Cosatu said it won’t reach a pact with business on how to resolve the debt crisis at Eskom by the time President Cyril Ramaphosa gives his state-of-the-nation speech on Thursday.
Government has spent months mostly talking about how to save the debt-stricken state power utility Eskom, spur economic growth and get its shaky finances back on track. Financial realities may force an end to the dithering.
Top South African businessmen called upon to help save ailing state-owned companies are abandoning their posts, frustrated by indecision and political interference.
South Africa will ramp up support for its ailing state-owned power utility Eskom with an additional R59-billion spread over two years.
Less than a week after the CEO of Eskom declared “the days of surprises are over”, documents show the government was forced to pay R5-billion in emergency funds so the utility could meet obligations.
Eskom expects to report a loss of more than R15-billion in the year to 31 March, a record for any state-owned company.
The top leadership of the ANC will discuss removing President Jacob Zuma from his post at a 26-28 May meeting, according to two senior party officials who will be in attendance
With his job on the line, fraud charges hanging over his head and university students rioting for free education, finance minister Pravin Gordhan’s resolve to maintain fiscal discipline and avoid a junk credit
Stung by his ruling party’s worst electoral performance since the end of apartheid, President Jacob Zuma is going for broke in a battle to maintain his grip on power. The first casualties have been the rand and
South African President Jacob Zuma will face renewed pressure to quit after partial election results showed his ANC losing outright control of the capital, Pretoria, and Johannesburg in its worst electoral showing since
