Browsing: Cyril Ramaphosa
President Cyril Ramaphosa’s state-of-the-nation address, delivered in parliament on Thursday evening, was the most technology-focused speech ever delivered by a South African head of state.
President Cyril Ramaphosa unveiled plans to revive the flagging economy and create jobs, including removing obstacles to investing and doing business, attracting more tourists and stepping up the fight against graft.
Recent evidence splashed across newspaper front pages and televised hearings about bribes and sweetheart deals suggest the rot runs far deeper than most people thought.
Eskom is facing a mounting repair bill at two new coal-fired power stations that are still under construction, compounding its already dire financial situation.
Government is pushing Eskom, the power utility with R419-billion in debt, to present a credible turnaround strategy before the 20 February budget presentation, a person familiar with the situation said.
Eskom expects to report a loss of more than R15-billion in the year to 31 March, a record for any state-owned company.