EDITOR’S LUNCHBOX: Gigaba’s hiring spree has come back to haunt Eskom
The country’s matric pass rate has been widely dismissed, some saying it's all smoke and mirrors (and dance)
Stories of Note
Bytes from the digital world
SA will be one of the worst performers in Sub-Saharan Africa in 2019 with tepid growth of 1.3%, according to the World Bank.
Actom Power Systems GM Sy Gourrah has followed the example of Brian Dames in resigning from President Cyril Ramaphosa’s Eskom task-team to avoid conflicts of interest.
In My Opinion
Matters of debate
One third of Eskom’s staff was hired in the years since 2010, when the government included “job creation” in the utility’s performance targets. Now, cutting the state-owned electricity monopoly’s staffing down to a sustainable level will not be easy, Sikonathi Mantshantsha warns.
The secret behind the government’s conjuring trick to make matric pass rates jump to 78% was expanding the list of designated subjects to include tourism, dance, and hospitality, Jonathan Jansen reveals.
The long and the short of the markets
Amid widespread carnage on the market, Ascendis Health took the dubious honour of the JSE’s worst performer, losing a numbing 77%.
Oh, Very Twitty
The lighter side of the web
The ATM party is considered a very appropriate choice for Jacob Zuma’s former spin-doctor, Mzwanele Manyi.
Graph of the day
Looking at the JSE’s top 40 stocks, it’s alarming to see that only a quarter managed a positive return during 2018. Only three of the top 40 stocks gained more than 10%: the mining heavyweights AngloGold (41%), Anglo American (26%) and BHP (21%).