PRETORIA South African Energy Minister Jeff Radebe said on Friday that the government had replaced the entire board of directors of state-run nuclear firm Necsa and suspended its chief executive over problems with how it was governed.
* Board plans legal challenge over its removal
(Adds Rosatom detail, lawyer, context)
JOHANNESBURG South Africa's government is discussing restructuring the debt of state-run utility Eskom but will only give details of what it plans to do next year, Public Enterprises Minister Pravin Gordhan said on Thursday, in comments which sent Eskom's bonds tumbling.
JOHANNESBURG/LONDON South Africa's Eskom wants the government to take on 100 billion rand ($7.2 billion) of its debts, its chairman told a newspaper, suggesting the struggling state-run power firm wanted relief on almost a quarter of its borrowings.
PRETORIA South Africa's defence industry is facing a crisis as the state-owned arms maker Denel struggles to survive, and rapidly agreeing equity partnerships is the only way to save it, one of the country's top defence officials told Reuters.
PRETORIA, Nov 29 South Africa's defence industry
is facing a crisis as the state-owned arms maker Denel struggles
to survive, and rapidly agreeing equity partnerships is the only
way to save it, one of the country's top defence officials told
* Other options include bailout, debt relief
(Updates after comments by Eskom chairman)
PRETORIA, Nov 22 South Africa's central bank
increased its benchmark lending rate for the first time in
nearly three years, saying the risk of higher inflation in the
longer-term remained elevated and that it could not risk waiting
until later to take action.
JOHANNESBURG Loss-making South African arms maker Denel has a problem as it fights to survive. Its potential saviour is Saudi Arabia, now drawing fierce criticism following the killing of journalist Jamal Khashoggi.
JOHANNESBURG South Africa's main opposition party has called for an independent inquiry into a $36,000 payment made to a fund that financed President Cyril Ramaphosa's successful campaign for leader of the African National Congress last year.