Privatisation talk in South Africa shows how state owned enterprises are being used as tools for enrichment by the connected and less as key elements of development.
South Africa needs to decide if it will continue to waste public money on its national carrier, or incur the costs of letting SAA go bankrupt.
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South Africa’s 14 point plan to achieve economic recovery lacks detail and vision of how the country is going to get itself out the prevailing economic crisis.
The Gupta email leaks have exposed the involvement of some big private corporations. in the unfolding corruption scandal thus challenging the private sector to do some introspection.
Public Enterprises Minister Lynne Brown citing cost as a reason to stop the last phase of renewables.
Flickr/GovernmentZA
Eskom’s stand threatens the viability of the entire renewable energy sector in South Africa, something which plays into the hands of those pro coal and nuclear.
Demonstrators march against corruption in South Africa.
Reuters/Mike Hutchings
The scandals surrounding South Africa’s power utility, Eskom, were caused by the neglect of corporate governance rules by the board, the executive authority, and the public enterprises minister.
A government of national unity has served South Africa well before. It should consider forming another after President Jacob Zuma leaves office.
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South Africa needs to start thinking about life after President Jacob Zuma. Given the damage that he’s done, serious thought should be given to forming a government of national unity.
A protester calling for President Jacob Zuma’s removal.
Reuters/Mike Hutchings
The misfortunes experienced by Brian Molefe, the CEO of South Africa’s power utility Eskom, shows that the battle for the country’s public purse is not a one way bet.
South Africa’s power utility, Eskom, desperately needs a tariff hike.
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A closer look at the supposed successes of Brian Molefe at South Africa’s power utility, Eskom, shows that they are not what they have been made out to be. They are paper thin.
Energy Minister Mmamoloko Nkhensani Kubayi (R) being sworn in.
EPA
The South African government is not giving up on its push for a controversial nuclear power plan. But it’s chances of succeeding have been greatly reduced.
Indian and Chinese representatives mark the launch of the New Development Bank.
EPA/XING ZHE CHINA OUT
The Cape High Court ruling which declared South Africa’s nuclear energy plan as illegal may have put paid President Jacob Zuma’s ambitions of clinching the deal while he is still in office.
What has been lost in stating the case for South Africa’s credit rating is a tangible plan for strengthening governance and regulation of its state owned enterprises.
Airports Company of South Africa, a majority state owned enterprise, is set to be hit by a regulatory own-goal that puts further pressure on the country’s credit rating.
Finance minister Pravin Gordhan, his deputy Mcebisi Jonas, and Reserve Bank Governor Lesetja Kganyago.
GCIS
The decision to give former Eskom CEO, Brian Molefe, a seat in the country’s parliament comes with the potential to cause great economic pain for South Africa.
President Jacob Zuma delivers his State of the Nation Address (SONA).
Sumaya Hisham/Reuters
South Africa’s President, Jacob Zuma, promised radical economic transformation in his 2017 state of the nation address. A lot of what he said in support of this promise is alternative facts.
South Africa’s President Jacob Zuma is part of a faction which embraces patronage politics.
Reuters/Mike Hutchings
It is common to reduce the politics of the ANC to a battle between personalities. A closer look suggest that this is a fight between two factions, both of them products of trends in the economy.