🔒 ANC launches withering attack on Eskom chief who criticised the party
The ANC mounted a scathing attack on Eskom’s outgoing chief executive, Andre de Ruyter, after his bombshell interview.
The ANC mounted a scathing attack on Eskom’s outgoing chief executive, Andre de Ruyter, after his bombshell interview.
CEO, André de Ruyter alleged that Eskom was under the grip of organised crime, with at least four crime cartels infiltrating the coal plants.
Ramaphosa emerged from the ruling party electoral conference with a stronger mandate but a list of urgent economic hurdles to overcome.
Investors awaiting answers have been selling South African assets amid fears that his potential departure may set back reforms aimed at bolstering economic growth, stabilizing public finances and tackling graft.
A basic income grant is under consideration after more than 330 people died during a week of violence that rocked SA in July this year.
David Masondo suggested investors forego almost R150bn worth of sovereign debt in order for Eskom to pivot to clean energy.
Treasury is considering whether to move a chunk of Eskom’s R464bn debt into a special-purpose vehicle or have the state take over responsibility.
‘Mboweni will present the government’s spending framework for the next three years on Wednesday’, writes Prinesha Naidoo and Sarina Yoo.
The PIC is considering dipping into pension funds to bail out Eskom. The plan has had push back but government says it’s running out of options.
The presidency has designated SA’s priority infrastructure projects, paving the way for the beginning of private investment in a R2.3 trillion program.