McKinsey Africa has agreed to pay $123 million in a deferred prosecution agreement with the US Department of Justice for its role in a bribery scheme involving Eskom and Transnet.
Eskom’s MYPD 6 revenue application indicates that the projected 36.15% price increase for FY2026 results from 10 new Negotiated Pricing Agreements, past regulatory decisions, rising coal-based energy costs, increased operating expenses, and an impending carbon tax.
Actuarial calculations may affect the costs and time for defined-benefit fund withdrawals, depending on the rules of the fund and the complexity involved.
Old Mutual Insure unpacks the impact of loadshedding on the insurance industry and the outlook for a stable electricity supply.
Of six state-owned companies, only one has paid a dividend over the past five years.
Data on Eskom’s medium-term outlook suggests it may not yet be time for commercial and industrial companies to abandon their contingency plans to ensure security of supply.
Fitch’s recent affirmation of the country’s BB- rating underscores concerns about weak GDP growth, power shortages, faltering logistics, and a rising government debt-to-GDP ratio.
The lockdowns provided illicit traders with a golden opportunity to expand their activities, report says.
SAIA is concerned about consumers’ perceptions of the insurance industry as covers are removed but premiums increase.
Old Mutual sets minimum salary | Apex to manage Eskom retirement fund
The board’s rushed decision, based on unaudited interim figures, put the shareholder’s interests above those of the policyholders, tribunal says.
The country is in a position similar to the one it was in before the apartheid system collapsed.
An overview of three on-site power options: diesel generators, biogas and solar.
To be or not to be, that was the question for Mark Boucher and André de Ruyter.
A major concern is the contingent liability guarantees of municipalities and some of the state-owned enterprises.
South Africa should make the R350-a-month Social Relief of Distress (SRD) grant permanent, increase the rate of value-added tax from 15% to 17%, and reform the “distortive” personal income tax system, the Organisation […]
“With renewed lockdown measures, the return of load shedding, mounting debt and shattered confidence, the outlook for 2021, with a few exceptions, is bleak,” according to Ed Stoddard of Business Maverick. He recently […]
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