In the coming days, we will be announcing a package of measures to stabilise and improve Eskom’s financial, operational and structural position and to ensure security of energy supply for the country.”
President Cyril Ramaphosa has directly addressed key concerns of mining companies and investors in the sector around electricity prices and supply, as well as SA's land reform plans, BusinessLIVE reported.
Speaking at the Mining Indaba in Cape Town, Ramaphosa admitted that Eskom was currently facing significant operational, financial and structural challenges, but said government was giving detailed attention to the crisis.
“The new administration here, led by a man who understands the global economy very well, certainly has an extremely difficult task ahead to ensure that South Africans who suffered untold misery under apartheid don’t run out of patience with the el...
President Cyril Ramaphosa has told delegates at the Mining Indaba in Cape Town that the government will not allow Eskom to fail.
"To bring credibility to the turnaround and to position South Africa’s power sector for the future, we shall immediately embark on a process of establishing three separate entities – Generation, Transmission and Distribution – under Eskom Holdings.
South Africa's President Cyril Ramaphosa addresses the Investing in African Mining Indaba conference in Cape Town, South Africa February 5, 2019.
Explaining his reasoning, Mantashe, who has been SA’s mineral resources minister for a year, said there was a policy and legislative framework that would give investors certainty around what was expected from them and the regulatory environment in...
The Minerals Council said it was looking forward to the imminent announcement of a package of measures to stabilize and improve Eskom's financial, operational and structural position and to ensure security of energy supply for the country.
Cape Town - Investors need not fear that their investments and assets will be taken away from them during land expropriation without compensation as this measure will be undertaken in a way that does not undermine the principles of South Africa’s ...
In a recent issue of the Financial Mail, respected economist Azar Jammine argued that it was this policy debate that had wiped out the prospects of turning President Ramaphosa's "New Dawn" into an economic windfall.
South Africa's mineral resources minister Gwede Mantashe addresses the Investing in African Mining Indaba on February 4.
CAPE TOWN – South Africa's government faces a tough balancing act as it tries to attract foreign investors into the key mining sector while also pledging to seize land without paying compensation.
CAPE TOWN – The most critical challenges facing South Africa is the sustainability of Eskom which would require some sort of workable solutions but not the price increases, Minerals Council of South Africa chief executive, Roger Baxter said on Tue...
After months of damning corruption and thuggery allegations at the Zondo Commission into State Capture, the public has demanded to know what measures Ramaphosa will take to ensure justice.
South Africa’s debt-laden power utility raced to stabilise the grid by resorting to the most intense supply cuts in four years while Moody’s Investors Service warned a plan to fix it fell short.
Cape Town - President Cyril Ramaphosa said on Thursday that government would support the balance sheet of the troubled State-owned power utility Eskom, but said that this would be done without burdening the fiscus with unmanageable debt.
CAPE TOWN – Trade and Industry Minister Rob Davies on Tuesday said the South African government has prioritised investment and mineral beneficiation due to its capacity to grow the economy and create jobs.
In his address to parliament last year, two days after Jacob Zuma resigned from office, Ramaphosa vowed a “new dawn”, promising economic revival and to fight endemic corruption, earning him plaudits even from the opposition benches.
The State of the Nation Address (SONA 2019) is only a couple of days away and South Africans are waiting with baited breath to hear what President Cyril Ramaphosa will prioritise this year.
In his address to parliament last year, two days after Jacob Zuma had resigned from office, Ramaphosa vowed a "new dawn", promising economic revival and to fight endemic corruption, earning him plaudits even from the opposition benches.