South Africa’s labour minister said he’ll oppose any move to privatise the beleaguered power utility Eskom, as it struggles to generate power, avoid outages and repay R396 billion of debt.
Billionaire Elon Musk issued a humorous late-night response to Twitter’s preparations to sue and force him to complete a $44 billion takeover of the company.
It may be too soon to talk about a South African rating upgrade.
The rand’s 9% plunge in the past month may be just the beginning for the South African currency, whose resilience is being tested by fears of a US recession even as local fundamentals remain supportive.
South Africa’s reliance on coal to generate most of its power makes it an environmental pariah but it’s also helping keep inflation in check, according to S&P Global Ratings.
New power plants will be key to meeting demand for energy in the country however environmentalists caution that their continued operation will be a major impediment to South Africa meeting its commitment to reduce emissions.
South Africa has upgraded its participation in the Paris Club to prospective member, taking it a step closer to becoming the first African nation to fully join the group of wealthy creditors.
Here are some of the best electric motorcycles and scooters on the market today.
Top South African ruling party leaders expressed concern that the country’s worst-ever power outages are damaging its popularity and that the minister overseeing the national power utility has presented no new solutions, people familiar with the matter...
South African labour groups agreed to a wage offer from the state-owned power utility, ending an impasse over increases that triggered a week of illegal protests and deepened electricity outages.
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