South Africa’s debt crisis is mounting and won’t be a short-lived experience but is instead a process happening right now in perpetuity as the treasury struggles to keep additional spending pressures under control says Wits adjunct professor Michael Sachs. Since 2018, the government’s response to rising debt costs has been to implement a programme of …
Embattled power utility, Eskom, has approached the Constitutional Court to argue that it should not have to provide two indebted municipalities with more electricity than what has been agreed upon in prior arrangements. Eskom is looking for leave to appeal a high court ruling from August 2020 that directed it to provide more electricity to …
While you were asleep: Eskom heads to the ConCourt over unpaid municipality bills Read More »
We begin the new week with KwaZulu-Natal, just as the embattled province was finding its way after an onslaught of heavy rain and flooding hit the province last month killing over 400 and displacing thousands, KZN was hit with more extreme weather over the weekend. The South African Weather Service (SAWS) issued an orange Level-6 …
While you were asleep: A new round of flooding causes havoc in KZN Read More »
As the war in Ukraine rages on and Russian President Vladimir Putin remains steadfast in his mission to continue with the onslaught on his country’s closest neighbours, other European nations have started the process of joining the North Atlantic Treaty Organisation (Nato) Earlier this week, Finland and Sweden formally applied to join the military alliance …
While you were asleep: Diving into Finland and Sweden’s potential Nato membership Read More »
The world has become accustomed to soaring costs and regular increases in interest rates from central banks, and South Africans should be prepared for yet another interest rate hike today when the SA Reserve Bank announces the decision of its monetary policy committee (MPC) meeting. South Africa’s consumer price index came in at 5.9% yesterday, …
While you were asleep: Brace yourselves for a steep interest rate hike Read More »
Elon Musk looks to be getting a bout of cold feet with his impending marriage to Twitter on the rocks after the billionaire questioned the company’s claim that less than 5% of users on the platform are bots and threatened to pull the $44 billion sale unless the claim could be verified. But is his …
Get ready for a massive fuel price increase next month, which will hit our wallets like a runaway freight train. The Automobile Association (AA) is predicting huge increases across the board, with a litre of petrol likely to cost R3.47 more than at current levels. The latest estimates predict an increase of between R1.93 and …
While you were asleep: Fuel price increases like “never seen before” on the horizon Read More »
We kick off the new week with a look at Eskom after a week of load-shedding there is more expected for the week ahead but how is the embattled power utility supposed to operate efficiently when its own employees are in cahoots with crime syndicates? The outstanding investigative journalism house, amaBhungane, has uncovered yet another …
While you were asleep: The great fuel heist at Eskom Read More »
As we head into the weekend, we begin this morning with a look at the war in Ukraine, where Russian military operations have not gone to plan since the very beginning of the invasion, as Russian President Vladimir Putin believed he would be able to sack the country and install a puppet regime in a …
While you were asleep: Finland will push to join Nato amid Russia’s invasion of Ukraine Read More »
If there is to be any hope of keeping the lights on in the future, then Eskom will have to add 50,000 MW to its energy generation capacity over the next 13 years – that’s more than the whole of the power utility’s present capacity. Eskom executives were briefing the media on Wednesday with CEO …
While you were asleep: Only way to stop load shedding is to double capacity Read More »
