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Eskom’s Debt Has Decreased by R5.5 Billion, but the Pressure Remains High
Interest Payments on Eskom’s Debt Totaled R35.8 Billion over the Year The exceptionally high debt burden that Eskom is carrying has proceeded to be a drag on the company’s financial performance. Eskom has been successful in reducing its overall debt to a greater extent. However, as the chief executive officer of Eskom, André de Ruyter, pointed…
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The Government Receives Less Money in Taxes if There is Increased Load-shedding
Days without power: Because of the growing number of power outages, companies have been forced to look for substitute outlets for power supply, such as generating units. The South African government doesn’t appear to view the now-regular electricity blackouts that last for up to four hours each time as the single greatest threat to South…
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The Universities In Africa are simply “Qualification Factories”
According to Patrcio Langa, an assistant professor of university education at UCT, the concept of higher education institutions in Africa as areas for the advancement of knowledge has indeed been disparaged by influential voices endorsing the view that they ought to be operating as tools to repair the continent’s ailments. The rapid expansion will continue…
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The Airlines of South Africa Are Currently Engaged in a “Sky-grab”
As a result of the conclusion of the lockdown, airlines in South Africa are struggling to meet the large demand for flights. This is a result of the shutdown of several regional airlines, most prominently Comair’s Kulula.com and regional British Airways flights, as well as the scaled-back operations of others as a result of the…
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Pre- COVID Tax Regulations On Gambling Revenue is Back
The National Gambling Board reported to Parliament in the 2021/22 fiscal year that the amount of tax revenue received from the casino industry had returned to its levels prior to the pandemic. The level of tax revenue collected by the industry reached R3.2 billion for the first time since the 2019/20 fiscal year during the…
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An R182 Billion Windfall Makes Citizens Feel Better
When delivering the micro-budget in November, the recently appointed Minister of Finance, like his boss Cyril Ramaphosa, admitted to being concerned about the state of the economy. At this point, he is doing everything he can to instill hope. Based on the premise that there can be no confidence without hope Without confidence, investment does…
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Zimbabwe Prepares for a Difficult Time Ahead
The most recent electricity emergency in Zimbabwe is characterized by power failures lasting up to 19 hours per day, business parks and roads in the capital city of Harare being complete without lighting, and rising manufacturing costs that are likely to fuel inflation as a result of the additional costs associated with operating generating units.…
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Mamparra Declares an Emergency for Eskom
If you are reading this post, you are most likely one of the lucky individuals in South African Mamparras who still has power to their computer or wireless router at this time. But millions of people do not, and millions more will find themselves in the same situation as the day progresses. They will go through…
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Update on East London Tavern Deaths
According to provincial health officials and the presidency, South African authorities are looking into the deaths of at least 22 young people who were discovered inside a well-liked bar in the coastal town of East London. State-run SABC said that the deaths might have been the consequence of a stampede, but provided little other…
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After Winning South Africa’s National Lottery, a Number of People’s Worst Nightmares Came True
Numerous family members have lately been in court over multi-million-rand Lotto winnings, and in a few cases, the winners have managed to find themselves broke and in debt. Martin Harris, a former taxi conductor from Newlands East, managed to win R280 000 in the mid-1990s and recalled feeling “so enthusiastic” when he first found out.…
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