Blackouts back on radar as coal shortage grips Eskom

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By Paul Burkhardt (Bloomberg) – Stocks of coal remain low at Eskom Holdings SOC Ltd.’s 15 baseload stations, presenting a risk of power cuts at any time in South Africa just as it makes efforts to regain investment. The state-owned utility that provides about 90 percent of the nation’s electricity is looking to procure the fuel… Read More

SA feels its way through the complex global pollution debate

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CAPE TOWN — It would seem from her reported comments on the impending round of global climate talks that South Africa’s deputy energy minister, Thembisile Majola, is at least a pragmatist, unaffected by the heated debate on both sides of the energy supply-source electric fence. She draws the line at copying and pasting First World solutions… Read More

Billionaire Motsepe gets going with challenging SA banks

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JOHANNESBURG — TymeBank’s launch has been a long time coming and it’s recently quietly got going after winning a licence from SARB. The bank is completely branch-less and after Commonwealth Bank of Australia exited the business, Patrice Motsepe’s African Rainbow Capital has taken over it and started signing up customers. The timing of this below… Read More

SAA could soon be a stock in your portfolio

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EDINBURGH — South African Airways (SAA) has been sucking billions out of taxpayers’ coffers, as former president Jacob Zuma and his friends used the airline as a place of employment for friends who had no idea how to run an organisation of this nature. Until recently there hasn’t been the political will to cut SAA… Read More

Vodacom earnings up on increased data sales, international market pick-up

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By Loni Prinsloo (Bloomberg) – Vodacom Group Ltd. said first-half earnings improved after the wireless carrier with the most South African customers saw accelerated data sales and a pick-up in international markets. Earnings before interest, taxes, depreciation and amortisation rose 4.7 percent to R16.5 billion ($1.5 billion), while the interim dividend was increased to R3.95 a… Read More

Pravin Gordhan to appear before Public Protector; clears up some facts

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Malatji Kanyane Incorporated media statement Minister Pravin Gordhan and the Public Protector’s investigation We wish to place on record, particular facts about our interactions with the Office of the Public Protector on behalf of our client, Minister Pravin Gordhan. On 05 February 2018, the Public Protector, Advocate Busisiwe Mkhwebane, sent a letter to Minister Gordhan.… Read More

Advisory panel shortlists 12 candidates for NDPP position

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From The Presidency The advisory panel appointed by President Cyril Ramaphosa to identify suitable candidates for the position of National Director of Public Prosecutions (NDPP) has shortlisted 12 candidates who will be interviewed between 14 and 16 November 2018. Minister of Energy Jeff Radebe chairs a panel comprising broad representation of the legal fraternity which… Read More

New Tesla chair has a tough job – The Editor’s Desk

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New Tesla chair Robyn Denholm has a strong finance background and can help Tesla address its reporting issues – can she also rein in CEO Elon Musk? This article is exclusive to Biznews Premium. Members please login here. Not yet subscribed? Taste before you eat by signing up here for free 30 day trial (card details required;… Read More

It Doesn’t Take A Magician To Recognize A Bargain When They See One – Here’re 10 Such Stocks

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…Many high quality companies are down double digits from recent highs…[and this article identifies 10] that are trading at a discount to fair value…in the market today [and, as such, represent]…excellent bargains… This version of the original article, by Nicholas Ward, has been edited* here by munKNEE.com for length (…) and clarity ([ ]) to provide a fast & easy read.  For the latest… Read More