Browsing: Peter Attard Montalto

Can Gordhan pull a rabbit out of the hat?

By

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

SA the big loser as Zuma goes for broke

By

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

Zuma under fire as ANC bleeds support

By

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

Zuma’s nuclear dream could be derailed

By

While countries vying for South Africa’s 9,6GW nuclear procurement programme talk shop at a conference outside Pretoria, events down the road could put President Jacob Zuma’s dream of nuclear in a precarious position. Deputy finance minister

Nuclear energy plan likely to fail: analyst

By

South Africa is likely to fail in its quest to develop its nuclear energy capacity, according to emerging markets economist Peter Attard Montalto of Nomura. Montalto said that if the 9,6GW nuclear procurement programme does see the light of day, it will be a “slimmed down programme spread

Rand collapses after Zuma fires Nene

By

The rand tanked to its lowest level yet against major currencies on Wednesday evening, shortly after President Jacob Zuma removed Nhlanhla Nene as finance minister and replaced him with largely unknown David van Rooyen. By midnight, the rand was trading at

Blackouts batter SA’s economy

By

The shock of Eskom’s load shedding has finally hit home, even as the China and terms-of-trade shocks are only starting to build, said Nomura analyst and emerging markets economist Peter Attard Montalto. While Eskom has not enforced load shedding for the past 17

Eskom 21 days from going broke

By

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

Feel it: load shedding is nearly here

By

Both Eskom CEO Brian Dames and public enterprises minister Malusi Gigaba may have shied away from saying that load shedding is on its way, but analysts and people working in the industry believe it is a very real possibility, given that our electricity system is running with almost no reserves