In The News South Africa

Former Eskom board chair Zola Tsotsi testifies in parliamentary inquiry

PARLIAMENT, November 22 – Former Eskom board chairman Zola Tsotsi has started his testimony before a parliamentary inquiry into allegations of state capture at South African power utility Eskom. “The lapses in good corporate governance that have been occasioned by poor decision-making have opened up the company to exploitation by unscrupulous rent seekers,” Tsotsi said […]

Business In The News South Africa

Uncertainty, weak rand to keep South African central bank from cutting rates

JOHANNESBURG, November 22 – South Africa’s central bank is likely to keep interest rates unchanged at its last policy meeting of the year this week despite a struggling economy, hamstrung by looming inflation pressures stemming from a weak rand currency.       The Reserve Bank’s monetary policy committee, which is chaired by Governor Lesetja Kganyago […]