Lungisa Fuzile News

South Africa looking at sale of Eskom power stations

South Africa looking at sale of Eskom power stations

South Africa is considering selling some of the state-owned power utility Eskom’s stations or an initial public offering of a portion of the cash-strapped utility’s shares, the Business Day newspaper said on Wednesday, quoting a Treasury official.

Striking Miners in South Africa

South African economy contracts for the first time since 2009 recession

South Africa’s economy contracted in the first quarter for the first time since a 2009 recession as the longest mining strike in the nation’s history cut output.