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’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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.