South Africa used a revenue windfall to cut corporate taxes to revive a coronavirus-ravaged economy and set more ambitious targets to reduce debt and fiscal deficits.
Browsing: Enoch Godongwana
Eskom is considering selling distribution assets as prospects of the government taking over about half of its R392-billion obligations dim, sources said.
Government is considering taking over part or all of Eskom’s R392-billion in debt, the International Monetary Fund has disclosed.
South Africa is readying a mandatory vaccine policy and is set to implement it early next year, a senior labour union official said.
Cabinet has decided to scrap the electronic tolling of Gauteng’s freeways, Moneyweb reported on Monday, citing transport minister Fikile Mbalula.
South Africa will soon agree on a comprehensive, unified approach to turning around Eskom, according to the public enterprises minister.
After years of wrangling, South Africa appears no closer to finalising a plan to cut Eskom’s R402-billion of debt to more sustainable levels.
Government has once again failed to make any pronouncement on the future of the controversial e-tolls scheme in Gauteng.
Key government ministers have reached a broad agreement to sell some of Eskom’s coal-fired power plants to help reduce its debt burden, finance minister Enoch Godongwana said.
Enoch Godongwana says topping his “to-do list” to bolster economic growth includes reforming the country’s electricity supply and assigning spectrum.