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Eskom’s wage talks raise unions’ ire as dialogue hits stalemate

Eskom’s wage talks raise unions’ ire as dialogue hits stalemate

10th June 2022 Talks between South Africa’s beleaguered power utility Eskom and its biggest labour unions on wages have reached a stalemate, the latest crisis for... 

Eskom to transfer R39.9bn loan to transmission unit

Eskom to transfer R39.9bn loan to transmission unit

10th June 2022 Eskom Holdings said it will give the transmission unit that it’s transforming into a separate entity a R39.9-billion loan to make sure it can... 

Pfizer protects against Omicron sublineages, Discovery says

Pfizer protects against Omicron sublineages, Discovery says

8th June 2022 Pfizer and BioNTech’s Covid-19 vaccine appears to largely prevent severe disease from the coronavirus omicron variants sublineages BA.4 and BA.5, a... 

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South Africa to file Gupta extradition request within 60 days

South Africa to file Gupta extradition request within 60 days

8th June 2022 South Africa’s government plans to file a request with the United Arab Emirates for the extradition of two fugitive businessmen wanted on charges... 

South Africans face fuel price surge as levy concession ends

South Africans face fuel price surge as levy concession ends

26th May 2022 South Africans face record high gasoline prices in June as a subsidy to help motorists counter the impact of high crude costs exacerbated by... 

South Africa needs $250bn to transition away from coal

South Africa needs $250bn to transition away from coal

26th May 2022 South Africa, the world’s thirteenth-biggest source of greenhouse gases, will need to spend $250-billion over the next three decades closing down... 

Govt rejects civil servant demands for 10% pay increases

23rd May 2022 Government rejected demands from labour unions representing 1.3-million state workers for 10% raises and increased housing allowances and other... 

Aspen’s Covid flop bodes ill for Africa’s vaccine making drive

Aspen’s Covid flop bodes ill for Africa’s vaccine making drive

18th May 2022 Africa’s drive to set up a vaccine industry after being left at the back of the queue in the global scramble for Covid-19 shots has stumbled at the... 

Airline sale for R51 keeps it a financial burden for South Africa

Airline sale for R51 keeps it a financial burden for South Africa

11th May 2022 South Africa’s decision to sell a majority stake in the country’s loss-making national airline for R51 represents an ongoing financial risk to the... 

S Africa cuts back vaccine drive amid citizen apathy, may have to destroy doses

S Africa cuts back vaccine drive amid citizen apathy, may have to destroy doses

10th May 2022 South Africa is scaling back its Covid-19 vaccination drive and may have to destroy doses because of a lack of demand from citizens even as the... 

South Africa records highest positivity rate yet of fifth wave

South Africa records highest positivity rate yet of fifth wave

5th May 2022 South Africa’s daily coronavirus test positivity rate rose to its highest level yet on Wednesday amid its fifth wave of infections. There were 6... 

South Africa seeks to make climate finance deal global benchmark

South Africa seeks to make climate finance deal global benchmark

4th May 2022 South Africa’s planned $8.5-billion climate finance deal with some of the world’s richest nations could serve as a blueprint for other... 

Godongwana rules out creation of a new State bank

24th March 2022 Finance Minister Enoch Godongwana ruled out the creation of a new state bank, saying the country lacked the money needed to back it. The... 

Eskom considering taking on climate funds as equity injection

22nd March 2022 State power company Eskom is planning to propose that some of the funding the country secured to help tackle climate change take the form of loans... 

Eskom sees R20.9bn of extra diesel costs on coal outages

17th March 2022 Indebted State-owned power utility expects running costs for its diesel-fed turbines, which are used to keep the lights on when coal-powered plants... 

Higher prices, budget strains to hit Africa from war in Ukraine

4th March 2022 Russia’s invasion of Ukraine is likely to hurt Africa’s coronavirus-ravaged and fragile economies through fiscal constraints, weaker investment... 

Treasury warns self-enrichment culture eroding State

Treasury warns self-enrichment culture eroding State

3rd March 2022 A culture of self-enrichment among some South African politicians and public servants is putting the country’s democracy and post-apartheid... 

Eskom considers selling assets as bailout prospects fade

Eskom considers selling assets as bailout prospects fade

23rd February 2022 Eskom Holdings, South Africa’s indebted power utility, is considering selling distribution assets as prospects of the government taking over about... 

Godongwana to navigate cost, debt wildcards in budget

Godongwana to navigate cost, debt wildcards in budget

21st February 2022 Finance Minister Enoch Godongwana is under pressure to show efforts to reduce the country’s fiscal deficits and rein in debt won’t be compromised... 

Billions in climate funds have South Africa agencies tussling

18th February 2022 One of the biggest announcements from last year’s COP26 climate talks was a pledge by some rich countries to provide $8.5-billion to help South... 

