Everyone has different solutions, but they all agree that time is running out — and Eskom is the priority
The union federation says urgent, bold action is needed to keep the state-owned utility (and South Africa) going
The government has committed an additional R2-billion to the airline, but has yet to pay it out
LONG READ As the world was overtaken by upheaval last year, one photo emerging from the uprisings depicts a protestor bearing a promise: “Neoliberalism was born in Chile and will die in Chile.” Spilling over into the new year, the revolts in Chile, Lebanon, Iraq, Sudan, Hong Kong, Algeria, Uganda, France and elsewhere have led […]
The South African Reserve Bank’s monetary policy committee has unanimously decided to reduce the repo rate by 25 basis points, to 6.25%. This is the rate at which the bank lends money to other banks, which then lend it to people for things such as mortgages. The central bank revised the forecasted GDP growth for […]
The finance minister says despite the difficult fiscal environment, structural reforms are under way to put SA on a new growth path
The state’s wage bill has increased threefold over the past 14 years: it’s time we have a nuanced discussion about how to solve this conundrum
Citizens are cutting off their noses to spite their faces when they refuse to pay for certain public services – such as electricity
South Africa’s credit rating outlook is revised from stable to negative, but not downgraded to junk status at this stage
Finance Minister sees a reduced wage bill as a key reform to get the state’s finances back on track
Rather than wading into the economic rucks and mauls, we’ve been kicking for touch: buying time, instead of making game-winning yards
SA’s economic prospects have declined rapidly since Feburary, with Eskom being one of the biggest drains. It’s time for some difficult choices
Eskom and weaker growth play havoc on the public purse
Mboweni’s medium-term budget policy statement will likely make crisis management a focal point
The finance minister’s medium-term budget policy statement on Wednesday will be watched like it is the main event
The finance minister’s Powerpoint did not shy away from straight-talking — including taking aim at ministers and officials
There are competing ideas about how to save the power utility, but it is time for decisions
There’s a climate crisis. Eskom, whose plants burn carbon-producing coal, is in a financial crisis. It’s time to disrupt policy inertia
The treasury has mooted selling the utility’s coal-fired stations, but this doesn’t mean privatisation
SA Express passengers do not know if they will be able to fly to their destinations after the airline grounded all flights yesterday
SAICA CEO Freeman Nomvalo will head up team to help Eksom reorganise its operational and funding structures
The decision comes a day ahead of Eskom’s financial results announcement, which is expected to reveal record-breaking losses
The finance minister gave assurances that government will not interfere with the day to day running of the corporation
The additional R59-billion over two years for Eskom comes on top of slowing tax revenues and will require government to revise its funding plans
The additional fiscal support comes as Eskom is weighed down by debt and is expected to report losses of R20-billion in upcoming financial results
Political divisions have resurrected debate over whether it is fair to pay for Gauteng’s e-tolls through the fuel levy
With two years before the next local government election and an ANC in Gauteng already on notice, the stakes have never been higher.
The Reserve Bank governor says the mandate of the bank is constitutionally enshrined
Thursday’s joint statement supporting the SARB comes after new deputy finance minister David Masondo is quoted questioning current monetary policy
Presidents promises work on the troubled power utility, but the real work will be left to the next budget speech
A Greenpeace report outlines ways Eskom can adopt green technology and save itself financially
Its integrity commission has found that factional battles are harming the party’s ability to function