Flash Briefing: Tributes pour in for Jabu Mabuza, AngloGold bottom of the lot, gold dives below $1,800
Former Eskom board chair and businessman Jabu Mabuza passed away on Wednesday night due to Covid-19 complications.
Former Eskom board chair and businessman Jabu Mabuza passed away on Wednesday night due to Covid-19 complications.
Chris Yelland in full voice is even more forthright than Chris Yelland the writer. And in this interview, he pulls no punches about the Eskom mess.
The ANC has re-affirmed the independence, role and mandate of the South African Reserve Bank in an annual policy statement.
The chairman of Eskom resigned from his post after the South African power utility resumed rolling blackouts earlier than expected in 2020.
Eskom, South Africa’s electricity provider and the state enterprise that is arguably the biggest drag on the economy, is about to undergo a radical overhaul.
Highlighting the challenges facing South African employers, Nedbank has confirmed it is in talks with about 1,500 employees over potential job cuts.
Eskom reported a record annual loss of R20.7bn but its dollar bonds rallied on optimism that it is starting to stem the bleeding.
Foreigners are ditching South African assets at the fastest pace on record as concern mounts that the government will lose its last investment-grade rating.
Within the three month period during which Jabu Mabuza will be the Executive Chairman and Acting CEO, the Eskom board will conclude the process of identifying a suitable candidate to become the next Eskom GCEO.
Jabu Mabuza, chairman of Eskom, has taken on a non-executive director role at pay-TV company, MultiChoice.