DA challenges Ramaphosa to support its court bid against electricity tariff hike
(EWN) – The Democratic Alliance says Cyril Ramaphosa’s announcement that he has asked Eskom to reconsider its 18.65% tariff hike is nothing more than a publicity stunt and the party has challenged the president to support its court bid. READ MORE.
Eskom’s rolling blackouts — 26 years of ANC meddling, manipulation and vested interests
(Daily Maverick) – Ramaphosa’s asking of Eskom to halt its tariff increases is yet another example of the government’s willingness to meddle in Eskom’s affairs over the past 26 years, which has served to do nothing but bring the power utility to its knees. READ MORE.
Prosus to cut 30% of corporate staff in 15 locations, including SA
(News24 via Bloomberg) – Prosus is the latest global tech company to announce layoffs in an increasingly difficult economy. The Amsterdam-listed and Naspers-owned tech company said it would slash its corporate staff complement by 30%. READ MORE.
What’s happening in the markets?
(Business Day) – The JSE reversed its gains on Wednesday as investors digested corporate earnings reports from the US. The All-Share Index fell 0.39% to 79,725 points having touched record highs in previous sessions. At 06.11 am, the rand was trading at R17.1102 against the dollar. READ MORE.
