We are working hard to resolve Eskom’s R78bn municipal debt crisis, says Ramokgopa

Helmo Preuss|Published

Electricity and Energy Minister Kgosientsho Ramokgopa says that his ministry is working hard with the South African Local Government Association to resolve Eskom’s ...

Ramokgopa says 35,000MW available capacity achieved for first time since 2018

Helmo Preuss|Published

Electricity Minister Kgosientsho Ramokgopa has revealed that a significant milestone was achieved by Eskom with available capacity reaching 35,000MW, a level of ...

DBSA to fund 36 renewable energy projects worth R17 billion

Helmo Preuss|Published

The Development Bank of Southern Africa has committed funding to 36 projects in South Africa’s Renewable Energy Independent Power Producer Procurement Programme ...

Ramokgopa says focus must shift to distribution network as generation capacity improves

Helmo Preuss|Published

Electricity and Energy Minister Kgosientsho Ramokgopa has shifted his attention to the distribution network of electricity at municipal level as the lack of investment ...

‘Concerted effort’ by Eskom brings back 7,000MW of capacity - Ramokgopa

Helmo Preuss|Published

Electricity Minister Kgosientsho Ramokgopa said that a “concerted effort” by Eskom has brought back 7,000 Megawatts (MW) of capacity since May, 2023.

Transnet hopes to turn corner with second phase of recovery plan

Helmo Preuss|Published

Transnet has remained optimistic about turning the corner on its operational, financial and governance challenges and fulfilling its strategic role in the economy ...

Eskom to present winter plan amid load shedding suspension

Helmo Preuss|Published

Eskom will deliver its electricity outlook for the winter period at the end of this week, on the back of 26 consecutive days of uninterrupted suspension of load ...

Budget 2024: Two-pot retirement will be implemented from September 1

Helmo Preuss|Published

The two-pot retirement reform allows pre-retirement access to a portion of one’s retirement assets in times of personal stress such as medical bills or unemployment. ...

Eskom faces shortfall of up to 700 million tons of coal in the future

Helmo Preuss|Published

This could provide an opportunity for emerging miners to fill this gap as the large producers step aside.

MTBPS: Debt service will swallow a fifth of revenue this year

Helmo Preuss|Published

The Medium-Term Budget Policy Statement noted that debt-service costs will continue to grow and would swallow a fifth of revenue this fiscal year.

MTBPS 2022: Eskom dominates media questions

Helmo Preuss|Published

Questions related to Eskom dominated the media briefing as journalists wanted to know why the resolution had been delayed to the February 2023 Budget, what was the ...

Debt to GDP ratio set to stabilise near 75%, says Godongwana

Helmo Preuss|Published

The 2022 Budget aims to stabilise the debt to GDP ratio near 75 percent compared with 78 percent projected in the November 2021 Medium-Term Budget Policy Statement ...

Treasury revises GDP to show 4. 8% growth in 2021 - Minister Godongwana

Helmo Preuss|Published

The Treasury has revised its forecast of growth in the South African economy in 2021 to 4. 8% from 5. 1% projected in the November 2021 Medium-Term Budget Policy ...

National Treasury will reduce debt issuance relative to 2020/21 outcome due to better than expected revenue

Helmo Preuss|Published

Better than expected revenue has allowed the Treasury to reduce expected debt issuance relative to the 2020/21 outcome.

Treasury revises the country’s GDP to show 5. 1% growth in 2021

Helmo Preuss|Published

Nominal GDP is the denominator for a host of key metrics, such as the fiscal deficit to GDP ratio and the debt to GDP ratio.

Use your Vodacom airtime to buy Xbox games

Helmo Preuss|Published

Vodacom has announced a partnership with Microsoft which allows subscribers to buy Microsoft products with airtime.