R/€ = 15.91 Change: -0.26
R/$ = 13.57 Change: -0.14
Au 1267.15 $/oz Change: -0.95
Pt 867.00 $/oz Change: 2.83


Calls made for far-reaching Eskom restructuring as sustainability risks mount

By: Terence Creamer     9th January 2018 Eskom’s current financial situation makes it difficult to see any other path to sustainability than that of drastic cost-cutting, restructuring and bringing private equity into the business, Energy Intensive Users Group of Southern Africa (EIUG) past chairperson Piet van Staden argues. In an... 

Eskom’s business model is ‘no longer fit for purpose’ 

By: Terence Creamer     17th November 2017 Organised business made an impassioned plea this week for government to urgently review Eskom’s business model, which it said was “no longer fit for purpose”. In a presentation to the National Energy Regulator of South Africa, business also warned that, in the absence of a holistic view within... 

Stakeholders to push back at upcoming hearings into Eskom’s 2018 hike 

By: Terence Creamer     14th September 2017 The National Energy Regulator of South Africa (Nersa) has outlined the process it will be following to assess Eskom’s request for a 19.9% tariff increase for the 2018/19 financial year, setting a deadline of October 13 for the submission of written comments. Nersa has approved Eskom’s request to... 

Eskom at a sustainability ‘tipping point’, business and labour warn

By: Terence Creamer     8th September 2017 Business and labour raised serious questions on Friday about the sustainability of State-owned electricity producer Eskom in light if its current governance failings, which were now undermining its financial health to the point where government could be force to assist the utility in meeting its... 

Busa outlines vision for deracialised economy as it makes transformation mea culpa

By: Terence Creamer     27th June 2017 Business Unity South Africa (Busa) released its vision on Tuesday for accelerating the deracialisation of the South African economy, acknowledging that the pace and depth of transformation had been insufficient, to date, and that business needed to be more proactive in driving a “culture” of... 

Business warns of ‘negative spiral’ after reshuffle-induced downgrade

By: Terence Creamer     4th April 2017 Business has warned of a possible “negative spiral” for the country’s economy as a result of President Jacob Zuma’s “ill-considered” March 31 Cabinet reshuffle, which led S&P Global Ratings to downgrade South Africa’s sovereign credit rating to the subinvestment-grade status of BB+, with a... 

Business warns of downgrade threat amid Gordhan uncertainty

By: Natasha Odendaal     28th March 2017 The Chamber of Mines (CoM) is the latest business entity to express concern that President Jacob Zuma’s unexpected decision to cut short an international investor roadshow led by Finance Minister Pravin Gordhan will leave investors unsettled and raise the possibility of a downgrade. Media reports... 

Business finds voice, but holds back from calling for Zuma’s head

By: Terence Creamer     2nd November 2016 In an action that is unprecedented since the advent of democracy in South Africa, organised business has united with religious and civil society groups behind a campaign, known as Save South Africa, which is deeply critical of the current state of government. Business, nevertheless, refrained... 

BLSA appoints Mabuza as chair as it unveils new leaders

By: Creamer Media Reporter      21st October 2016 Business Leadership South Africa (BLSA) has announced the appointment of Telkom’s Jabu Mabuza as its new chairperson and Shell South Africa’s Bonang Mohale as its deputy chairperson after a council meeting, which also approved a new board of directors for the big business grouping. Mabuza and... 

Andile Sangqu to head Anglo South Africa 

By: Martin Creamer     28th May 2015 Andile Sangqu, former Xstrata and current Impala Platinum executive and new VP of the Chamber of Mines of South Africa, has sprung to further prominence as the new executive head of Anglo American South Africa. Anglo American plc also announced on Thursday that Kumba Iron Ore CEO Norman Mbazima... 

Anglo American director appointed as Busa CEO

By: Leandi Kolver     5th December 2014 Mining major Anglo American director Khanyisile Kweyama has been appointed CEO of Business Unity South Africa (Busa) for a two-year term starting January 2, 2015. Anglo American had agreed to second Kweyama for this period. 

Labour market peace plan, minimum wage roadmap endorsed at Indaba

By: Terence Creamer     4th November 2014 Deputy President Cyril Ramaphosa described Tuesday’s Labour Relations Indaba as the first step in a process of negotiating “concrete” solutions to South Africa’s prevailing labour market instability, as well as serious wage inequality. Following the meeting, hosted under the aegis of the National... 

Statement by Business Unity South Africa, extends condolences to the Mandela family (06/12/2013)

6th December 2013 As Business Unity South Africa (BUSA), we offer our condolences to the Mandela family during this difficult time. While we mourn the passing of the world’s icon of democracy and reconciliation, the business community has every reason to celebrate his contribution to the foundation of South... 

Amid growing labour-market strife, calls made for Nedlac review 

By: Terence Creamer     20th September 2013 The South African government has hit out at those calling on it to play a more direct role in the resolution of increasingly violent industrial-relations disputes, saying institutions have been created to deal with such disputes. But it acknowledges that the labour-relations climate is currently... 

Brics business leaders to offer counsel on new bank, future trade paradigm

By: Terence Creamer     19th August 2013 Business leaders from Brazil, Russia, India, China and South Africa (Brics) have converged in Johannesburg for their first formal face-to-face meeting, following the establishment of the Brics Business Council at the fifth summit of the emerging-market bloc in Durban earlier this year. The... 


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