Tag ArchivesEskom

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BUDGET 2019: ‘Government is not taking on Eskom’s debt’

Pouring money directly into Eskom in its current form is like pouring water into a sieve. That was the word from Minister of Finance, Tito Mboweni, today as he tabled the 2019 Budget in parliament. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

BUDGET 2019: GDP growth revised down

Finance Minister Tito Mboweni today tabled the 2019 Budget, revising South Africa’s GDP growth forecast for 2019 to 1.5 per cent, from an estimated 1.7 per cent at the time of the 2018 medium-term budget policy statement (MTBPS).  (more…)

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Jeremy Lang, regional general manager at Business Partners Limited

SMEs severely impacted by load shedding

As Eskom rolls out load shedding, it is important to note that although the country is impacted as a whole, the implications for small and medium enterprises (SMEs) can be critical. (more…)

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Budget 2019: Cautiously optimistic despite the fragile economy 

By: David Crosoer, Executive: Research and Investments at PPS Investments After a highly challenging year, in hindsight we might view 2018 as a decisive one in our history and consciousness – where we broke free from both the legacy of 2007 ANC Polokwane Elective Conference and the debilitating pull of the 2008 global financial crisis […]

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electricity

Opportunistic crime could climb amid load shedding

Amidst the recent countrywide implementation of stage 3 load shedding by soon to be unbundled state power utility, Eskom, South Africans are cautioned to protect themselves, their property and their valued belongings. There are grave potential financial repercussions of not only the load shedding process, but also the dangerous power surges that can ensue as […]

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Nazmeera Moola, co-Head of Fixed Income, Investec Asset Management

Budget preview: three issues that need to be addressed

By Nazmeera Moola, Deputy MD, Investec Asset Management The Medium-Term Budget Policy Statement (MTBPS) last year, much like the MTBPS in 2017, reflected the government’s inability to make difficult decisions in the wake of deteriorating economic conditions. The expectation thereafter was that with a new Minister of Finance in Tito Mboweni we would finally see […]

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Dr B Muchara

Budget 2019 must articulate practicalities of SONA intent

Dr Binganidzo Muchara of Unisa’s Graduate School of Business Leadership President Cyril Ramaphosa’s State of the Nation Address (SONA) had the theme, “Following up on our commitments. Making your Future Work Better.” In preparing to give the address, President Ramaphosa’s objectives would have been twofold: firstly, to appeal to business and the investment community which […]

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electricity

‘Eskom poses serious downside risks to economy’

“The deep concern expressed by President Cyril Ramaphosa at the economic and business implications of the shock decision by Eskom to escalate load-shedding to level 4 must be widely supported. Early solutions are required if the positive message of the SONA last week to put SA on new and higher growth path is not to […]

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