Cape Town warns EY, Nedbank contracts at risk after corruption report

Cape Town warns EY, Nedbank contracts at risk after corruption report

15th February 2022 Cape Town has threatened to scrap contracts with companies including EY and Nedbank, after the firms were named in a judicial probe on alleged... 

Five things to watch for in Ramaphosa's State of the Nation speech

Five things to watch for in Ramaphosa's State of the Nation speech

10th February 2022 President Cyril Ramaphosa, who is up for re-election as head of the ruling African National Congress in December, delivers his annual... 

South Africa torn over multibillion cost of fighting inequality

South Africa torn over multibillion cost of fighting inequality

9th February 2022 Politics and economics are set to collide over welfare payments in the world’s most unequal nation. The first clue over which will prevail may come... 

South Africa business mood ticks up after virus curbs eased

South Africa business mood ticks up after virus curbs eased

9th February 2022 An index measuring South African business sentiment rose to a three-month high in January after coronavirus restrictions were eased following the... 

Ramaphosa ponders woman running mate in ANC race

Ramaphosa ponders woman running mate in ANC race

28th January 2022 President Cyril Ramaphosa is considering enlisting a woman as his running mate in a bid for a second term as leader of the ruling African National... 

Ramaphosa told by advisers to focus on national energy crisis

28th January 2022 President Cyril Ramaphosa was told to cut bureaucracy and focus on fixing the country’s energy crisis if he wants to revive Africa’s most... 

Ramaphosa sees just transition as the way to energy security

Ramaphosa sees just transition as the way to energy security

23rd January 2022 South Africa must embark on a “just energy transition” to stimulate greater investment as a way to to overcome damaging electricity shortages, said... 

South Africa bolsters genomics capability to hunt deadly disease

South Africa bolsters genomics capability to hunt deadly disease

21st January 2022 South Africa is enhancing its capacity to identify and respond to emerging pathogens and deadly diseases after leading global efforts to identify... 

South Africa declares national disaster after rain, flood damage

South Africa declares national disaster after rain, flood damage

20th January 2022 South Africa has declared a national disaster after torrential rains in several parts of the country resulted in deaths, flooding and damage to... 

Rothschild hired by Eskom’s creditors to help steer debt revamp

Rothschild hired by Eskom’s creditors to help steer debt revamp

18th January 2022 Eskom creditors started working with financial advisory firm Rothschild & Co. as South Africa’s struggling power utility prepares a long-awaited... 

Eskom may get trial date for misleading air quality officer on emissions

17th January 2022 Eskom Holdings, South Africa’s biggest polluter, may find out on March 25 when it will face a trial for allegedly supplying misleading information... 

With shots finally on hand, nations struggle to get them in arms

9th January 2022 As shipments of Covid-19 shots ramp up for billions of people left behind last year, and new vaccines make their way to the public, dozens of... 

ANC urges vaccine mandate to help restart economy

ANC urges vaccine mandate to help restart economy

9th January 2022 South Africa’s ruling party urged the government to finalize a policy on vaccine mandates for certain settings and activities as it seeks to fully... 

Graft probe makes damning findings against top officials

Graft probe makes damning findings against top officials

5th January 2022 A judicial commission which has spent almost four years probing graft in South Africa concluded that the state had been “captured” during former... 

Eskom expects clarity on transmission unit start early this year

Eskom expects clarity on transmission unit start early this year

3rd January 2022 Power utility Eskom Holdings expects clarity early this year around the start of its independent transmission unit, which still awaits licence... 

South African State debt nears 100% of estimate for fiscal year

15th December 2021 South African government debt neared 100% of the National Treasury’s forecast for the fiscal year through March 2022 within seven months,... 

South African panel proposes gradual start to basic income grant

South African panel proposes gradual start to basic income grant

13th December 2021 A South African panel recommended the country gradually implement a basic income grant, beginning with the institutionalization of a monthly... 

Ramaphosa has Covid with mild symptoms

Ramaphosa has Covid with mild symptoms

13th December 2021 President Cyril Ramaphosa tested positive for Covid-19 and is receiving treatment for mild symptoms. “The president, who is fully vaccinated, is in... 

Godongwana calls for gasoline-price reforms

12th December 2021 Finance Minister Enoch Godongwana called for changes to the way the fuel price is calculated, after the cost of gasoline rose to a record this... 

South Africa has record 37 875 daily Covid cases amid Omicron

12th December 2021 South Africa’s daily coronavirus cases soared to a record as a fourth wave of infections fueled by the omicron variant rips through the nation.... 

UK Omicron spread may be faster than in South Africa

UK Omicron spread may be faster than in South Africa

10th December 2021 The omicron strain may be spreading faster in England than in South Africa, with UK cases of the variant possibly topping 60 000 a day by... 

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