STUMPED

With South Africans still were licking their wounds after a dismal Proteas batting performance at the Cricket World Cup, Eskom financial problems rose again like a hostile bouncer from England’s... 

TIME TO FALL

The unsavoury and depressing revelations at the Commission of Inquiry into State Capture continue to flow. All the large State-owned companies – Eskom, Transnet and South African Airways – have... 

POLICY TUG OF WAR

The battle, within the African National Congress, for control over the direction of economic policy has always been a highly contested one. In recent years, however, it has escalated to the status... 

LEADERSHIP SHEDDING

The resignations, in quick succession, of Phakamani Hadebe and Vuyani Jarana point to the likelihood that the crises at Eskom and South African Airways respectively are even deeper than initially... 

ROCK & HARD PLACE

News of Phakamani Hadebe’s resignation as Eskom CEO was treated with precisely that: resignation. South Africans have come to terms with the fact that leading the State-owned utility in its current... 

IN THE TRENCHES

The rhetoric associated with the unfolding trade war between the US and China has definitely ratcheted up a level in recent weeks. The hardening of positions is also starting to cause shockwaves,... 

SUPER EFFORT

Eyebrows were definitely raised when the 2019 Presidential inauguration ceremony was moved from the majestic Union Buildings to the grittier Loftus Versfeld stadium, just down the road. Hopefully... 

ROLLING UP SLEEVES

Despite the initial optimism associated with the political changes that took place in early 2018, the business community has been reticent to take decisive investment decisions in South Africa... 

DATA DISPUTE

For several years many South Africans have expressed – often under the social media banner #DataMustFall – unhappiness with prices being charged for data by the country’s mobile operators. Now the... 

CLIFF EDGE

News that Eskom was forced to lean on the National Treasury in April to avert an imminent liquidity crisis, arising from a delay in a loan disbursement from the China Development Bank, had served... 

CULTIVATING CONFIDENCE

The South African economy has been on a downward spiral for a number of years, undermining many of the dividends that initially flowed from the country’s transition to democracy. This poor... 

ENERGY RELEASE

The return to a protracted period of load-shedding in March provided an unhappy reminder of South Africa’s energy deficit. It also served to confirm that new generation is needed, and needed... 

DOUBLE SHOCK

All South Africans have been feeling the fuel-price pinch ever since the big surge in pump prices took place on Wednesday last week. By contrast, the 13.8% electricity tariff hike introduced on... 

WORRYING DEVELOPMENTS

All South Africans were understandably frustrated and angry when Eskom resumed load-shedding in mid-March. Rotational power cuts have a devastating impact on the psychology of the nation and on... 

ROAD TO RUIN

Iconic South African construction company Group Five filed for business rescue earlier this month and also applied for its shares to be suspended from trade on the JSE, after 45 years of trading.... 

DEATH SPIRAL

The combination of higher electricity tariffs and the fall in solar photovoltaic costs is making it increasingly feasible for companies and high-income households to invest in self-generation to... 

ROAD TO HELL

The road to South Africa’s construction industry hell in has been paved by the proverbial good intentions. Prior to the global financial crisis there was much optimism about the role infrastructure... 

HAZARDOUS & FAKE

The argument that ‘expensive’ independent power producers (IPPs) pose a financial risk to Eskom may be untrue and misleading. It has, nevertheless, gained significant traction and prominence on... 

PLAYER AND REFEREE

African Rainbow Energy & Power (AREP) chairperson Patrice Motsepe has acknowledged that his company has a serious perception problem – one that will persist for as long as his brothers-in-law,... 

POWER SHOWDOWN

Government has promised to consult meaningfully with labour over a plan to split Eskom into three independent businesses of generation, transmission and distribution. The unbundling is important... 

PULLING THE PLUG

Nedbank has confirmed that it will no longer participate in the funding of two coal-fired power stations to be built by independent power producers. Other domestic and local banks are more reticent... 

FAILING BIG

Various politicians and commentators have expressed the sentiment that Eskom is too big to fail. But failing it is. Without decisive action, the electricity utility poses a real threat to South... 

DIFFICULT START

Former Bosasa executive Angelo Agrizzi’s sordid testimony before the Zondo Commission was more than enough to wipe the gloss off the first month of 2019. Sadly, it was no the only disheartening... 

BURNING ISSUE

Youth unemployment is emerging as biggest threat to the future stability of South Africa. For many aged between 15 and 34 the prospect of securing permanent employment is dim and getting dimmer.... 

ELECTION WAVE

Most South African business people will not look back on 2018 with any great fondness. It proved to be yet another difficult year, with the economy dipping back into recession and with the... 

NO ESCAPING 2018

he year stated well enough. Hope soared after Cyril Ramaphosa’s election as the new leader of the African National Congress, which resulted in Jacob Zuma’s long-overdue resignation. Those... 

RED ALERT

The attacks by the Economic Freedom Fighters (EFF) on individual journalists, as well as media organisations, have once again highlighted the party’s disdain for the Constitution and the rights... 

POWER SCROOGE

The threat of load-shedding will hover like a fabled Dickensian ghost over the December holiday period and into the New Year. State-owned electricity utility Eskom has also warned that the risk of... 

RUSSIA-SIZED HOLE

he International Energy Agency is cautioning of damaging price spikes in the 2020s if the current weak investment in new oil supply is left unchecked. The agency states that the average level of... 

WORSENING MAELSTROM

Concern is growing again about the position of many of South Africa’s State-owned companies. Corruption and maladministration are important causes for their current distress. However, the... 

BREWING CONFIDENCE

President Cyril Ramaphosa’s recent Investment Conference was noteworthy not for the R290-billion in investments unveiled, many of which having already been in the pipeline, but for the atmosphere... 

HERE WE GO AGAIN

South Africans would have experienced a collective sense of déjà vu when Eskom confirmed that it is applying for hikes of 15% a year for the coming three-year tariff period, over-and above what it... 

WOOING INVESTORS

President Cyril Ramaphosa has rightly concluded that South Africa will not be able to extract itself from its current low-growth trap in the absence of far higher levels of investment. He has,... 

THE RIGHT ROAD

South Africa’s super confident new Finance Minister, Tito Mboweni, is unlikely to be intimidated by the prospect of having to present a Medium-Term Budget Policy Statement less than a month into... 

UPWARD PRESSURE

South Africans have been forced to endure, and absorb, some devastating fuel-price news since the start of 2018. And the bad news could keep flowing. This was the unhappy message contained in... 

POIGNANT REMINDER

It was more than ironic that the United Nations (UN) unveiled a new statue of Nelson Mandela at its New York headquarters ahead of a General Assembly at which US President Donald Trump urged world... 

SERIOUS SHORTFALL

Electricity utility Eskom has made it clear that it is indeed having problems in addressing the coal-stock shortages at some power stations. It attributed the problem partly to the fact that... 

UNENVIABLE POSITION

While news of yet another recession is not altogether surprising, it is nevertheless depressing and confidence sapping. Equally discouraging is the state of the discourse within the African... 

DREAM DEFERRED

A sense of gloom descended across South Africa last week, when it was confirmed that the country had slumped into recession. Immediately questions were asked about whether President Cyril... 

RAISING RENEWABLES

Energy Minister Jeff Radebe has confirmed that the least-cost pathway for new generation in South Africa is a mix of wind, solar and gas. The draft Integrated Resource Plan 2018 makes the same...