Eskom’s debt-relief arrangement on schedule: Godongwana
Of the R78-billion allocated in the first year, R4 billion has been provided to Eskom.
Treasury to withdraw R150 bln from Contingency Reserve Account
Treasury says the funds will be used to reduce borrowing and debt-servicing costs.
Debt servicing costs more than 20 percent of revenue: Godongwana
“The higher budget deficit means that debt-service costs in 2023/24 have been revised higher.”
Govt’s finances will remain constrained: Economist
Economist says government’s finances will remain constrained as SA’s economy grows below 1%.
Statistics South Africa to release the fourth quarter job numbers
Statistics South Africa releases the fourth quarter job numbers this morning.
Primedia agrees to pay R2.7 mln in penalties over price fixing
The Competition Commission has revealed that advertising media company Primedia has agreed to pay
Eskom reduces load shedding stages
Eskom says stage five blackouts will continue to be implemented until 5am on Tuesday.
SONA did not provide solutions for current economic challenges: Roodt
SONA was reflective of past achievements since the democratic dispensation
Pick n Pay recalls three peanut butter brands over aflatoxin concerns
Pick n Pay recalls three brands of peanut butter due to elevated aflatoxin levels
Deadline looms for applications to operate national lottery
The license held by Ithuba, the current operator, comes to an end in May.
Inflation, high interest rates erode average take-home pay
The BankservAfrica Take-home Pay Index has painted a bleak picture for 2023.
IMF revises South Africa’s economic growth projection down to 1%
The IMF revised South Africa’s economic growth from a previous projection of 1.8 to 1 percent.
Electricity crisis continues to pose inflation risks: Kganyago
Kganyago says the electricity crisis and logistics constraints continue to pose inflation risks
Reserve Bank to announce interest rates decision on Thursday
The Reserve Bank’s is expected to announce its decision on interest rates on Thursday afternoon.
Consumer inflation eases to 5.1% in December
Stats SA newly released CPI for December showed a decline of 5.1% year-on-year.
AI tops agenda at World Economic Forum
A study by the IMF has found that almost 40% of jobs are exposed to AI.
Transport MMC welcomes business rescue for Rea Vaya bus service
Kenny Kunene welcomes the placement of Pio-Trans under business rescue
Eskom’s generation capacity has reached 55%: Ramokgopa
Eskom’s generation capacity has reached 55%
Power system healthier but unreliable: Ramokgopa
Ramokgopa says power utility Eskom is taking advantage of reduced demand.
SA electricity grid healthier by 3000 MW: Ramokgopa
The suspension of load shedding is as a result of reduced demand among other factors.