Presidency gives Eskom task team January deadline for initial report
The task team, which includes former Eskom CEO Brian Dames, has been given several tasks to concentrate on including tariffs and the business model.
Moody’s criticises Eskom’s request to transfer its debt to the state
Eskom has requested that government’s guaranteed debt of R100 billion be transferred to the state.
Ramaphosa: 'Governance at SOEs just trashed and completely ignored'
President Cyril Ramaphosa says that his ministers, including Pravin Gordhan, have been shocked at the condition of SOEs.
Govt addressing SOE debt but financial burden significant, says Ramaphosa
President Cyril Ramaphosa says the ratings agencies need to be taken seriously and tough choices lie ahead if the country is going to emerge from sub-investment grade.
Ramaphosa to announce special task team to turn around troubled Eskom
President Cyril Ramaphosa was speaking during a wide-ranging interview with Xolani Gwala on Talk Radio 702 and Cape Talk.
As load shedding bites, Eskom probes bloated Medupi Power Station contracts
Eskom CEO Phakamani Hadebe says bloated costs and missed deadlines at the Medupi Power Station have limited electricity supply.
Treasury to implement measures to regain SA's investment status
Ratings agency Fitch has affirmed South Africa's long-term foreign and local currency debt ratings at BB+ with a stable outlook. The ratings, therefore, remain below investment grade.
Load shedding must not affect SA's economic growth - Gordhan
Public Enterprises Minister Pravin Gordhan says there are enough strong personnel to turn around the situation at the parastatal.
Treasury focuses on regaining SA's investment grade status
Fitch Ratings has affirmed South Africa’s long-term foreign and local currency debt ratings at BB+ with a stable outlook.
Eskom needs to get the basics right - Gordhan
Public Enterprises Minister Pravin Gordhan says the situation will be assessed over the next ten days to find a lasting solution to avoid load shedding.
Fitch affirms SA’s rating at BB+ with stable outlook
It’s the third major agency to keep its rating unchanged with Fitch and S&P Global keeping South Africa at sub-investment grade.
No festive leave for Eskom senior managers amid load shedding
Public Enterprises Minister Pravin Gordhan says senior managers need to find out why power stations are failing.
Eskom has no choice but to continue with stage 2 load shedding
The country has been hit by widespread load shedding over the past week, with businesses complaining that this is affecting productivity.
New NPA boss Batohi: Corruption & state capture not insurmountable
Shamila Batohi will formally take office in February, after serving her notice period at the International Criminal Court in The Hague.
Stats SA: Growth in agriculture sector helps get SA out of recession
Statistics South Africa (Stats SA) says gross domestic product (GDP) for the third quarter expanded by 2.2% quarter on quarter.
SA records third quarter GDP of 2.2%, lifting country out of recession
South Africa suffered two successive quarters of negative growth - and the third-quarter numbers are a welcome relief for the country.
Stats SA to announce third quarter GDP results
South Africans will know on Tuesday whether the country has emerged from a technical recession.
As load shedding hits, Ramaphosa discusses energy investment with Saudi prince
It was agreed during a meeting earlier this year that Saudi Arabia would pump R133 billion worth of investment into South Africa, primarily to be focused on the troubled energy sector.