He was once my journalism mentor, but today News24 exposes Willem Breytenbach as a sexual predator, writes Adriaan Basson.
An analysis by Moody's of 18 rated companies in South Africa shows that liquidity levels are adequate, but are weakening.
The controversial R5bn bridging facility extended to Eskom may have breached the PIC’s investment mandate, which bars it from investing in non-investment grade assets, the DA has argued.
The Portfolio Committee on Public Enterprises is encouraged by the decisions the new Eskom board is taking, but is still concerned about the power utility’s liquidity.
Denel CEO Zwelakhe Ntshepe said that the state defence manufacturer managed to pay its employees in December, but liquidity remains a problem.
The state utility says it has scheduled the announcement for this week, after its bonds faced suspension from the JSE.
Finance Minister Malusi Gigaba has warned that if Eskom is not dealt with urgently, South Africa's whole economy could collapse by the time the World Economic Forum in Davos ends.
Eskom executives' plea for a tariff hike of 20%, has been met with a tough response from members of the National Energy Regulator of South Africa.
Struggling power utility Eskom’s poor governance has left it teetering on the edge of insolvency, with only R1.2bn of liquidity reserves expected to be in hand at the end of the month.
China will cut the reserve requirement ratio and improve funding conditions this month, as liquidity tightens toward the Spring Festival holidays, the country’s largest securities firm says.
Eskom received a lifeline on Monday when the Public Investment Corporation (PIC) agreed to grant it a short term loan of R5bn, to keep the struggling enterprise afloat.
Eskom’s latest interim financial results have sparked hope for a recovery inside Eskom, despite the deep concerns they highlight, says OUTA.
New interim CEO Phakamani Hadebe says Eskom's poor leadership sparked the crisis that led to its financial woes and questions around its status as a going concern.
Eskom's pressure on South Africa's fiscus could see further credit downgrades from the rating agencies, a new risk report from Investec has warned.
Eskom has denied that it faces imminent bankruptcy, as reports of its dire financial situation raised concern.
National Treasury says the national regulator’s decision on whether to grant Eskom a tariff hike, as well as R60bn in clawback tariffs, could help improve the state utility’s liquidity squeeze.
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