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    The power utility must collect what it is owed by municipalities, says Tito Mboweni.

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Africa

Nigeria keen to join Africa free trade zone, trade minister says

11 minutes ago

Nigeria will sign the Africa Continental Free Trade Agreement as soon as President Muhammadu Buhari approves an impact-assessment report he asked for, the country’s trade minister has said.

    World

    Jamie Oliver's UK restaurant chains are headed for insolvency

    May 21 2019 14:37

    The UK celebrity chef’s company filed notice in the High Court for administration. The proceedings involve 25 Jamie’s Italian, Barbecoa steakhouse and Fifteen eateries in the UK but not the international division.

    Economy

    PIC inquiry: R5.2 billion Karan Beef deal 'in limbo' amid whisteblower claims

    May 21 2019 15:37

    Claims of price inflation by an anonymous whistleblower have hindered the finalisation of a major proposed investment by the Public Investment Corporation.

    Economy

    Looking for a salary bump? These are the cities with the highest salaries

    May 21 2019 12:05

    San Francisco has soared up the rankings to dislodge Zurich for the highest salaries and disposable income after rent, according to Deutsche Bank’s ''Mapping the World’s Prices 2019.''

    Economy

    Fuel in Zimbabwe will now cost over R20 a litre

    May 21 2019 11:53

    Zimbabwe has announced a massive fuel price hike after the country's central bank said it would no longer provide fuel dealers with funding for petrol and diesel.

    Economy

    Zimbabwe to subsidise public transport as inflation accelerates

    May 21 2019 07:45

    The measure is introduced as the central bank and finance ministry injected $500 million to improve the liquidity of the foreign-exchange interbank market.

    Eskom

    Mboweni on Eskom debt: collect money owed by municipalities

    May 20 2019 20:56

    Eskom must prioritise collecting what it is owed by municipalities as a first step toward becoming financially sustainable, says Finance Minister Tito Mboweni.

    Economy

    Advance payments for locomotives forced Transnet to borrow more - inquiry hears

    May 20 2019 18:54

    Advanced payments for 1 064 locomotives to be acquired by Transnet, cost it R7.37bn and forced the state entity to increase its foreign borrowings to finance the acquisition, the state capture commission heard.

    Economy

    In or out? Mboweni looks set to retain key post, say sources

    May 20 2019 16:58

    Finance Minister Tito Mboweni is likely to hold on to his job for at least another year, as President Cyril Ramaphosa moves to re-assure investors and ratings companies that the economy is in good hands, according to two people familiar with the cabinet selection process.

    Inside Fin24.com

     
    Economy

    McKinsey 'lost the plot' in business case for Transnet locomotives, inquiry hears

    May 20 2019 14:16

    Global consulting firm McKinsey & Co did not fully understand its mandate when it was brought in to strengthen the business case for Transnet to acquire 1064 locomotives, a former Transnet official has said.

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