Business

Eskom claws back control over ‘critical’ procurement

The treasury's relaxation of procurement rules will allow the state utility to attend to its ageing power stations far quicke

Will business come to the table for Cyril to meet his 100-day promise?

Disagreements over a basic income grant, labour law reform and how to save the economy mean consensus is still far off. But trade-offs – and political shifts – will eventually have to be made for there to be any hope of real change

Energy transition from coal will cost jobs, Mantashe says

The ‘coal fundamentalist’ energy minister says more research on cleaner coal is needed

Commodity prices buoy South Africa amid China’s slow growth blow

South Africa’s fate is tied to China’s, but war-related disruptions in the global energy market keep exports going

Ramaphosa: Government working to cut red tape for registration of new power projects

Even as South Africa grapples with rolling blackouts, the president says there has been progress made in electricity generation by mining and other sectors

Mantashe sings praises of clean coal but warns it does not ‘fall from the sky’

The minister of mineral resources and energy has long defended South Africa’s continued use of coal

Eskom reintroduces stage two load-shedding, citing constrained system

Rolling blackouts are to last from 5pm until 10pm on Monday

Eskom’s head of generation quits amid load-shedding crisis

The state utility’s generation division is central to the country’s energy crisis as its ageing coal fleet has caused South Africans to put up with 15 years of intermittent load-shedding.

Mining indaba: Ten years after Marikana massacre, Anglo American step into ‘delicate’ wage negotiations

Platinum, new innovation, wage talks and Ramaphosa. A lot is happening in the mining world

Nigerian airlines suspend flights over soaring fuel prices

Nigerian airlines are to suspend all flights from Monday over rising jet fuel prices, an umbrella organisation of operators said on Saturday.

Government is reviewing Eskom board, says Gordhan

The power utility’s board and management need reinforcements to ready it for the future, the public enterprises minister said

African countries must put their houses in order to attract mining investment

The African Mining Indaba will look at ways to boost investor confidence through a stable regulatory environment and mining policies aligned with environmental, social and governance factors

Rand offers cold comfort amid global inflation storm

The rand has managed to withstand even the strongest global headwinds, but it is unlikely it will continue to hold steady in the wake of the Fed’s aggression

Eskom implements stage two load shedding

The power tility expects to return units to service over the next few days

Petrol price to decrease slightly from Wednesday

But the wholesale price of diesel and illuminating paraffin will go up

Bitcoin now legal currency in Central African Republic

A bill that made bitcoin legal tender alongside the Central African franc and legalised the use of cryptocurrencies has been unanimously adopted

‘Rampant corruption’ linked to McKinsey-Trillian transactions, says Zondo

Recommendations by the Zondo commission include investigation and possible criminal prosecution for Brian Molefe, Matshela Koko and Anoj Singh

Zondo recommends former Eskom executives Koko and Singh face criminal charges

The two, along with then minister of mineral resources Mosebenzi Zwane and former Eskom chief executive Brian Molefe, allegedly helped the Guptas buy Optimum coal mine using the power utility’s money
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