by Ben Pieters | Jul 1, 2022 | SOEs
The cost of Eskom load shedding The cost of Eskom load shedding is running into billions per day. This week saw South Africa’s worst week of load shedding at Stage 6 lasting for several days. The last time SA had Stage 6 load shedding was in December 2019 and it...
by Ben Pieters | Apr 12, 2020 | For:Sight, SOEs
Business Day on Thursday 9 April reported that with the entrance of Andre de Ruyter in January there has been a concerted effort to address the operational issues at Eskom. However, resolution of the political hot potato of how to restructure the R450bn debt remains...
by Ben Pieters | Mar 13, 2018 | For:Sight, SOEs
Excellent, clear and logical article by Sikonathi Mantshantsha, deputy editor of Financial Mail on what is wrong with SAA, compared to Comair, a private sector airline operator. Comair has paid more than R350m in the past two years in income tax, only to see it...
by Ben Pieters | Mar 9, 2018 | For:Sight, SOEs
Auditor-general Kimi Makwetu has questioned why South African Airways (SAA) did not report reasons for not adopting a resolution to file for business rescue while the company was in financial distress, as required by the Companies Act. “The history of losses, lack of...
