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Explainer: How South Africa s petrol price is set

South Africa hasn’t achieved its policy objective of deregulating the fuel price because vested interests have opposed this, and the government doesn’t have the political will to implement the policy.

Criminal syndicates target Transnet fuel, millions of litres of fuel stolen in the current financial year

Criminal syndicates target Transnet fuel, millions of litres of fuel stolen in the current financial year
iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.

Eish, what s tripping the switch at Eskom?

Eish, what’s tripping the switch at Eskom? By The Conversation By Rod Compton Eskom, South Africa’s state-owned power utility, has a litany of financial and operational problems. In 2017 the Goldman Sachs Group declared it the biggest risk to the South African economy. Several cabinet members have said so too. President Cyril Ramaphosa declared that Eskom is “too big to fail”. The first huge problem is debt of R488 billion (about US$32 billion) which Eskom cannot service, of which, R350 billion is guaranteed by government. Sales volumes declined by 4.7% between 2009 and 2019, based on data in Eskom Annual Integrated Reports. Operational costs also increased by 30% in five years.

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