It is ironic that coal fired power plants contribute to climate change which could result in the malfunctioning of the power plants, writes Melanie Verwoerd.
Scattered clouds. Cool.
'South Africa doesn’t have the money to provide that kind of assistance,' a spokesperson for National Treasury has said.
President Cyril Ramaphosa says there are no specific conditions on the R33bn loan to Eskom, extended by the China Development Bank (CDB).
A group of Steinhoff bondholders may inject about $300m into the retailer’s troubled US bedding unit Mattress Firm as part of a bankruptcy filing, according to sources.
SA Reserve Bank deputy governor and registrar of banks Kuben Naidoo has told Fin24 that he is not aware of any new probes into Capitec Bank.
The new loan came in the nick of time for the cash-strapped state-owned enterprise.
MTN says it has assigned a long dated R2.8bn shareholder loan to Nigerian teleco company IHS Holding, negatively impacting the company's 2017 profit.
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The PIC has a sizeable investment in cement manufacturing company Afrisam, which is weighed down by over-supply in the market.
Power utility Eskom has entered into a loan agreement with the African Development Bank Group for R2.8bn and $25m, over R3bn in total.
Minister of Public Enterprises Pravin Gordhan told Members of Parliament in a written reply to questions that the R290m loan which the Johannesburg Metropolitan Municipality paid to Denel was lawful.
Two Chinese banks concluded separate loans worth a combined R37bn with Eskom and Transet this week, but the interest charge on the debt has not been disclosed.
Eskom has confirmed that the R5bn short-term loan it received from the Public Investment Corporation will be paid back on Thursday.
Former interim Eskom CEO Sean Maritz is facing increasing scrutiny for his role in signing off on a questionable R400m payment from the power utility to a Hong Kong bank account.
The Industrial Development Corporation should have foreseen that it was risky to convert a loan to Oakbay Resources into shares, says a corporate banking principal.
Unsecured lending could help lift the SA economy which is expected to grow by less than a percent this year, says economists.
Investment holding company HomeChoice International’s half-year results were boosted by retail sales, while the financial services business battled with new laws impacting interest income.
The IMF and the World Bank are “Westernised” institutions with no regard for democracy, the ANC has said in a paliamentary debate over SA's relationship with the two lenders.
The word of religious leaders and recommendations by family and friends are often used as proof of credibility by scam artists to promote money schemes, says an expert.
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