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Economy

Eskom’s Andre De Ruyter leaves with immediate effect after damning television interview about ANC corruption
Business
/ 23 February 2023

Eskom’s Andre De Ruyter leaves with immediate effect after damning television interview about ANC corruption

With the country in its 115th day of load-shedding, De Ruyter leaves with immediate effect after accusing the ANC of seeing Eskom as a “eating trough” in an explosive interview

By Ron Derby
Coal in SA’s energy mix until 2040s, Creecy tells mining indaba
Business
/ 8 February 2023

Coal in SA’s energy mix until 2040s, Creecy tells mining indaba

Coal still dominates the domestic energy mix, providing 81.4% of the total system load, according to the Council for Scientific and Industrial Research

By Anathi Madubela
Petrol and diesel prices going up from Wednesday
Business
/ 31 January 2023

Petrol and diesel prices going up from Wednesday

The reopening of the Chinese economy has prompted a large demand for oil, pushing domestic fuel prices higher

By Anathi Madubela
Editorial: Who is to blame for the Eskom crisis?
Editorial
/ 27 January 2023

Editorial: Who is to blame for the Eskom crisis?

There’s not just one person to blame for decades of mismanagement of an electricity crisis that was made known some 25 years ago

By Editorial
What businesses and chief executives are most afraid of in 2023
Business
/ 20 January 2023

What businesses and chief executives are most afraid of in 2023

Two reports reveal what bosses and businesses worldwide are most concerned about. In South Africa, Eskom and cyber risks are big concerns

By Athandiwe Saba
South Africa needs to free up flow of imports and exports to improve trade activity
Opinion
/ 17 January 2023

South Africa needs to free up flow of imports and exports to improve trade activity

The country must focus on increasing the use of existing production capacity and subsidising new and emerging industries

By Tanaka Chiguvare and Emma-Claire Hawyes
Zimbabwe’s middle-class economy ambitions a pipe dream
Africa
/ 15 January 2023

Zimbabwe’s middle-class economy ambitions a pipe dream

The state’s ambitions for the country to become a middle-class economy are throttled by blackouts, corruption and structural and policy problems

By Marko Phiri
Why Africa should look East
Opinion
/ 9 January 2023

Why Africa should look East

Carlos Lopes, the former executive secretary of the United Nations Economic Commission on Africa, makes his case in this interview with Sakiko Fukuda-Parr as to why Africa should take advice on development politics and knowledge from Asia.

By Sakiko Fukuda-Parr interviews Carlos Lopes
In poverty-stricken Zimbabwe, thieves target churches and priests
Africa
/ 4 January 2023

In poverty-stricken Zimbabwe, thieves target churches and priests

Congregation coffers attract desperate thieves as churches are known not to bank their donations

By Marko Phiri
More load-shedding means less tax revenue for the government
Opinion
/ 22 December 2022

More load-shedding means less tax revenue for the government

The increasing levels of load-shedding harms economic growth and the government’s ability to address the country’s pressing social needs

By Bernard Mofokeng and Nico Alberts
South Africa must get going on the just energy transition
Opinion
/ 19 December 2022

South Africa must get going on the just energy transition

The country needs to make this transition work, or risk losing up to 50% of its export value

By Joanne Yawitch
Transnet turns a new leaf, but there are many cracks in the system
Opinion
/ 15 December 2022

Transnet turns a new leaf, but there are many cracks in the system

Despite new management, problems that are costing the economy dearly continue to compound. Can the logistical behemoth turn the tide?

By Tshegofatso Mathe
Debt counselling inquiries jump by 30%
Business
/ 8 December 2022

Debt counselling inquiries jump by 30%

An increasing number of inquiries for debt counselling are from first-time home and car buyers who took advantage of low interest rates during Covid-19

By Anathi Madubela
World Cup fever can lead to more births, heart attacks and stock market fluctuations
Sport
/ 5 December 2022

World Cup fever can lead to more births, heart attacks and stock market fluctuations

The World Cup can trigger intense emotions in a way that no other sporting mega-event can

By Raj Persaud
Unemployment retreats for the third quarter
Business
/ 29 November 2022

Unemployment retreats for the third quarter

Statistics South Africa says 204 000 jobs were gained between the second quarter and the third quarter of 2022

By Sarah Smit
Killings raise gender violence concerns in Zimbabwe
Africa
/ 14 November 2022

Killings raise gender violence concerns in Zimbabwe

As the economic crisis worsens mental health professionals see a parallel rise in domestic violence

By Marko Phiri
A deficit spending scam destroyed Liz Truss, UK’s prime minister. Who is next?
Opinion
/ 7 November 2022

A deficit spending scam destroyed Liz Truss, UK’s prime minister. Who is next?

