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The only option for Eskom is one South Africa can't afford

By: Bloomberg     19th June 2019 South Africa simply has to rescue the nation’s distressed power utility. Even though it can’t afford to. Eskom Holdings supplies 95% of the nation’s electricity. If it went bankrupt, the entire economy would be dragged down as well. The danger of that is growing: The utility has a mountain of... 

South Africa finds a credit rating, once lost, is hard to regain 

By: Bloomberg     18th June 2019 Lesetja Kganyago, then the top official at South Africa’s National Treasury, was taking a break at Sugarloaf Mountain in Rio de Janeiro between two G20 meetings in November 2008 when he got the bad news. Barely three years after his country had managed to get its highest-ever investment-grade... 

State capture inquiry: Pressure mounts on Jacob Zuma to testify

By: News24Wire      18th June 2019 The Zondo commission of inquiry has informed former president Jacob Zuma's lawyers that it urgently needs him to indicate whether he agrees to testify, BusinessLive reported. Pressure has been mounting on Zuma to answer to allegations witnesses made against him at the commission. In September... 

Judgment reserved in application to have arms deal report set aside 

By: African News Agency      12th June 2019 Legal representatives for President Cyril Ramaphosa on Tuesday told the high court in Pretoria that he would not oppose an application to review and set aside the findings of the Seriti Commission of inquiry into the controversial arms deal. Two civil society organisations - Corruption Watch and... 

Seriti Commission process 'flawed' – lawyers tell court

By: News24Wire      11th June 2019 The process of the Seriti Commission, which found that there was no evidence of corruption in the "arms deal", was flawed, the Gauteng High Court in Pretoria heard on Tuesday. "We know that there is a constitutional obligation to combat corruption and to combat it, is to expose it. 

Three things to learn from Jarana's exit as CEO of SAA 

By: Bloomberg     4th June 2019 South African Airways’ (SAA's) prospects of surviving in its current form took a hit over the weekend when news broke that CEO Vuyani Jarana quit over a lack of government support. The National Treasury isn’t committing to an agreement to put R21.7-billion toward the State-owned carrier’s 2021... 

ANC region reminds new Transport Minister Mbalula about removal of e-tolls

By: African News Agency      31st May 2019 The African National Congress (ANC) in Gauteng's Ekurhuleni region has alerted new Transport Minister Fikile Mbalula to the contentious e-tolls matter that awaits his urgent attention as he takes office. The region held its executive council meeting this week and congratulated President Cyril... 

The people have spoken

By: Aubrey Matshiqi     31st May 2019 In its strategy and tactics documents, the African National Congress (ANC) talks about ‘the people’ as the key motive force of what the ruling party refers to as the National Democratic Revolution. According to the liberation movement model, the people and the liberation movement are one. The... 

The people have spoken – Aubrey Matshiqi  

By: Aubrey Matshiqi     29th May 2019 In its strategy and tactics documents, the African National Congress (ANC) talks about ‘the people’ as the key motive force of what the ruling party refers to as the National Democratic Revolution. According to the liberation movement model, the people and the liberation movement are one. The... 

Gordhan poised to return to Cabinet after Mkhwebane findings  

By: News24Wire      29th May 2019 Pravin Gordhan seems poised to resume his Cabinet position as public enterprises minister, after filing a review application in the Gauteng High Court in Pretoria on Tuesday seeking to set aside a report by the Public Protector which found he violated the Constitution. This, despite an onslaught... 

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