A nuclear build programme for South Africa doesn’t need to be funded by the fiscus. There are enough potential financiers who would be willing to take the risk, said Eskom CEO Brian Molefe on Wednesday
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The head of economic transformation in the ANC has backed finance minister Pravin Gordhan, saying charges relating to setting up an illicit tax surveillance unit are “concocted” and politically motivated
Deputy finance minister Mcebisi Jonas is “worried” about the impact of a perception that state institutions are being used to advance political agendas, saying the issue is a distraction to efforts to expand the economy. “Political behaviour does
As South African finance minister Pravin Gordhan tries to fend off a police investigation, his department is engaged in open conflict with key state-owned companies over their management and spending plans. Threatened court action by the national
Gupta-owned Oakbay Resources and Energy has averted being booted off the JSE by securing a new sponsor with effect from Thursday. This comes after the Guptas announced last Friday that they would sell all their shares in their South African businesses by the end
Denmark’s Jyske Bank became the second money manager to say it won’t lend to Eskom after the nation’s biggest specialist fixed-income manager said it had stopped extending credit to state-owned companies amid
Eskom CEO Brian Molefe said the only thing he has been captured by is South Africa’s constitution. He was responding to parliamentarians on Wednesday, who were questioning Eskom’s relationship with Gupta-owned coal mining company Tegeta
The third unit at Ingula Pumped Storage Scheme was brought into commercial operation on Tuesday, Eskom CEO Brian Molefe announced on Wednesday. Each unit adds 333MW of peak power to the grid, which is key in the
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Finance minister Pravin Gordhan has fired “the political equivalent of a bazooka” at Eskom CEO Brian Molefe, Democratic Alliance MP David Maynier said on Monday after national treasury issued a statement saying that the state-owned power