Eskom may have broken law with Black & Veatch deal

Antony Sguazzin|Published

Eskom Holdings SOC Ltd. may have broken tender laws in concluding a 2005 agreement with Black & Veatch Corp.

Mboweni says SA can’t spend its way out of low growth

Antony Sguazzin|Published

South African Finance Minister Tito Mboweni said the country can?t spend its way out of low economic growth and needs to focus on structural reforms.

ANC suggests pension funds take some Eskom assets

Antony Sguazzin|Published

The Economic Transformation Committee of the ANC suggested that pension funds take over some of the assets of Eskom.

South Africa seeks $87bn for decade long building boom

Antony Sguazzin|Published

South Africa’s government told asset managers and banks it needs 1. 5 trillion rand ($86 billion) of infrastructure investment over the next decade.

Coronavirus may cost Africa $4. 8bn in crop exports

Antony Sguazzin|Published

The coronavirus pandemic could cost Africa as much as $4. 8bn in lost agricultural exports and affect the livelihoods of 10m farmers.

Standard Bank investors urged to oust directors on climate fears

Antony Sguazzin|Published

Activists from around the world have written to Standard Bank asking that they vote against the re-election of 7 non-executive directors.

Government looks for new levers to boost economy

Antony Sguazzin|Published

The head of economic transformation in South Africa?s ruling party proposed a range of measures to bolster the economy.

Eskom plan to skip pollution equipment not legally feasible

Antony Sguazzin|Published

Eskom?s desire to avoid spending R42bn ($2. 4bn) reducing sulfur dioxide emissions at one of its largest power plants isn?t legally feasible.

Can maggots fuel sports drinks? South African startup thinks so

Antony Sguazzin|Published

A South African startup aims to produce high-quality protein powder from maggots for use in food products and sports drinks by the end of the year.

Cape Town seeks to procure its own power within 6 years

Antony Sguazzin|Published

Cape Town said it could buy its own renewable energy within five to six years if it wins a court case against the government.

Eskom is seeking to break terms of $3. 75bn World Bank loan

Antony Sguazzin|Published

Eskom Holdings Ltd. , South Africa?s biggest air polluter, is seeking to have the terms of a $3. 75 billion World Bank loan changed.

SAA administrators told by court to halt severance-pay plan

Antony Sguazzin|Published

South Africa?s labour court told the administrators of the state airline that they can?t force workers to accept severance payments.

Pepkor unit sued for selling unemployment insurance to pensioners on welfare

Antony Sguazzin|Published

The High Court case against JDG Trading accuses the company of taking advantage of some of South Africa?s poorest and least financially literate people.

Using millions of maggots to slow down climate change

Antony Sguazzin|Published

Decomposing garbage in landfills produces about 5% of the world?s greenhouse gas emissions.

South Africa considers pandemic responses, including $5. 3bn social bond

Antony Sguazzin|Published

South Africa?s government is considering a range of proposals to help the economy recover from the impact of the coronavirus pandemic.

Virus puts 150 million Africa jobs at risk, McKinsey says

Antony Sguazzin|Published

The coronavirus outbreak could affect a third of the 440 million formal and informal jobs in Africa.

SA told to use $11bn jobless fund for virus

Antony Sguazzin|Published

Cosatu and Busa are pushing the government to find a way to utilize an unemployment fund with assets of about $11 billion.

Eskom probe widens into contracts with global partners

Antony Sguazzin|Published

Eskom Holdings SOC Ltd. contracts with 5 international companies will be scrutinised by South African state investigators.

Sasol considers selling stock, assets after debt surge

Antony Sguazzin|Published

Sasol Ltd. , SA?s biggest company by revenue, said it may sell assets or stock to ease its financial woes.

Standard Bank releases funding policy on coal projects

Antony Sguazzin|Published

Standard Bank has become the first South African lender to release its policy toward funding of thermal coal mining.

Government rebuffed in attempt to curb pay

Antony Sguazzin|Published

Cosatu said it won?t discuss pay for government workers outside of the Public Service Coordinating Bargaining Council.

Cosatu expects its Eskom plan to be completed within weeks

Antony Sguazzin|Published

Cosatu expects a plan that it?s proposing to save Eskom Holdings SOC Ltd. from its debt burden to be ready within weeks.

Futuregrowth attacks JSE over $204bn bond market rules

Antony Sguazzin|Published

Futuregrowth Asset Management accused the JSE of reneging on agreements to improve investor protection in SA?s R3. 08 trillion bond market.

Eskom faces closure threat at biggest working power plant

Antony Sguazzin|Published

Eskom Holdings SOC Ltd. is battling to keep all the units of its biggest operational power plant open after being served with a compliance notice.

South Africa business lobby seeks Eskom pact in Ramaphosa speech

Antony Sguazzin|Published

SA?s main business lobby said it?s working with labour unions and other partners on enabling President Ramaphosa to announce a pact to rescue Eskom.