South Africa’s two biggest political parties, the African National Congress (ANC) and the pro-business Democratic Alliance (DA), are still struggling to reach an agreement on the national budget. The deadlock …
CYRIL RAMAPHOSA
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The laundry list of challenges confronting South Africa is a massive headache for Cyril Ramaphosa heading into governing-party elections in December and a national vote in 2024. The economy is …
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AfricaAFRICA NEWSBusinessEconomyNewsSouth AfricaSouthern Africa
South Africa moves to restructure troubled Eskom’s board
The South African government has announced plans to restructure the board of state power utility Eskom to address an energy crisis in the continent’s most-industrialised economy. Public Enterprises Minister Pravin …
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Record blackouts leave South Africa struggling for energy fix
The most severe blackouts in South Africa’s history have left the government struggling for ways to mitigate their impact on businesses and livelihoods, with efforts to buy more power from …
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South Africa is facing a risk of an unprecedented level of load shedding this week after units at two of its coal-fired power plants broke down. Eskom earlier on Sunday …
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Nedbank wants to almost double its lending to green energy projects in South Africa over the next two years as it seeks to cement its position as a market leader …
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BusinessEconomySouthern Africa
Ramaphosa to tackle issue of unemployment, announces 100,000 new jobs in South Africa
The government plans to introduce several reforms to create jobs for the country’s millions of unemployed young people, says president Cyril Ramaphosa. Writing in his weekly open letter to the …