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Economy

'Eskom operating much closer to the edge than realised'

Apr 19 2019 14:00

Less than a week after Eskom's CEO declared “the days of surprises are over,” documents show the government was forced to pay R5bn in emergency funds so the state-based utility could meet obligations.

Economy

Mboweni on Eskom bail out: How China loan delay triggered a scramble for funds

Apr 19 2019 12:48

An urgent Treasury report signed by Finance Minister Tito Mboweni to Parliament earlier this month highlights just how dire Eskom's financial situation is after a China Development Bank (CDB) loan failed to materialise, nearly plunging Eskom further into a liquidity crisis.

Economy

Treasury, Absa in 11th-hour Eskom bailout

Apr 19 2019 11:07

Treasury was forced to pay R5 billion on April 2 to meet the obligations of Eskom after a loan from a Chinese bank failed to come through in time, according to Finance Minister Tito Mboweni.

Economy

In a hot jobs market, bosses have to train their low-paid staff

Apr 19 2019 14:04

You’d need a cast of thousands to re-enact Black Friday at a Walmart store, so virtual reality comes in handy at the company’s training centers.

Economy

Sisulu: Foreign mission landlords’ names will stay protected

Apr 18 2019 18:16

Minister of International Relations and Cooperation Lindiwe Sisulu has declined to disclose the names of SA's landlords abroad, evoking the guide to parliamentary questions in the National Assembly.

Economy

Unemployment takes heavy toll on South Africa's young

Apr 18 2019 12:53

"It's like you go to school ... and then once you are qualified you sit with a whole stack of certificates that you can't actually use," 36-year-old Kgomotso Sebabi said.

Economy

SA Reserve Bank says too early to claim inflation win

Apr 18 2019 12:06

South Africa’s central bank says it’s premature to claim victory in the war against inflation and sees price growth stabilising at 4.5 percent only by the end of 2021.

Economy

Public Protector's credibility has 'plummeted', says Corruption Watch

Apr 18 2019 13:51

The Public Protector's office that spearheaded investigations into corruption during former President Jacob Zuma’s scandal-marred administration is suffering a credibility crisis.

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Economy

SA blackouts may cut growth close to zero, Reserve Bank says

Apr 18 2019 09:12

South Africa’s power cuts could bring economic growth for the year close to zero if they continue at the same severity seen in March, the central bank said.

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