State capture is often cited as the the reason for the department’s ongoing failures, but its problems run far deeper
The GDP decline comes despite an improvement in energy generation during the quarter, suggesting logistical constraints and interest rates are choking the economy
R22.8 billion will be used to tackle urgent liquidity matters, such as settling maturity debt
Recently, there were 63 vessels at anchorage, of which 20 were awaiting a berth at the container terminal
The National Prosecuting Authority lives to fight another day after losing face in the first state capture trial
Finance Minister Enoch Godongwana has emphasised the need to address supply-side constraints, such as the country’s energy and logistics crises
Finance Minister Enoch Godongwana said he would resist the temptation to respond to the entity’s call for a cash injection through the media
The treasury is looking to enforce strict conditions on the power utility, which is viewed as a major risk to the country’s economic outlook
The state-owned logistics entity, plagued by R130 billion in debt and neglected infrastructure, has presented a turnaround plan to claw its way back to profitability
The public enterprises minister responds to coverage about his conduct at state firms
The government’s draft plan for the beleaguered port and rail operator advances the ideal of an entrepreneurial state
The NEC allegedly suggested that President Cyril Ramaphosa explore giving the electricity minister more powers at Eskom
The minister’s conduct was called into question during this week’s national working committee meeting, sources said
The 124-page Roadmap for the Freight Logistics System in South Africa sets out the path for expanded private investment in the country’s rail network
The minister’s leadership style is marred by micro-management and interference, according to industry leaders
Her resignation comes on the heels of that of group CEO Portia Derby and pressure from the board after the group’s R5.7 billion loss in the past financial year
Derby exits amid scathing reviews from organised business and, more recently, labour
The South African Transport and Allied Workers Union has made allegations of procurement and recruitment irregularities at the state-owned entity
The fund, announced by President Cyril Ramaphosa in 2020, may have helped protect the fiscus from a long-term debt crisis
eThekwini businesses have urged the minister to fire executive members of the board, saying they are responsible for service delivery failures at the port
The Special Investigation Unit wants to ‘pursue’ those who left to avoid accountability for their actions
Apart from seven cases before court, dozens more are under investigation, the minister told parliament
In addition to inflation and high interest rates, the real value of salaries declined by 2.9% in 2022 and are set to drop by 0.8% this year
The Special Investigating Unit told parliament that settlement agreements with various companies were in the pipeline
Public enterprises minister Pravin Gordhan said the company only achieving 26.3% of its targets was ‘unacceptable’
The corporatisation of SOEs has disempowered the South African public and benefited corporate power and private finance
The widening trade surplus is mainly a result of a notable decline in import value, not necessarily a growth in exports
There are no capitalist witches controlling policymakers to keep people poor. Politicians are responsible for a stuck economy
The two interventions have received major blowback with critics accusing the government of undermining public oversight
The National Prosecuting Authority is ready to act on state capture crimes but whether it has the ability to do so has been questioned
Our uncle in the load-shedding business sits on his couch and faces zero accountability
Terrifying example of how the poor functioning of state-owned enterprises – particularly Eskom and Transnet – have negatively impacted the mining sector