Net debt currently stands at around 2.28 trillion rand, or 48.6% of GDP, according to the treasury.
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The power crisis had resulted in traffic gridlock across major cities as traffic lights stop working
South Africa has a near-record 27 percent unemployment rate, and trade unions say that 9.3 million employable people need jobs.
This is the first time the power utility will be load shedding in two months
Cyril Ramaphosa will take over from Egypt’s president Abdel Fattah el-Sisi
Total’s CEO says the potential quantities “could be around one billion barrels of global resources, gas and condensate light oil”.
The South African Chamber of Commerce and Industry’s monthly business confidence index slipped to 95.1 in January
“South Africa is a sovereign state and has always respected the laws of these imperialist countries.” – ANC
Eskom says 3 of its power plants have below 10 days of coal stockpiles.
“Leaders of the ANC are being severely humiliated,” says political analyst Ralph Mathekga