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SOUTH AFRICA: Unions remain sceptical as SA Govt. plans to unplug Eskom from its debt quandary

Drastic action is needed at Eskom. The five-fold increase in the power utility’s tariffs over the past decade is a symptom of a deep and rapidly worsening problem. It cannot sell enough electricity to cover its spiralling costs of debt...

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SOUTH AFRICA: Inter-union rivalry at the root of the Marikana Massacre was masked by politics

Ask Ben Magara, the former CEO of Lonmin about the Marikana massacre, in which 44 miners lost their lives in the course of inter-union violence and protest action during a week in August 2012, and that’s what you’ll hear.

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SOUTH AFRICA: Government Prepares $16 Billion Bailout Package for Eskom

What Happened: South Africa's government is planning to provide a $16 billion bailout to Eskom in its latest effort to stabilize the notoriously embattled public utility monopoly, Bloomberg reported June 30.

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SOUTH AFRICA: Government is out of cash: report

  • Date: 30-06-19
  • Category: SOUTH AFRICA
  • Source: Business Tech

Several state companies and municipalities are scrambling to find money to pay salaries – and unions are not happy about it, reports the City Press.

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SOUTH AFRICA: Unions meet to discuss plan of action over rampant retrenchments

Johannesburg - Two main labour union federations are this week meeting with their affiliates to discuss a plan of action in response to looming retrenchments by major companies that would leave thousands of employees jobless.

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SOUTH AFRICA: Ramaphosa mulls green energy plan to cut Eskom’s debt payments

South Africa’s President Cyril Ramaphosa is considering whether to back a proposal to improve troubled Eskom’s debt terms by closing polluting coal plants early to make way for renewable energy.

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SOUTH AFRICA: ANC scores comfortable wins but EFF makes inroads

  • Date: 27-06-19
  • Category: SOUTH AFRICA
  • Source: Daily Maverick

The African National Congress retained the two wards contested on Wednesday with relative ease, but the Economic Freedom Fighters exhibited growth in both wards. The by-elections took place in Polokwane in Limpopo and Emakhazeni in Mpumalanga.

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SOUTH AFRICA: ‘Platinum Valley’ SEZ in three months – Patel

  • Date: 26-06-19
  • Category: SOUTH AFRICA
  • Source: Mining Weekly

JOHANNESBURG (miningweekly.com) – The legal entity for the Bojanala Platinum Valley Special Economic Zone (SEZ) in North West, which already has an investment pipeline in place, will be set up in the next three months, Trade and Industry Minister Ebrahim Patel promised on Tuesday evening.

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