Transnet has a turnaround plan to ease port and rail snarl-ups that have hamstrung the economy. It just needs money.
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Here’s who will benefit and lose from Wednesday’s medium-term budget policy statement.
President Cyril Ramaphosa reiterated that his administration wasn’t moving to privatise state-owned companies.
South Africa will name a new Eskom CEO by the end of the year, public enterprises minister Pravin Gordhan said.
South Africa has released a draft law that will facilitate the creation of a company to house Eskom, Transnet and other SOEs.
Government intends to shut down the department of public enterprises next year.
South Africa could dramatically boost economic growth if the country fixed problems at Eskom and Transnet, the IMF said.
Africa’s biggest harbour will be partly owned and operated by the Philippines’ International Container Terminal Services.
Instead of kowtowing to government, business should insist the state steps aside, the Free Market Foundation has argued.
Government expects private companies to add more than 4GW of electricity generation capacity to the grid by the end of 2024.