South African Finance Minister Enoch Godongwana Raises Concerns Over Transnet’s Rail Performance and Economic Impact
South Africa’s Minister of Finance, Enoch Godongwana, recently delivered the Medium-Term Budget Policy Statement (MTBPS) in Parliament, bringing to light the financial challenges faced by the state-owned entity, Transnet. In his address, Minister Godongwana emphasized the grave consequences of Transnet’s poor rail performance, which he believes poses a substantial threat to the nation’s economy. Furthermore, […]
Internet and Phone Networks Disrupted in Gaza Strip Amid Ongoing Conflict
The Gaza Strip, a war-torn region marked by a history of conflict and strife, recently experienced a second major blackout in less than a week, with its internet and phone networks going offline. This unsettling development was confirmed by the Palestinian Telecommunications Company (Paltel), further exacerbating the challenges faced by the people of Gaza who […]
AA’s Optimistic Outlook: Sustained Fuel Price Relief for the Festive Season
The Automobile Association (AA) has announced some welcome news for motorists as fuel prices are set to decrease, providing relief during the upcoming festive season. While this decrease is certainly good news, it’s essential to understand the broader context of fuel prices throughout the year. In this essay, we will delve into the recent fuel […]
The Soaring Municipal Debt Crisis at Eskom
Eskom, South Africa’s state-owned power utility, has been grappling with a mounting municipal debt crisis, which poses significant challenges to its financial stability. This article examines the growing debt crisis, its impact on Eskom, and the efforts to address this issue. The Escalating Municipal Debt: Eskom’s municipal debt has skyrocketed to approximately R60 billion, […]
South Africa’s Concerns Over the UAE’s Handling of Gupta Extradition Request
The extradition of the Gupta brothers, Atul and Rajesh, from the United Arab Emirates (UAE) to South Africa has been a matter of significant concern and contention. South Africa’s Justice Minister, Ronald Lamola, recently expressed dissatisfaction with the UAE’s response to the extradition request, particularly regarding money laundering charges. This article delves into the details […]
What China wants from Israel-Hamas war
As the conflict between Israel and Hamas intensifies, an unlikely development has emerged – China playing the part of peace broker. But there are limits to what it can achieve. China’s top diplomat, Wang Yi, discussed the conflict with officials in Washington at the weekend amid fears of a bigger regional war. The US has […]
Former Eskom CEO Andre de Ruyter scores R7 million payday
Eskom has published its consolidated annual financial results, which revealed the remuneration package of former CEO Andre de Ruyter. In its full-year financials for the 12 months ending 31 March 2023 on Tuesday (31 October), Eskom reported a massive loss of R23.9 billion for the 2022/23 financial year, exacerbated by a huge escalation in load […]
