According to President Cyril Ramaphosa, his administration has made progress in combatting the scourge associated with corruption while strengthening the capacity of the state to deliver basic services to communities as well as businesses, hopefully leading to the creation of new jobs. Read more.
Tags : municipalities
South African power utility company, Eskom, has experienced its fair share of financial challenges in recent years. In 2005, Eskom’s debt was R30 billion and in March last year, it had risen to R496 billion. Read more.
More than a year after South Africa started experiencing heavy impacts on the economy because of Covid-19, the economic crash is only set to worsen for businesses across the country in addition to South African residents, who owe municipalities well over R120 billion. Read more.