The fund, announced by President Cyril Ramaphosa in 2020, may have helped protect the fiscus from a long-term debt crisis
Among state-owned entities, the beleaguered power utility is far and away the biggest risk to the public purse
Mining windfall helped SA’s financial position, but lower revenues and additional spending will delay the end of fiscal consolidation
The currency, which is usually a bellwether for other emerging markets, has diverged from global trends – thanks in large part to
the energy crisis
Companies are withholding investment – despite the commodity boom’s bounty – in the face of constraints to exports and exploration
Logistical constraints caused production to fall 6% in 2022, according to the mining industry employer organisation
Economy hitting geopolitical tensions, pressure on consumers and load-shedding will likely stick around
The industrial action is the latest in a series of economy-hitting upsets for the state logistics company
The company’s earnings have soar given the energy crunch caused by Russia’s war on Ukraine — and it’s betting on another fossil fuel to carry it into the future
Enoch Godongwana is currently seized with preparations for the medium-term budget, which will give details on whether fiscal stability is still possible
South Africa’s fate is tied to China’s, but war-related disruptions in the global energy market keep exports going
The mine’s two largest unions have accused it of being the ‘worst employer among workers’ and are threatening a secondary strike.