SOE’s state of play – grim reading from Public Enterprises
Despite increased revenue, Eskom’s subsequent increase of its headcount as well as its debt obligations have put it in a precarious situation.
Despite increased revenue, Eskom’s subsequent increase of its headcount as well as its debt obligations have put it in a precarious situation.
Eskom said auditors have raised concerns about issues relating to Matshela Koko and Brian Molefe, who both ran South Africa’s state-run power utility this year, in their year-end review.
The DPE raises a protest at a line which appeared in Mmusi Maimane’s opinion piece promising to do everything possible to stop the proposed nuclear deal.
Airbus is willing to proceed with a government-approved deal to lease five A330 wide-body planes to SAA, even after the state-owned carrier’s chairwoman sought to renegotiate the deal in defiance of the country’s National Treasury.
Chris Yelland suggests Ramaphosa begins addressing the Eskom Crisis by dusting off the six year old White Paper. There’s no need to reinvent any wheels.
Having experienced yet another unsatisfactory and this time potentially terminal experience with SAA’s unmanageable Voyager programme, my perspective of the national carrier is very much half empty right now. But you have to give the new acting CEO Nico Bezuidenhout credit for at least acting like an MBA (even though he admits to not having … Read more
Absa’s Chris Gilmour assesses the surprise takeover offer for Blue Label which has gotten the company’s share price running – justifiably he reckons.
It is not news that South Africa’s manufacturing sector has had a very hard time of late. And that it is likely to continue to have a hard time. Endless variables merge together to paint a bleak picture of the reality of the situation, with one of the biggest risks being escalating wages from protracted strike action … Read more
One of the things that have really been putting a damper on the South African economy for the last ten or so years is the unreliability of the electricity supply. Small businesses have been hit hard, losing valuable trading days when the supply is tight, and South Africa’s biggest companies – the mining majors – … Read more