UK governments borrow money for deficit spending from corporations and the rich. But the very beneficiaries of the tax cuts Truss proposed were these ‘investors’, who baulked

By Richard D Wolff
Eskom’s new board under the whip
Business
/ 28 October 2022

Eskom’s new board under the whip

Eskom’s new board faces the reality that the utility’s problems far outweigh the board’s solutions to achieve a 75% energy availability

By Mandisa Makgakga
Medium-term budget elicits mixed feelings
Business
/ 27 October 2022

Medium-term budget elicits mixed feelings

The medium-term budget policy statement has received criticism and praise from civil society

By Anathi Madubela
Instead of focusing on economic growth, ANC leaders are fighting for positions — Mcebisi Jonas
Politics
/ 22 October 2022

Instead of focusing on economic growth, ANC leaders are fighting for positions — Mcebisi Jonas

The former deputy finance minister has offered a stinging analysis of the electoral bill, calling it constitutionally flawed

By Lizeka Tandwa
South Africa’s ANC, like the Tories, rides the ‘tiger’ of populism
Editorial
/ 21 October 2022

South Africa’s ANC, like the Tories, rides the ‘tiger’ of populism

Drunk on hubris, the UK’s Tory party has followed a populist path to instability. The ANC and its opposition peers follow a similar path

By Editorial
State’s developmental role puts procurement at the centre of the economy
Opinion
/ 17 October 2022

State’s developmental role puts procurement at the centre of the economy

To ensure efficiency the public procurement system need to be streamlined, using sound technical processes and tools to improve procedures

By Percy Letwaba
How Africa’s young entrepreneurs are changing fortunes in tough times
Opinion
/ 17 October 2022

How Africa’s young entrepreneurs are changing fortunes in tough times

From technology startups to innovations in industries such as agriculture and transport, they are creating jobs and opportunities for themselves and their peers

By Didi Onwu
South Africans, don’t agonise, take action
Opinion
/ 14 October 2022

South Africans, don’t agonise, take action

If we want a better country then we need to stop spouting slogans, organise and work together

By Tessa Dooms
The COP of no return: Climate change conference in Egypt gives hope
Opinion
/ 14 October 2022

The COP of no return: Climate change conference in Egypt gives hope

The world must use the United Nations Climate Change Conference to inspire an approach to mitigation and adaptation that is based on trust, justice and equity

By Sameh Shoukry
South Africans must up their game against cybercrime
Opinion
/ 12 October 2022

South Africans must up their game against cybercrime

In 2021, South Africa had the third-highest number of cybercrime victims worldwide and it cost the economy R2.2-billion a year

By Moss Gondwe
Eskom’s dalliance with blackouts down to the “hubris” of Ramaphosa’s ANC
Editorial
/ 23 September 2022

Eskom’s dalliance with blackouts down to the “hubris” of Ramaphosa’s ANC

Capital markets are no longer falling over themselves to fund our electricity generation, but South Africa’s leaders should have acted with urgency years ago

By Editorial
South Africa’s economic expansion will be driven by consistency in quarterly economic performances
Opinion
/ 12 September 2022

South Africa’s economic expansion will be driven by consistency in quarterly economic performances

An increase in foreign direct investment could be the way to unlock economic opportunity

By James Maposa
Editorial: South Africa’s inertia on finding solution to Eskom will bite even more
Editorial
/ 8 September 2022

Editorial: South Africa’s inertia on finding solution to Eskom will bite even more

Solving our electricity crisis is set to become more difficult as the world now faces power shortages. We aren’t the only game in town

By Editorial
Behind the ‘economic policy’ façade, it’s class war
Opinion
/ 31 August 2022

Behind the ‘economic policy’ façade, it’s class war

Inflation, that ‘problem’ torturing capitalist economies these days, offers us the first example of such policies

By Richard D Wolff
Inequality defines the nature of South Africa’s economy
Opinion
/ 19 August 2022

Inequality defines the nature of South Africa’s economy

This cannot be rectified without redistributing wealth and property – and therefore power

By Andile Zulu
It is time to topple the false gods of capitalism
Opinion
/ 15 August 2022

It is time to topple the false gods of capitalism

The market is the pillar of capitalist ideology, yet it is just another human institution invented and reinvented periodically across human history

By Richard D Wolff
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