News
Fixing crippled SOEs comes second to politics
The government is facing potentially unpopular decisions needed to fix state companies. So far, it’s shied away from hard choices.
Browsing: Pravin Gordhan
Energy
Gordhan cracks the whip at Eskom: ‘We have to serve SA better’
Public enterprises minister Pravin Gordhan on Thursday announced immediate plans to put an end to the load shedding that has been a daily occurrence countrywide since 29 November.
Energy
Bloated Eskom facing looming ‘death spiral’
Bloated by debt, bled by corruption and battered by structurally declining sales, Eskom is facing what’s known in the industry as a “death spiral”.
Energy
Eskom is broke, and you’re going to pay the price
Eskom is locked into a permanent loss situation and revenue is structurally limited. Expenses have ballooned due to inefficiencies, and electricity tariffs are not cost-reflective.
News
Gordhan directly implicates Zuma in looting spree
Former finance minister Pravin Gordhan has directly implicated Jacob Zuma in being part of an orchestrated campaign to loot billions of rand in taxpayer funds during his almost nine-year tenure as president.
News
Looters must be punished: Gordhan
South Africa’s recovery from corruption at its state-owned companies requires thorough reform and punishing those responsible, according to public enterprises minister Pravin Gordhan.
Current affairs
Kingpins who looted SA may get off the hook
Scepticism is mounting that the alleged masterminds of South Africa’s biggest-ever embezzlement of state funds will ever be held to account.
Current affairs
How SA risked becoming a criminal enterprise under Jacob Zuma
For the past eight years, South Africa was heading down the road to being run as a criminal enterprise.
Ian Matthews
Eskom poses systemic risk to the SA economy
Eskom published a JSE stock exchange announcement earlier this week warning its bondholders that there may be more bad news relating to irregularities when it releases its financial results for the year ended
Current affairs
Eskom, unions in talk talks to end load shedding
Eskom and its labour unions have agreed to hold new negotiations over pay, the government said, ending protests at power plants that have caused disruptions to power supply. Public enterprises minister Pravin Gordhan