Ron Derby

Budget 2022: Finance minister calls on Eskom to sell assets to solve its debt issues

The finance minister says Eskom’s debt problem may require some ‘fiscal intervention’, but only if certain conditions have been met by the parastatal led by André de Ruyter

A hopeful budget as ‘fiscal consolidation’ comes to an end and South Africa’s prospects improve significantly

Enoch Godongwana says he is a far less panicked finance minister on signs the tide is changing for South Africa

South Africa is not a failed state, but we’re fragile

With South Africa on the fiscal precipice, the president needs to take hard decisions instead of focussing on re-election

Editorial: The West dithers, but South Africa has to take some responsibility for this wave

We can’t bury our heads in the sand: there is no way to overcome the Covid-19 pandemic other than vaccination. South Africa — and the rest of Africa — still has a long way to go

Reshuffling the deck chairs at Eskom won’t solve load-shedding

Eskom has had 11 chief executives and countless board changes in 10 years, and its condition remains just as critical. Will another reshuffle make a difference?

What has the M&G has been up to?

Hello from the other side

Vaccine hesitancy is a real problem we need real answers to. Muzzling debate is not one of them

Vaccines save lives. But why don't we want to hear why people do not want to get the Covid-19 vaccine? It is important we get the right messaging across for us to achieve herd immunity.

This is who we may become …

This week’s looting under the guise of protests may not be a true reflection of us, but are a harbinger of a world to come

Telkom headline earnings fall 15,1%

South African fixed-line operator Telkom said on Monday first-half headline earnings per share fell 15,1% to 742,3 cents. Telkom said the reduction in earnings was due to a 4,8% decrease in operating profit to R7,313-billion rand, caused by a 13,8% increase in operating expenses and a 122,4% rise in finance charges.

Telkom says it is in talks with Vodafone and MTN

South Africa's Telkom said on Monday it was in talks with Britain's Vodafone and MTN, sparking talk it wants to sell its fixed-line business and its stake in cellphone operator Vodacom. Telkom gave no further details. Vodafone and MTN -- sub-Saharan Africa's biggest cellphone operator -- said separately the talks were at a ''very preliminary stage''.

SA stocks fall on global woes

South African markets reeled on Friday, caught up in a global flight from risky assets sparked by credit worries, with stocks falling nearly 4% and bonds sliding. ''Traders must be placed on suicide watch today [Friday], as the [stock] market is expected to bleed heavily during the day,'' said Efficient Research in a note.

Standard Bank secures approval for Nigeria merger

Africa's top banking group by assets, Standard Bank, has received approval to merge its Stanbic Nigeria unit with IBTC Chartered Bank, the firm said on Monday. Standard Bank said it had increased its offer price to 16 naira per share from 11,74 naira per IBTC share, valuing the offer at -million.

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