The majority of the relief comes in the form of incentives given to businesses and households investing in alternative energy
However, the treasury still expects the country to achieve a main budget surplus from this year onwards
The debt relief amounts to almost as much as the power utility has received in bailouts since 2008
South Africa’s economic crisis, which will be laid bare in next week’s unemployment data, has robbed us of far more than just jobs
The utility’s R400 billion debt has fed into the country’s 15-year energy crisis and low growth potential, which has been identified as a key credit weakness
One year on, the Kremlin’s impact appears to be retreating — but, amid uncertainty about the global economy’s growth trajectory, risks to inflation remain
The former Absa chief executive recently quit as head of the Presidential Climate Finance Task Team
The inflation rate fell for a third consecutive month, as petrol price cuts provided some welcome relief
The government has shown that it is willing to explore introducing a basic income grant, which would mark a big step towards achieving growth
Companies are withholding investment – despite the commodity boom’s bounty – in the face of constraints to exports and exploration