Get more Mail & Guardian
Subscribe or Login

Thando Maeko

Too broke for Mboweni to budget

The scramble to find cash for an SAA bailout, Covid-19 grants and civil servants’ demands force postponement of mini-budget

Covid-19 puts Eskom’s integrated resource plan at risk

The economic effects of the pandemic could hamper the government’s initiative to procure new generation capacity

Beware the pension fund loan proposal

Industry professionals warn that, although well intentioned, the Bill to enable fund holders to get some of their savings before retiring can do harm

ArcelorMittal plans to retrench 2 500 workers

Africa’s largest steel producer announced in June it would begin the section 189 process after its initial cost-cutting measures were inadequate to insulate it from a weak economy and the economic effects of Covid-19

Workers get their slice of SA Express

Proposals for how to carve up ownership of the airline could mean that the government will no longer hog the whole pie

Renewables will light up the darkness

More than 11 800MW of new electricity capacity from independent power producers will come online in 2022, giving Eskom space to do more maintenance on its unreliable infrastructure

Further Reserve Bank repo rate cut unlikely this year

The central bank estimates that gross domestic product (GDP) to contract by 8.2% in 2020

SA Express employees in R250m crowdfunding bid to buy their airline

Amid the overnight, worldwide crash of the air travel industry, a group of retrenched SA Express employees have an ambitious plan to raise R250-million in seed funding to buy the cash-strapped airline.

Debt rises as virus eats paycheques

Heavily indebted, South Africans turn to loan sharks rather than banks for short-term relief, while business resists borrowing from banks due to economic uncertainty

Level one loading: Almost back to normal

President Cyril Ramaphosa announces South Africa will move to level one of lockdown on September 20 after nearly six months of restrictions on movement, trade, learning and socialising

SAA creditors get R9.3bn from government

The state-owned airline owes R16.4-billion to lenders and needs an additional R10.1-billion to fund the business rescue plan

Former iGas member accuses Gwede and CEF of interfering

Board members have quit the gas company, accusing the Central Energy Fund of poor governance, and the energy minister of overreach

Press Releases

×