President Cyril Ramaphosa has signalled he doesn’t back a proposal from the struggling state-owned power utility for the government to assume a large portion of its debt.
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President Cyril Ramaphosa has accepted the resignations of four board members of the financially distressed SABC, placing pressure on parliament to appoint replacements on an urgent basis.
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.
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.