Moody’s currently has South Africa’s debt at Baa3 with a stable outlook, one notch above junk status
The finance minister’s budget was not well received in some quarters
Eskom gets R69-billion in additional funds for its restructuring plans but no debt relief deal
The former minister’s role in Gupta-owned Tegeta’s acquisition of the Optimum Coal Mine is to be closely probed by Zondo commission
Finance Minister Tito Mboweni is under pressure to bail out the state power utility Eskom — along with its $30-billion mountain of debt
Embattled power utility Eskom will be in the spotlight at the Zondo commission of inquiry into state capture on Wednesday
Finance minister faces an unprecedented task in delivering this year’s budget – given a deteriorating economic backdrop and an ongoing crisis at Eskom
While Eskom goes from one controversy to the next, the dissatisfaction of its workforce poses a real danger to Eskom’s ability to keep the lights on
Rescue plans will be detailed in the budget speech and the utility will be split into three state entities
The party must decide if politicised uncertainty and institutionalised ambiguity will be its end
We’re driving the collapse of our planet at an unprecedented scale, threatening human society. And little is being done about it
A perfect storm of factors has left Eskom operating on the edge and South Africans facing more power cuts in the coming weeks
Our readers write in about President Cyril Ramaphosa’s State of the Nation Address, citrus farming and job creation, and the state of Eskom
Tiep, snooze, doss, lala — or simply call it load-shedding, the visitation of Brian Molefe’s spirit
An earlier presentation by the department of public enterprises offered a grim diagnosis of Eskom’s future. It has since been corrected
The department outlined the financial and operational problems facing the utility, which began load-shedding on Monday
During the Sona debate, the public enterprises minister outlined the steps being taken to halt load-shedding
While opposition parties focused on the power cuts, ANC legislators stuck shining a spotlight on the positive aspects of Ramaphosa’s speech
But the board remains ‘uncomfortable’ with the stability of the power system
The power utility announced on Monday afternoon that load-shedding would move from stage 2 to stage 4 from 1pm
Ratings agency Moody’s has said that splitting Eskom into three entities may make the power utility’s cost structure more transparent
President Cyril Ramaphosa has committed to structural reforms in the energy sector
Breaking down President Cyril Ramaphosa’s State of the Nation Address
The pressure on Eskom bonds has eased and the rand has rallied but global events can reverse the gains
Corruption has gone too far in SA to be eradicated but other nations have used it to their advantage
But critical detail is still needed when it comes to plans to address the country’s economic challenges, starting with Eskom
Before President Ramaphosa begins his second State of the Nation address, senior M&G journalists unpack the challenges facing the president
Phakamani Hadebe told delegates at the Mining Indaba 2019 that Eskom is just ‘too big’
The debt-laden power utility is asking for a 15% annual tariff hike for three years
But the utility already has a debt burden of almost R420-billion
The utility is labouring under a debt burden of about R420-billion and its cash from operations is not enough to service its interest payments
The suggestion in the ANC’s election manifesto on prescribed assets has drawn fire