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Phakamani Hadebe had been in the role for a little over a year. (Delwyn Verasamy/M&G)

Hadebe tries to allay fears of job losses in internal Eskom memo

"One of the questions that I hear being asked most often, is: ‘Will I still have a job in this turnaround of Eskom?’," the memo from Hadebe read

The late Pravin Gordhan. (Oupa Nkosi)

Give SAA a year or two to recover — Gordhan

Privatisation is not on the agenda the minister says

Parliament’s oversight committee on communications was briefed on Tuesday on progress the SABC has made on its turnaround strategy. (Delwyn Verasamy/M&G)

SABC risks factual insolvency by end of March, Parliament hears

Factual, or technical insolvency occurs when a company’s liabilities exceed its assets

Radebe: “It is true that coal jobs are at risk in South Africa, but this is not as a result of the renewable energy independent power producer programme.” (Katherine Muick-Mere/Sunday Times/Gallo Images)

Renewables aren’t causing job losses in coal sector — Radebe

​Coal is still very much part of South Africa’s energy mix, given the abundance of the mineral, Energy Minister Jeff Radebe has said

“The total amount spent by the competition commission on the market inquiry into the private healthcare sector since its establishment in 2013 amounts to R196 949 637,” Patel said in the written reply. (David Harrison/M&G)

Private healthcare market inquiry cost R196m – Patel

Public hearings took place in 2016, and the commission received written reports and feedback from 175 stakeholders

The suspended public protector told him she would pleased if the probe into the scam delivered no adverse findings, Reginald Ndou tells inquiry.

ConCourt to hear Public Protector appeal on Bankorp costs ruling

The case relates to an earlier court case which followed a report which Mkhwebane released in June 2017

Analysts were unanimous about land reform having limited impact on any decision S&P would make. (Paul Botes/M&G)

Land reform unlikely to influence S&P ratings decision — analysts

S&P would likely wait for the next budget, when there is more clarity on the fiscal position before taking a decision

Finance Minister Tito Mboweni said he had hoped for a different outcome, but acknowledged the rating action by Moody’s with a heavy heart. (Reuters)

‘Weak state entities a risk to SA’s credit rating’ — Moody’s

An upgrade would be possible through the implementation of structural reforms to raise growth

Bernard Agulhas, the CEO of the IRBA. (Daylin Paul/The Times)

Lack of funding limits probes into auditors, MPs told

IRBA cannot afford to hire more investigators

(Siphiwe Sibeko/Reuters)

Minerals Council to engage with Mantashe over ‘unresolved issues’ in Mining Charter

The council issued its responses to the policy, which was gazetted by Minerals Resources Minister Gwede Mantashe last week

Fitch said the president’s announcement did not change its growth forecast for SA of 0.7% for 2018 and 2.1% for 2019. (David Harrison/M&G)

Ramaphosa’s stimulus plan unlikely to boost growth significantly — Fitch Ratings

The ratings agency also flagged the recent rand depreciation as something which could complicate policy meant to tackle low GDP growth

“If anyone is looking for a good lawyer, I would strongly suggest that you don’t retain the services of Michael Cohen!” US President Donald Trump wrote. (Reuters)

Gordhan: Eskom should be allowed to compete in the renewable space

‘There’s no reason, if the coal side of the business begins to decline slowly, that Eskom shouldn’t be a supplier of renewable energy as well’

Without having clear decisions from government regarding the future of e-tolls, Sanral is finding it difficult to go to the market to borrow funds to finance it. (Gallo Images)

Sanral bears brunt of lack of government clarity on e-tolls

It has emerged that Sanral struggled to raise the R20.6-billion budgeted e-toll revenue

“We overly relied on the audited financial statements [of VBS],” said Kuben Naidoo.

Reserve Bank: Auditors were part of the VBS Mutual Bank conspiracy

The South African Reserve Bank’s deputy says the bank’s audited financial statements were not reliable

(SA Express/Website)

Gordhan: SA Express flights to take off next week

Gordhan said that the airline plans to initiate two routes next week and possibly add more routes on a weekly basis

MTN has repatriated approximately €88-million from MTN Irancell.

MTN shares slide 6% on lower earnings, Iran sanctions

CEO Rob Shuter says the group had an encouraging first half, with improved operational performance across its markets

Mzwanele Manyi

Manyi files for liquidation of Afro Voice

The negative perception of its previous owners, the Guptas, persisted which also negatively impacted the company’s financials, Manyi explained

Eskom (Madelene Cronje)

Eskom wage talks: Unions want meeting with Nene, Gordhan

Eskom spokesperson Khulu Phasiwe confirmed on Wednesday morning that the unions decided to take Eskom’s proposal to the ministers

South Africa needs a specialised, independent and well-resourced body to investigate illicit trading. The call was made at a panel discussion hosted by the Consumer Goods Council of South Africa.

Illicit tobacco trade a threat to jobs — union

‘What is disturbing is that our government, Sars in particular, moves very slowly when it comes to taking action against illicit traders’

Narendra Modi (Reuters)

Fuel price hike: Consumers brace for higher food, transport costs

The cost of producing and transporting agricultural crops will come under pressure, as 80% of grain is transported by road