South Africa’s State power utility Eskom favours burning more domestically sourced gas as it transitions away from coal, its Chief Executive Officer Andre de Ruyter said. With the structure of the nation’s demand changing and more renewable technology being added … Read More
South Africa’s Monetary Policy Committee kept interest rates on hold at 8.25% in its first meeting of the year, having left the benchmark rate unchanged at a 14-year high for the past nine months. This was in line with economists’ … Read More
President Cyril Ramaphosa’s economic policy platform – otherwise known as the ‘New Deal’ for South Africa – does not represent a significant philosophical departure from stated objectives in the existing National Development Plan (NDP), but Ramaphosa’s focus on economic stewardship … Read More
Amid a downturn in new-vehicle sales and a challenging economy, JSE-listed automotive holding company Motus achieved consistent operating profit, normalised headline earnings per share (HEPS) and revenue growth for the six months ended December 31, 2018, compared with the six … Read More
The decision by the Passenger Rail Agency of South Africa (PRASA) to terminate contracts of 20 private security companies at the end of October has left railway infrastructure vulnerable to vandalism, says the United National Transport Union (Untu). In a … Read More