Category archives for: Energy

SA Budget 2019: Spending to exceed revenue

Eskom Head Office

by SAVIOUS KWINIKA  CAPE TOWN, (CAJ News) – SOUTH Africa will be spending more money than it will generate in the coming year. Presenting his Budget Speech in Cape Town on Wednesday afternoon, Finance Minister Tito Mboweni, disclosed Africa’s most advanced economy expects revenues of R1,58 trillion and spending of R1,83 trillion. “That means we […]

Hidden debt scandal could alienate Angola from investor community

Angola President João Lourenço

from PEDRO AGOSTO in Luanda, Angola LUANDA, (CAJ News) – AS Mozambique cracks the whip on officials and cronies allegedly involved in the multibillion-dollar debt scandal, string indications of deals between Angola and global companies involved in the scandal is increasingly bringing to question the credibility of President Joao Lourenco’s already-debatable drive against corruption and […]

Gas findings a game changer for South African economy

Total oil and gas discoveries in South Africa

by AKANI CHAUKE JOHANNESBURG, (CAJ News) – THE recent discovery of gas off the southern coast of South Africa is seen as a great step for the country which still relies on imports of oil and gas despite great reserves believed to be in its soil and waters. Industry experts believe the discovery by the […]

Labour body resists splitting of Eskom

Eskom

by SAVIOUS KWINIKA JOHANNESBURG, (CAJ News) – THERE are differences within South Africa’s tripartite alliance following the announcement by President Cyril Ramaphosa of plans to privatise state-owned enterprises (SOEs). Despite some of these parastatals plagued by corruption and under-performance, the Congress of South African Trade Unions (COSATU), opposed the privatisation plans arguing this would result […]

Mixed news for Africa in Trump’s pick at World Bank

David Malpass for World Bank top job

from TRACEY IRVING in Washington, USA WASHINGTON, (CAJ News) – A KEY player from Donald Trump’s 2016 election campaign is set to head the World Bank. Mr Trump has selected US treasury official David Malpass for the role after the surprise resignation last month of bank president Jim Jong Kim. As largest shareholder and the […]

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