Underwhelming Chinese activity data knock sentiment
Support for legislation enabling unexplained wealth to be probed is to be welcomed
The social development department was allocated a R44bn budget that can only accommodate 10.5-million SRD beneficiaries until end-March 2023
Provincial chair elect indicates he will support Ramaphosa’s re-election as ANC president
Survey shows firms have cut headcount in the city and added jobs elsewhere
Consumer finances crumble under the pressure of rising prices and interest rates, Unisa vulnerability report shows
Some in the industry believe a ban on the export of scrap will mean a more competitive steel industry, with lower prices passed on to consumers
Ship leaves for Djibouti carrying humanitarian food aid for Ethiopia
Veteran seamer believes he still has plenty to offer despite turning 40
Wind-cheating design packs 525kW and 753Nm from a twin-turbo V12 engine
Government will "renegotiate" contracts with companies that won the first two rounds of SA’s renewable energy procurement to alleviate pressure on Eskom and electricity tariffs, public enterprises minister Pravin Gordhan said.
The renewable independent power producer (IPP) programme has become controversial politically, with trade unions, the EFF and former Eskom officials claiming that the costs are responsible for the financial collapse of Eskom, which cannot service its debt of more than R400bn.
However, the move to renegotiate contracts could be damaging for future investment as investors will be asked to forego earnings. IPP contracts have also been sold into a secondary market as their guaranteed revenue streams are attractive to institutional investors.
The programme is one of SA’s most successful attractors of investment, raising R190bn over five years. The first two rounds of procurement in 2011 and 2012 were significantly more expensive than subsequent rounds, for which pr...
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email email@example.com or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.