Travelling both by air and road in South Africa could become a lot more challenging because of the country's overreliance on international fuel.
South Africa, which has been experiencing energy shortages since 2008, is in the throes of its worst power cuts on record as breakdowns at state-owned utility Eskom Holdings'plants reach unprecedented levels.
The Presidential Employment Stimulus an initiative to support livelihoods after the pandemic by creating employment opportunities while the economy took time to recover and create jobs at the necessary scale has reached 1 million particiapnts.
With a low gross fixed investment ratio of just 14% of GDP, a big acceleration of capex is needed to lift South Africa’s growth prospects materially. Unfortunately, actual public investment spending consistently lags the government’s ambitious plans, n...
South African billionaire Rob Hersov says that the national power utility Eskom is run by a mafia, and massive changes are needed in order to get the lights back on.
Continued load shedding is setting South Africa up for a double blow in data releases for the current quarter, as both jobs and GDP data for the third quarter are looking worse for wear.
Quinton Bronkhorst has been with BusinessTech for over a decade and will build on the excellent work of outgoing editor Gareth Vorster.
Cyril Ramaphosa has been nominated for a second term as president; Eskom’s energy transition department head Mandy Rambharos has resigned; Building owners have until 7 December to obtain an EPC or risk heavy penalties; and McKinsey & Co pushed bac...
Tesla Inc worldwide deliveries missed forecasts in the third quarter and the company warned of challenges in getting its cars to customers, suggesting that supply-chain snarls remain a blight.
The latest Household Affordability Index by the Pietermaritzburg Economic Justice & Dignity group (PMBEJD) shows that food prices in South Africa continue to rise despite lower fuel and global commodity food prices.
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