Saudi invests $10 billion in South Africa’s energy sector
Saudi Arabia has pledged to chip in $10 billion in funds to South Africa’s ailing power sector, according to futures tracker and energy portal Oil Price.
Eskom, SAA, Denel, SABC – the pain continues!
Tax payers will have to foot Eskom’s latest “bailout bill” of R59 billion that was passed in the National Assembly, finance minister Tito Mboweni has said.
SA at the bottom of the barrel in new IMF outlook
The International Monetary Fund this week revised its global growth projection down to 3.2% in 2019 and 3.5% in 2020.
Dramatic spike in trade-restrictive measures continues
Trade flows hit by new restrictions implemented by World Trade Organisation (WTO) members continued at an historically high level between mid-October 2018 and mid-May 2019.
Prasa locomotives to be auctioned off
Online auction house WH Auctioneers will auction off 13 AFRO4000 locomotives which were initially acquired for the Passenger Rail Agency of South Africa (Prasa) commuter network.
