UK inflation data and New Zealand rate hike remind investors that global economy still faces many challenges
Though highly skilled, SA farmers need access to support services to meet consumer demand for close-at-hand ethically farmed, organic produce
More people will qualify for the social relief of distress grant after the means test threshold was increased
The governing party is discussing whether those criminally convicted of a serious crime should still have a home in the ANC
The social media and gaming giant is grappling with a downturn in China’s economy, amid a property slump and Covid-19 lockdowns
With price relief awaiting motorists in September, Outa is worried the fuel levy will be increased to offset the scrapping of e-tolls
The aim is to have 65% of the business’s electricity requirements at a manufacturing level across SA sourced from sustainable energy by 2030
UN special rapporteur Tomoya Obokata concludes that forced labor among ethnic minorities has been occurring in Xinjiang
England Test captain says he hopes his team has retained their “venom” before the three-match series against SA
The fitment centre group has partnered with Disky for motorists to renew their vehicle licenses using WhatsApp
It’s no surprise the Eskom debacle has been called an emergency by public enterprises minister Pravin Gordhan.
As SA’s largest power generator, Eskom provides 95% of our electricity and in effect powers the nation. The utility's debt spiralled from a manageable amount of about R40bn to R420bn under Jacob Zuma’s presidency. This country now spends about R1bn a day on interest while continuing to borrow about R1.2bn a day to keep the lights on. It is not sustainable, and we’ve run out of time.
It is estimated that SA loses R1bn a day for every stage of load shedding, which means the recent stage four load shedding cost this economy R4bn a day. It is astounding that two coal-powered power stations, Medupi and Kusile, could be allowed to go more than R200bn over budget, and even once complete will only provide 40%–50% of their intended output due to poor design. In addition, it is now estimated R139bn has simply been stolen.
The bailouts required by our state-owned enterprises are a ser...
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