đź”’ Experts say huge injection from taxpayers is still not enough to save Eskom
Energy experts have welcomed the cash boost to address the debt millstone for Eskom, but they say President Cyril Ramaphosa has not gone far enough.
Linda van Tilburg
Flash Briefing: Eskom bailout ready; Rand steady; Gold at 5-year-high; Naspers Sweeps South; Hain – bring back the money
Ramaphosa acknowledged in his state of the nation address that Eskom’s financial position is of “grave concern” and that the economic outlook of the country is extremely weak.
Flash Briefing: Inflation rises; Eskom has to be saved; Steinhoff seeks extension; Zuma allies go Parly; MultiChoice’s African expansion
Inflation is 0.1% higher than in April according to Statistics South Africa. It is still in the mid-point of the Reserve Bank’s target range of between 3 and 6%.
đź”’ Roelf Meyer: Ramaphosa can put South Africa back on the high road
When Cyril Ramaphosa was elected as President, Roelf Meyer however decided to re-engage and has offered to spearhead a channel between the business community and the Presidency to accelerate growth in the country.
More SARS red tape for overseas Internet purchases
A member of our business community has highlighted how SARS is not reducing red tape, but has in fact increased it for individuals buying goods from overseas internet websites.
Inflated contracts given to dubious middlemen crippled SOEs
The Zondo Commission is highlighting a familiar pattern at the state-owned enterprises; middlemen are brought in by SOE bosses who demand enormous fees.
White graduates are the Greeks and “Porras” of the past – Anton Roux
In this article Anton Roux, who was the Chief Executive Officer at Medscheme, the chair of Aon Africa and still sits on boards of several companies, observes that many white graduates of his age have become entrepreneurs, either by choice or because they had no other choice.
Flash Briefing: Bumper day for mining stocks, Naspers; Platinum producers face showdown; SARB rate cut on cards
South African mining stocks were driven to an almost 11 year high yesterday as iron-ore prices rallied and gold was shining due to its haven appeal.
Flash Briefing: PP snotklap for Cyril, Rand; retail sales soar; FX rigging case setback; plant Lego hits brick wall
Public Protector Busisiwe Mkhwebane has given President Cyril Ramaphosa until the 21st of June to answer to allegations that he violated the constitution.
đź”’ How world sees SA: ANC policies wielded like an axe to frustrate Ramaphosa reform
The demands by the ANC that the South African Reserve Bank should consider quantitative easing on the very same day that dismal GDP figures were released, appeared to be deliberate.