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SOUTH AFRICA: Eskom woes cast long shadow for South African mining

  • Date: 30-12-19
  • Category: SOUTH AFRICA
  • Source: Africa Report

There's no escape on the horizon in 2020 for South Africa's miners from the crippling power outages caused by load-shedding at state-owned electricity utility Eskom.

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SOUTH AFRICA: Looking to 2020 and beyond a Moody’s downgrade

  • Date: 27-12-19
  • Category: SOUTH AFRICA
  • Source: Business Tech

It’s unlikely that South African fiscal policy will be enough by early 2020 to convince Moody’s not to downgrade the country’s sovereign credit rating to junk status.

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SOUTH AFRICA: Ramaphosa’s early progress has been structural and subtle

How well Cyril Ramaphosa has done as South Africa’s president since the African National Congress party won the country’s May 2019 general election depends on whether his performance is assessed through a political or economic lens.

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SOUTH AFRICA: Minerals Council South Africa calls for urgent intervention in violent organised crime afflicting the sector

  • Date: 20-12-19
  • Category: SOUTH AFRICA
  • Source: Minerals Council South Africa

Johannesburg, 20 December 2019: The Minerals Council South Africa has called for urgent intervention by the Ministers of Police and Mineral Resources and Energy to prevent and investigate the violent assaults by heavily armed intruders on mining company targets, especially smelt houses. In the past year alone, the gold industry alone has suffered nine significant attacks that have seen employees and security personnel held hostage and assaulted.

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SOUTH AFRICA: Eskom crisis: Arrests over $50m South Africa power station 'fraud'

Two former managers at Eskom, South Africa's ailing power firm, have been arrested for alleged corruption and fraud worth 745m rand ($51m; £39m).

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SOUTH AFRICA: Eskom's De Ruyter must either toe government’s line or ours - NUM

The National Union of Mineworkers has issued an ultimatum to incoming Eskom CEO Andre de Ruyter, saying that if he plans to institute government's planned reorganisation at the struggling power utility it would fight him at every turn.

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SOUTH AFRICA: Eskom terminates load shedding but trouble looms in January 2020

  • Date: 13-12-19
  • Category: SOUTH AFRICA
  • Source: The South African

South Africans can finally breathe a brief a slight sigh of relief, following weeks of electrical disruptions resulting directly from the national power supplier’s dismal operational incapacity. While the country was warned of Eskom’s rickety summer power plan as early as September, the reality of protracted powerlessness proved more daunting and damaging than could’ve been imagined.

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SOUTH AFRICA: Minerals Council urges Govt. to allow private money help re-wire SA’s energy sector

SOUTH Africa’s mining industry has called on Government for a mindset overhaul in respect of the country’s electricity supply, saying that load-shedding was tantamount to an industrial policy decision to “downscale the … sector”.

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