The additional R59-billion over two years for Eskom comes on top of slowing tax revenues and will require government to revise its funding plans
The additional fiscal support comes as Eskom is weighed down by debt and is expected to report losses of R20-billion in upcoming financial results
Political divisions have resurrected debate over whether it is fair to pay for Gauteng’s e-tolls through the fuel levy
Banks argue the Competition Tribunal has no power to call out foreign firms on cartel conduct
In a move that will bring some relief to consumers the South African Reserve Bank (SARB) cut its repo rate on Thursday to 6.5% The step was largely expected, particularly in light of weak local economic growth which is expected to keep inflation in check as well as moves towards easing monetary policy globally. It […]
The former PIC boss alludes to political interference in some of the state asset manager’s investments
But South Africa will have to adopt proactive policies to increase demand and manufacturing
Thursday’s joint statement supporting the SARB comes after new deputy finance minister David Masondo is quoted questioning current monetary policy
The Reserve Bank owns 50% of African Bank, the Public Investment Corporation owns 25% and a consortium of private banks own the remaining 25%
An investment firm has warned that requiring pension funds to put their money in specific assets would be bad for the SA economy