Privatisation is mooted as the utility’s proposed tariff hikes look set to put the squeeze on users. Lynley Donnelly reports.
Finance Minister Pravin Gordhan tightened his belt, chided the country’s critics and delivered a no-nonsense medium-term budget policy statement.
Spending on current items such as public sector wages put at risk the roll-out of the government’s infrastructure programme, economists have warned.
Statements by Public Enterprises Minister Malusi Gigaba at its annual general meeting this week have revealed a national airline beset by trouble.
South African Airways’s new chairperson Vuyisile Kona has a host of tough problems to sort out to get the ailing state-owned airline into the black.
The public may not love the South African National Roads Agency Limited (Sanral), but the auditor general has little bad to say about the company.
Initial investigations by the NCR have shown that 10 out of 12 credit providers inspected in Marikana may be guilty of reckless lending practices.
Former South African Airways CEO Khaya Ngqula’s lawyer has told the airline’s former chairperson Cheryl Carolus he intends to sue her for R40-million.
South Africa lacks the demand and infrastructure for the huge Mthombo plant at Coega, experts say. Lynley Donnelly reports.
The reasons for the sudden departure of the chairperson of SAA, Cheryl Carolus, and leading members of the board are still not clear.
Capitec Bank, the darling of the unsecured lending market, announced a R2.25billion rights issue, to fund growth in its loan book.
From boosting savings to reducing indebtedness, broader financial inclusion is needed in South Africa.
Proposed changes to the law governing the private security sector could threaten an industry with a R50-billion annual turnover.
An inner-city partnership has created a safe and clean environment that is paying big dividends.
South Africa is waiting anxiously to hear what Eskom’s latest round of tariff hikes will be.
Nine pages – that is all South Africa got after months of silence over hydraulic fracturing for shale gas in the Karoo.
But the tough penalties envisaged will do nothing to encourage meeting the targets, business claims.
Zimbabwe’s appeal for financial assistance puts South Africa in a position to make requests for political change in the cash-strapped country.
Cabinet has lifted the moratorium on exploring for shale gas in the Karoo, saying "fracking" may well be needed to solve SA’s energy woes.
Petrol prices could rise by another 20c/litre, despite a 93c/litre hike that kicked in on September 5.
The company has not proved to be the hungry giant the competition had feared and it will take more time to feel Walmart’s muscle.
The Industrial Development Corporation’s balance sheet looks relatively strong despite a rise in impairments.
What do many South African students and Barack Obama have in common? The answer is the weight of their student loan debt.
As SA moves to overhaul its financial sector regulatory framework, a major part of the process will be moves to treat customers with due care.
Not even the most ardent critics are holding out any hope that the moratorium on hydraulic fracturing, or fracking, in the Karoo will be extended.
Eskom has come clean in Parliament on the costs of building the giant Medupi and Kusile power stations.
Increased labour unrest in the face of stubborn unemployment levels was a key risk to South Africa’s economic outlook according to the IMF.
Opposition parties have slammed Economic Development Minister Ebrahim Patel for failing to give clarity on the implementation of a youth wage subsidy.
Labour productivity in SA is declining because of the power of bargaining councils and aspects of the country’s labour laws according to a new report.
The message from the national development plan, officially launched on Wednesday, is a simple one for such a complex, expansive document.
Tokyo Sexwale’s Mvelaphanda empire has shrunk to a single investment, fuelling belief that his campaign to be president is about to begin in earnest.
Unlike the ANC, the Democratic Alliance’s jobs and growth plan is a unified vision offered with one voice, writes Lynley Donnelly.