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Finance Minister Enoch Godongwana spurred a brief relief rally in the rand as he presented the country’s budget, unveiling news of anxiously awaited plans to deal with debt at the ailing state-run power utility. |
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Amid expectations that South Africa will be added to the global anti-money laundering body's grey list on Friday, Treasury says the country needs more prosecutions and the freezing of more assets to demonstrate its compliance. |
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Cyril Ramaphosa's recent comments have revealed more than he probably wanted to. writes that the most critical juncture of self-introspection awaits him, and will be triggered by the near-certain decline of the ANC in in next year's election.
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#Budget2023 | Amid expectations that South Africa will be added to the global anti-money laundering body's grey list on Friday, Treasury says the country needs more prosecutions and the freezing of more assets to demonstrate its compliance.
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#Budget2023 | The National Treasury will relieve Eskom of R254 billion of its debt over the next three years but has imposed far-reaching conditions, which include that it concession out some of its power stations to the private sector |
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The DA and its coalition partners are racing against time to ensure their preferred candidate, DA MP Cilliers Brink, is elected Tshwane mayor with fears of an ANC takeover threatening the last remaining majority governed coalition metro in Gauteng.
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Eskom cut 7 045 megawatts from the grid — a move to prevent a total shutdown of the national grid — spokesman Sikonathi Mantshantsha said in a tweet on Tuesday. This equates to Stage 7 load shedding, though this was not officially announced.
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