Concerns that the Fed will have to wrestle with elevated inflation for a long time slowed this week’s rally
Given the prospect of a new governing coalition taking the reins in 2024, they should get to work on formulating a stance
The state-owned ports operator is seeks private investment to expand Durban and Ngqura port facilities
The ruling party gathering hit by litigation and a breach of security allegedly leading to the cloning of delegates’ tags
State-owned oil group reports income rose to $48.4bn in the second quarter from $25.5bn a year earlier
Consumer finances crumble under the pressure of rising prices and interest rates, Unisa vulnerability report shows
Group homes in on home deliveries trend and hopes to supply electricity to Eskom
It will be the first humanitarian food aid cargo bound for Africa since Russia’s invasion of Ukraine
Reece James seemed to have sealed the points for the hosts with a 77th-minute goal, but the striker scored in stoppage time
Rushdie’s condition is not immediately known
There is only one entity that can take on R250bn of Eskom debt to service and repay — and that is the SA government. As we know, this means us, the taxpayers. That is the plain and horrible truth and there is no way around it.
The Cosatu proposal that the Public Investment Corporation (PIC) and a consortium of government development finance institutions buy this debt for a zero return — in other words, give Eskom a great big donation — can never fly. It would not be allowed by the rules of the Government Employees Pension Fund (GEPF), which would be the source of the bulk of the money and which must invest, like all other pension funds, with the intention to realise a return for members...
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