The South African Transport and Allied Workers Union has made allegations of procurement and recruitment irregularities at the state-owned entity
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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
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The National Prosecuting Authority is ready to act on state capture crimes but whether it has the ability to do so has been questioned
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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
The money will go towards clearing the airline’s historic debt and may not be the last downpayment
Load-shedding and a drastic decline in rail and port capacity have cost mining billions, but there are massive opportunities waiting to be seized
Companies are withholding investment – despite the commodity boom’s bounty – in the face of constraints to exports and exploration
Chief executive has recently come to blows with the Minerals Council South Africa, which called for her axing in a leaked letter
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Ramaphosa calls on the private sector and labour to work with Transnet and the government to fix escalating problems
According to the Minerals Council, logistical constraints induced by the railway’s setbacks have cost mining industry R51 billion in exports
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Logistical constraints caused production to fall 6% in 2022, according to the mining industry employer organisation
Obsessive consultation is a pronounced feature of Ramaphosa’s leadership style, however, it has done him – and the country – few favours
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The mining industry suffers when there are problems with electricity supply, infrastructure and transport
There’s not just one person to blame for decades of mismanagement of an electricity crisis that was made known some 25 years ago
Despite new management, problems that are costing the economy dearly continue to compound. Can the logistical behemoth turn the tide?
Private sector investment is needed to solve the country’s logistics problems but poor rail infrastructure will prevent this from happening
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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
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With a take-over of Eskom’s debt looming, the finance minister found no indulgence for other struggling parastatals
Inadequate rail capacity has pushed more trucks, and costs, onto municipal roads, which are steadily deteriorating
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Eskom, Transnet and the public sector wage bill will feature large in next week’s medium-term budget policy statement
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