Tag: Pravin Gordhan
One of the power stations that were meant to be the saviour of South Africa’s power supply is causing controversy, even before it’s in full working order. In an explosive letter, Public Enterprises Minister Pravin Gordhan named contractors that he says Eskom over-paid by R4 billion, in the construction of Kusile power station. Sikonathi Mantshantsha, National Spokesperson of Eskom joins CNBC Africa for more
Yesterday’s sitting of the much anticipated State of the Nation address did not disappoint on the drama but many are reviewing key points made by Cyril Ramphosa such as private power production, the plan to establish a state bank and the crisis of unemployment. Joining CNBC Africa to unpack the SONA address is Sanisha Packirisamy, Economist at Momentum Investments, Kwena Mabotja, Africa Director for SAP Next-Gen and a Mandela-Washington Fellow and Xolisa Nqodi, Managing Director of Shesha Tuks.
Is Minister Pravin Gordhan on a fool errant in his strategy to save South African state owned companies through good governance? Eunomix CEO, Claude Baissac argues the Minister is attached to a model of public ownership that is unfounded in economics and is ruinous to the Treasury and country.
South African government has revealed that plans are in place for struggling power utility, Eskom to be separated into three entities around 2022. Eskom which is cited the biggest risk to Africa’s most industrialised economy, will be split into units for generation, transmission and distribution. Minister of Public Enterprises, Pravin Gordhan spoke to CNBC Africa for more.
South Africa will be waiting in anticipation tomorrow to hear what the Finance Minister, Tito Mboweni has to say as he addresses government plans for the next three years at the medium-term budget policy statement. CNBC Africa's Kopano Gumbi filed this special report.
As Public Enterprises Minister, Pravin Gordhan announced a special paper on Eskom and unemployment hit a 11 year low the Currency took a hit. The rand reversed the gains of recent past, losing as much 20 cents to the dollar. Will tomorrow's medium-term budget policy statement by Finance Minister Tito Mboweni also wag the currency tail? What will happen to our state owned enterprises? Xhanti Payi, Lead Researcher and Economist at Nascence Advisory joins CNBC Africa for pre medium-term budget policy statement (MTBPS).
Following the spate of xenophobic attacks in South Africa, many businesses with African operations have been affected as property and stock has been damaged and violence against employees has resulted in death. The South African Chamber of Commerce and Industry has called on business leaders and the police top brass to find a solution to the ongoing violence against other Africans in South Africa. CNBC Africa's Kopano Gumbi spoke with SACCI CEO, Alan Mikoki for more.
CNBC Africa's Fifi Peters spoke with the Public Enterprises Minister Pravin Gordhan on the future of state owned enterprises in South Africa.