Flash Briefing: Joburg, Cape Town to break chains with Eskom; World Bank debt warning to SA: DA in Tshwane victory
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* South Africa’s biggest cities are preparing to source their own power after the energy ministry approved letting them wean themselves off state utility Eskom.
* The World Bank has told South Africa’s government it has to cut its wage bill to qualify for a loan of as much as $2 billion and doesn’t want the money used to bail out insolvent state companies.
* The DA won a court case on Tuesday that clears the way for it to retake control of the Tshwane municipality, which includes the capital, Pretoria.
* Any chance that investors will soon be tempted to buy the battered stocks of South Africa’s locally focused companies will be tested Wednesday when Finance Minister Tito Mboweni presents his medium-term budget.
Investors will need evidence of real and achievable reforms Learn more about your ad choices. Visit megaphone.fm/adchoices
* The World Bank has told South Africa’s government it has to cut its wage bill to qualify for a loan of as much as $2 billion and doesn’t want the money used to bail out insolvent state companies.
* The DA won a court case on Tuesday that clears the way for it to retake control of the Tshwane municipality, which includes the capital, Pretoria.
* Any chance that investors will soon be tempted to buy the battered stocks of South Africa’s locally focused companies will be tested Wednesday when Finance Minister Tito Mboweni presents his medium-term budget.
Investors will need evidence of real and achievable reforms Learn more about your ad choices. Visit megaphone.fm/adchoices
