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Wage talks aggravate South Africa’s Eskom reform woes

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SOUTH AFRICA

The contest over wages is a proxy for unions’ broader resistance to the turnaround plan to address Eskom’s parlous financial and operational situation. The outcome will affect…

Wage deal may slightly ease South African power woes

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SOUTH AFRICA

The strikes exacerbated the already-serious strain on electricity generation, leading to the highest level of nationwide power outages since 2019. Economic damage and public…

South African treasury changes may undermine targets

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SOUTH AFRICA

Since Gigaba controversially replaced Pravin Gordhan in March, the National Treasury has made a series of key personnel changes, including the position of chief procurement…

Murky politics to hit South Africa power utility plans

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SOUTH AFRICA

Tsotsi faces a potential no-confidence vote over his handling of the utility's mounting crises which are imperiling power supplies and recently spurred the utility's second 'junk'…

South Africa's Eskom faces formidable reform tests

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SOUTH AFRICA

The appointment follows Minister of Public Enterprises Pravin Gordhan's reconstitution of the Eskom board in January, aimed at restoring credible governance to the utility, which…

Prospects for African economies in 2017

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PROSPECTS 2017

Prospects for African economies in 2017.

Budget will not offset South Africa junk rating risk

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SOUTH AFRICA

Fiscal outlook for South Africa.

South Africa's budget framework will not allay market

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SOUTH AFRICA

The policy statement gives the government's projection of economic growth and government spending. Gigaba announced that growth for the 2017/18 fiscal year is projected at 0.7%…