Browsing: Nhlanhla Nene

Subdivide Eskom, DA urges

Finance minister Nhlanhla Nene should stop giving further financial lifelines to Eskom and restructure the embattled electricity provider, the Democratic Alliance said on Tuesday. “Bold

Eskom bailout inappropriate: Nene

Finance minister Nhlanhla Nene says Eskom must sort out its problems because they are hurting the economy, according to Monday’s Business Report. Nene told the publication government was not able to help Eskom with day-to-day and operational issues

Eskom 21 days from going broke

Power utility Eskom is 21 days from going broke, the minister of public enterprises has confirmed. “Eskom will run out of money by the end of January,” minister Lynne Brown said this week. Brown confirmed the “pressure on the company’s liquidity

Post Office strike ends

The strike at the South Africa Post Office has been suspended, the Communication Workers Union announced on Tuesday. “Over the past weekend, CWU engaged with workers through our regional and local leadership with workers

Post Office on the mend

Operations at the South African Post Office (Sapo) are improving as the number of employees returning to work increases, the entity said on Monday. “The number of Sapo employees that have heeded the call to return to work … has increased sharply,” said Simo Lushaba, head of the

Two unions accept Post Office deal

A wage agreement has been reached with two of three recognised unions at the South African Post Office, it said on Friday. The agreement would be effective from 1 December, said Simo Lushaba, head of the intervention team appointed by telecommunications and postal services minister Siyabonga Cwele

Eskom to pump R43m into Gupta breakfasts

Eskom interim CEO Collin Matjila has stirred controversy at the power utility over a R43m contract to sponsor The New Age’s (TNA) breakfast briefings, the Mail & Guardian reported on Friday. The new contract commits the cash-strapped power utility to sponsor around one TNA breakfast briefing

Cwele’s dep’t to get digital TV millions: DA

In his medium term budget policy statement, finance minister Nhlanhla Nene has allocated R620m in funding for broadcasting digital migration to the department of telecommunications and postal services and not to the department of communications

PIC to invest billions in Africa

The Public Investment Corporation (PIC) is to sink US$1bn into African investments and equities, according to finance minister Nhlanhla Nene. “The PIC will, in the new financial year, also focus on developmental investments in Africa, with a

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