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Mboweni’s Plan to Save Eskom

The restructuring drive for power utility Eskom, which has been identified by government as the biggest threat to economic growth and stability, has started in earnest, with Finance Minister Tito Mboweni hinting that the process would in...

Joburg Post·over 4 years ago

South African Probe Into Corruption Awaits a Star Witness – Jacob Zuma

It’s been almost a year since the Commission of Inquiry into allegations of state capture in South Africa began to hear testimony. Also known as the Zondo Commission, it is headed by Deputy Chief Justice Raymond Zondo, who has listened ...

Joburg Post·over 4 years ago

South Africa’s State Owned Companies: A Complex History That’s Seldom Told

The problems of South Africa’s state owned enterprises are in the headlines every day. Yet many have existed for over 80 years. Why were they established in the first place and how have they survived this long? Their histories provide cl...

Nancy L Clark·over 4 years ago

Mboweni to Present Bill on R230bn Rescue Plan for Eskom

Finance Minister Tito Mboweni is expected to table a Special Appropriations Bill to outline the key funding of cash-strapped Eskom. The tabling of the bill on Tuesday followed the announcement by President Cyril Ramaphosa of a R230billio...

Joburg Post·over 4 years ago

Rand Weakened After Moody's Scathing Warning on Eskom Bailouts

Market analyst Andre Botha said on Wednesday that the scathing statement by ratings agency Moody' Investor Services on Eskom's bailout has caused the rand to weaken even further, trading near R15 to the dollar on Tuesday. The local curre...

Joburg Post·over 4 years ago

South Africa: In His Policy Paper, Mboweni Demands Urgent Action to Improve and Grow Economy

Tito Mboweni on Tuesday published proposals to boost economic growth by an additional 2.3 percentage points above forecast over the next decade — and create at least a million jobs. Still, the economic policy paper’s release was an intri...

Marianne Merten·over 4 years ago