about R100-billion of debt as part of a rescue plan for the state-owned utility, according to a report, a move that will put further strain on already stretched state finances.
Browsing: Cyril Ramaphosa
It’s deja vu for South Africa as a chronic power deficit plunges large tracts of the country into darkness and casts a pall over the already struggling economy.
President Cyril Ramaphosa has announced major changes to his cabinet that will have a direct bearing on South Africa’s telecommunications and broadcasting industries.
President Cyril Ramaphosa may create a super ministry for economic policy as part of an overhaul of the nation’s executive, according to three people familiar with the matter.
Home affairs minister Malusi Gigaba has succumbed to pressure to quit after a court found he’d lied under oath and a compromising video of him was circulated on social media.
President Cyril Ramaphosa said his administration has placed economic growth and job creation at the top of its agenda, and it will ensure there is greater clarity about policy and land ownership rights.
Finding R50-billion for a stimulus package is the unenviable task facing finance minister Tito Mboweni in the mid-term budget – and he’s only two weeks into the job.
Scepticism is mounting that the alleged masterminds of South Africa’s biggest-ever embezzlement of state funds will ever be held to account.
A climate of fear and distrust prevails at Sars, which is dogged by low morale and a lack of investment in training and new technology, acting commissioner Mark Kingon said on Friday.
Government will move with haste to ensure that spectrum suitable for building 5G wireless broadband networks is released to operators and has vowed to avoid repeating the delays in licensing spectrum for 4G.