January 15, 2023
South Africa: National Shutdown Threat in Protest Against Eskom's Rolling Blackouts and Tariff Hikes
A national shutdown might be looming in response to the Eskom tariff hikes and ongoing rolling blackouts. Read more »
January 05, 2023
South Africa: Naspers and Prosus Pocket R122bn From Tencent Share Disposal
Naspers and its Amsterdam-based subsidiary have announced an update on their convoluted open-ended repurchase programme, through which they aim to unlock 'immediate value' for… Read more »
December 29, 2022
South Africa: Troubled Tongaat Says Secures IDC Funding to Complete Season and Prepare for Next Year
Troubled sugar producer Tongaat Hulett, which entered business rescue in October, has acquired "post commencement finance" from the Industrial Development Corporation of South… Read more »
December 23, 2022
South Africa: Shell Determined to Pursue Seismic Exploration Ambitions Off South Africa's Wild Coast
Oil giant is appealing cancellation of permit to explore for oil in the ecologically rich waters. Read more »
December 22, 2022
South Africa: Karpowership's Environmental Hazards Controversially Reduced in New Eia Specs
The revisions appear to have lowered several of the predicted risk profiles for harbour workers should fires or explosions break out accidentally around the proposed gas-to-power… Read more »
South Africa: Humanitarian Crisis Looms in Karoo As Eskom Institutes Load Reduction On Top of Rolling Blackouts in Defaulting Municipalities
Many defaulting municipalities across SA were hit on Thursday by load reduction -- on top of load shedding. In the Karoo, with its high summer temperatures and a water system… Read more »
December 20, 2022
South Africa: Commissioner Gxoyiya Issues Stern Warning to Health Department to Pay Up R73.7m Owed to Service Providers
Every province, apart from the Western Cape, owes money to service providers, with outstanding invoices running into millions of rands. This was revealed by the Public Service… Read more »
South Africa: It's Boom Time in the Western Cape As Prospective Homeowners Stream in From Other Provinces
Middle-class homeowners are selling up in Gauteng and thronging to the coast, triggering a building boom in the Western Cape. Read more »
December 18, 2022
South Africa: We All Saw the Durban Sewage Crisis Coming, but Remained Silent
Dr Imraan Buccus is senior research associate at ASRI. Read more »
December 14, 2022
South Africa: De Ruyter's Resignation Sparks Political Call for State of Disaster at Eskom
Soon after the resignation of Eskom's CEO, André de Ruyter, was confirmed on Wednesday, political parties raised concerns over the state of the energy utility, which has… Read more »
South Africa: André De Ruyter's Year From Hell - and Then He Lost His Political Cover
As he faced down sabotage, a week of savage attacks by the Mineral Resources and Energy Minister Gwede Mantashe and a grid in freefall on his own, Eskom's CEO André de… Read more »
South Africa: De Ruyter's Resignation From Eskom a 'Major Blow' for Power Utility's Reform, Warn Business and Investment Experts
The timing of André de Ruyter's departure as the Eskom CEO is arguably terrible as SA is in the throes of unprecedented and sustained levels of rolling blackouts. There will… Read more »
December 05, 2022
South Africa: South Africa's New National Artificial Intelligence Institute Can Help Transform Our Economy
The new institute will include projects such as AI for the mining industry, the construction of a large government data cloud, AI for motor industry infrastructure enhancements,… Read more »
South Africa: How President Ramaphosa's Plan to Fix South Africa's Rail Network Has Derailed
The much-vaunted plan, which involves allowing private sector players to independently run trains and invest in Transnet's infrastructure, has bombed. And the state-owned… Read more »
December 04, 2022
South Africa: Markets Most Concerned About Who Would Replace Ramaphosa - Enoch Godongwana
While the country is on tenterhooks about Cyril Ramaphosa's political future, the international community's concerns are around who could replace him. Read more »
November 27, 2022
South Africa: Fitch Maintains Stable Outlook for SA, but Flags Power Supply and Public Wages Woes
Credit rating agency Fitch on Friday affirmed South Africa's long-term foreign and local currency debt ratings at BB- and maintained a stable outlook. Read more »
November 24, 2022
South Africa: Clicks to Buy Popular Sorbet Beauty Salons' Holding Company for R105m
Retail and pharmaceutical group Clicks plans to buy Sorbet Holdings, which owns more than 190 popular Sorbet beauty salons for R105-million. Read more »
November 15, 2022
South Africa: Power Utility Warns of Another Six to 12 Months of Rolling Blackouts
South Africans are in for a dim festive season. Eskom has announced that 'protracted load shedding' will continue for 'six to 12 months', as major repairs and capital investment… Read more »
November 13, 2022
South Africa: Ster-Kinekor Pulls Off Mission Impossible By Successfully Exiting Business Rescue
The cinema group's fortunes are on the rise as investors, blockbuster movies and higher audience numbers help pull it out of a financial funk. Read more »
South Africa: Cash-Strapped ANC Considers Selling Off Assets to Pay Off R500 Million in Arrears
The draft financial report delivered by ANC Treasurer General Paul Mashatile to the NEC at the weekend indicates the dire state of the governing party's finances. Read more »
November 10, 2022
South Africa: South Africa's R1.5-Trillion Plan for Decarbonising in the Next Five Years
In a nutshell, the plan focuses on decarbonising and developing three key sectors: electricity, new-energy vehicles and green hydrogen. It will cost about R1.5-trillion. Read more »
October 26, 2022
South Africa: Mini Budget - Increased Tax Collection the Silver Lining in Godongwana's Medium-Term Policy Statement
Revenue collection from individuals and tax is up, exceeding February's projections. Read more »
South Africa: Mini Budget - Some SOE Bailouts, R350 Grant Extension As Numbers Signal Improved Debt and Better 2023 Outlook
Transnet gets its bailout, as does Denel and Sanral. And the social relief of distress grant is extended to April 2024. Under the motto of restoring public financial health, much… Read more »
South Africa: Mini Budget - Disaster Relief Following April Floods Is Bumped Up to R7.1-Billion
Finance minister Enoch Godongwana said it is clear that South Africa needs to improve its resilience to extreme weather. Read more »
South Africa: Mini Budget - the Government Plans to Take Over a Portion of Eskom's Debt to Ease the Burden
Eskom's debt stood at R356.8-billion in 2021, according to the power utility's last published annual financial statements. The government plans to take over a portion of Eskom's… Read more »