Fitch downgrades SA in face of governance worries

Craig Dodds|Published

Political risk relating to the ANC’s succession struggle has become the top concern for ratings agency Fitch, which revised its outlook for the country from stable ...

Writing’s on the wall, says Eskom’s Koko

Craig Dodds|Published

Eskom wants to forge ahead with nuclear procurement so that the first reactor can be commissioned by 2025.

Corruption rife at SAA, says fired-up Myeni

Craig Dodds|Published

SAA’s Dudu Myeni hits back amid calls for her resignation, claiming there is “institutionalised corruption” at the airline.

'Molefe's exit a blow to SA's nuclear plan'

Craig Dodds|Published

Nuclear energy may still be part of the government’s proposed energy mix, but ...

Little sympathy as Molefe quits

Craig Dodds|Published

Eskom chief executive Brian Molefe’s decision to fall on his sword has been met with scant sympathy.

Load shedding a thing of the past, but. . .

Craig Dodds|Published

The risk of load shedding will return by 2026 if the country fails to make a decision now on whether or not to build new nuclear power stations.

Dismay as Eskom pulls plug on power purchases

Craig Dodds|Published

Energy portfolio committee chairman issues stern warning after Eskom halts Independent Power Producer Programme.

Nuclear bid: ‘Minister will have to release info’

Craig Dodds|Published

Chairperson of energy oversight committee vows to approach Energy Minister Tina Joemat-Pettersson to request all documents related to nuclear procurement.

National minimum wage in pipeline - Ramaphosa

Craig Dodds|Published

Panel established to investigate appropriate level for national minimum wage due to report back to Cyril Ramaphosa soon.

'Protesters are SA's unheard'

Craig Dodds|Published

The increase in violent protests points to a bigger question about the quality of South Africa’s democracy, writes Craig Dodds.

SA nuclear trainees in the pipeline

Craig Dodds|Published

About 98 new recruits joined the Koeberg team on a training programme intended to create a pipeline of nuclear-plant operators.

Forget ratings, time to get to work – Gordhan

Craig Dodds|Published

Finance Minister Pravin Gordhan says now that SA has dodged Standard and Poors’ ratings bullet it is time to knuckle down and lift economic growth.

Junk status reprieve no cue to relax

Craig Dodds|Published

The next six months will be critical if the country is to improve its growth prospects, says the Treasury.

#PanamaPapers: SA tax dodgers walk a tightrope

Craig Dodds|Published

South Africans who made use of the Panamanian law firm Mossack Fonseca to hide their riches from Sars have a nail-biting four-month wait before an amnesty announced ...

New laws to crack down on lenders

Craig Dodds|Published

New legislation is on the cards to further crack down on dodgy lending practices, including the selling of credit life insurance at inflated rates and granting of ...

Ex-Denel chief, finance boss accused of changing loan terms

Craig Dodds|Published

Former Denel chief executive Riaz Saloojee and suspended chief financial officer Fikile Mhlontlo have been accused of changing the terms of a R455m loan with Nedbank ...

‘We’ll build on ratings confidence’

Craig Dodds|Published

Government will not rest on its laurels following a stunning boost from ratings agency Moody’s that defied gloomy local expectations, Finance Minister Pravin Gordhan ...

Gordhan slams ‘arrogant’ Denel

Craig Dodds|Published

Finance Minister Pravin Gordhan has slammed the "arrogance" of boards of some state-owned companies, in particular arms maker Denel.

Brown changes the signals

Craig Dodds|Published

Minister spells out plan to create fairer business terrain, writes Craig Dodds

Gordhan meets ratings agencies

Craig Dodds|Published

It’s time to show the world that leaders from all spheres in SA have a common purpose in igniting growth, says Pravin Gordhan.

Delinquent SOEs will destroy SA economy

Craig Dodds|Published

For a brief spell in December, when the rumble of a crashing economy had subsided, new possibilities seemed to unveil themselves.

Collapsing Post Office needs cash fast

Craig Dodds|Published

The SA Post Office is weeks away from potential collapse unless it is able to raise the cash to pay its creditors, chief executive Mark Barnes said.

New bill means no deal for corrupt business

Craig Dodds|Published

SA’s government plans to introduce a Public Procurement Bill to block business people found to have been involved in corruption from registering with the Companies ...

Minister in power play for control of SABC board

Craig Dodds|Published

Communications Minister Faith Muthambi has tabled a bill that seeks to give her the powers to appoint and remove members of the SABC board.

Moody’s: Gordhan offers hope

Craig Dodds|Published

Finance Minister Pravin Gordhan has said he was “hopeful” the country could avoid a credit rating downgrade when rating agency Moody’s visited next week.