Tag ArchivesEskom

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Eskom: Loadshedding is a means to protect the national electricity system

The story in the media and on social platforms regarding allegations that loadshedding is a diversion, is itself a diversion and far from the truth, Eskom said in a statement today. (more…)

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Winds of change blowing in right direction as latest GDP figure signals end to recession

South Africa is facing one of its most critical national elections since 1994, which will have significant repercussions for the country’s economic, as well as political, future. This was the message at Old Mutual Investment Group’s latest investment briefing, where, following the release of the latest positive GDP figure, presenters pointed out that uncertainty will […]

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‘Eskom can’t fix systemic problems by hiking tariffs’

  The Organisation Undoing Tax Abuse (OUTA) says it has submitted objections to Eskom’s requested price increases to the National Energy Regulator (NERSA). (more…)

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

S&P keeps SA’s credit ratings unchanged

Last night S&P announced a decision to affirm South Africa’s long term foreign and local currency debt ratings at ‘BB’ and ‘BB+’ respectively, and maintain the stable outlook. According to S&P, the rating affirmation is underpinned by the following drivers: “Anemic economic growth in 2018 and high contingent liabilities continue toweigh on South Africa’s fiscal […]

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Paul Pryor

Global Insurers Pulling Out of Coal Mining

  With rising concerns about global warming and a push toward ethical underwriting, mining companies operating in today’s landscape are facing a unique set of insurance challenges. (more…)

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Gielie de Swardt

US economy ‘performs well in July’

By Gielie de Swardt, Head of Retail Distribution at Sanlam Investments. (more…)

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Maarten Ackerman

Eskom wage hikes unsustainable, says economist

High levels of debt and muted demand for electricity mean that above-inflation wage increases for Eskom workers are simply not sustainable in the long-term, especially if South Africa is to avoid further credit ratings downgrades, warns Citadel Chief Economist Maarten Ackerman. (more…)

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Africa for Africans (with a little help from China)

By Terence Gregory, CEO Ecsponent Limited On Tuesday, China pledged to invest $14.7bn in South Africa and grant loans to Eskom and SAA. While this investment brings the country closer to President Ramaphosa’s target to raise US$ 100 billion in foreign direct investment, some argue that China’s intentions are not what they seem. It is said […]

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