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
The social development department has been allocated R35.7 billion to fund the extended social relief of distress grant
Fresh billions will allow the appointment of 15 000 police trainees and prosecutors with skill in bringing financial crimes to court
The finance minister said South Africa still needs to address shortcomings but hopes the sanctions will not be severe
The money will go towards clearing the airline’s historic debt and may not be the last downpayment
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
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
With the country’s economy on the brink, the president assured the nation that ending load-shedding is his government’s top priority
The ANC wants to push ahead with shifting Eskom to the mineral resources and energy ministry
Janet Yellen’s statements on energy come amid stage five load-shedding
First they blamed De Donker and De Donkerder, then Cyril, Pravin and the State Capture King and finally Old King Coal
We’re all crying out for a cabinet reshuffle – and Paul Mashatile for his West Wing office – but the post-conference presents will take time
Finance Minister Enoch Godongwana said ending blackouts is at the top of the government’s priorities as the country grapples with tough economic conditions
Economy hitting geopolitical tensions, pressure on consumers and load-shedding will likely stick around
Eskom debt down R5.5bn, but balance sheet pressure is high
The ANC’s reaction to the Zondo findings was a precursor of its attitude to the Ngcobo ‘Farmgate’ report
The department’s minister, Stella Ndabeni-Abrahams, said small businesses are expected to propel economic growth
The minister said there may be different styles depending on the candidates, but the party’s policies will not waver
The power utility can no longer pay its suppliers but a short-term solution is in place while the treasury comes up with a payment solution
The government has tried to exploit negative sentiment towards public sector workers, but siding with the employer may be even more difficult
Economist don’t expect an upgrade anytime soon, but the country is in a better position to claw back its investment grade rating
Five years is a long time, especially in politics, something
the Kroonstad Crooner should have remembered
Labour has been on the receiving end of a failing economy’s onslaught, giving a business-friendly government the upper hand
Policymakers have been warned to remain disciplined as economies navigate headwinds — no matter how much it hurts
Critics of fiscal consolidation warned that spending cuts would harm an already fragile economy
The Reserve Bank governor has cautioned against ‘reckless’ fiscal and monetary policies amid global shocks
Fiscal consolidation is drawing to a close as the public purse was boosted by commodities, but the treasury will probably continue exercising restraint
A healthier public purse could signal better days ahead, but a lot remains to be seen
The minister’s medium-term budget policy statement had to balance the fiscal risk of state-owned entities and the threat their collapse posed for the economy
The medium-term budget policy statement has received criticism and praise from civil society