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Friday, December 6, 2019

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Tag: finance

Can Eskom avoid a financial death spiral?

The power utility’s business is out of sync with its market. The challenges Eskom is facing around governance, corruption and state capture are common cause, but it is unfortunately crowding out an...

Eskom suspends CFO

Eskom on Friday announced the suspension of its Chief Financial Officer Anoj Singh. “Eskom has suspended its Chief Financial Officer, Mr Anoj Singh pending a disciplinary hearing,” said the power utility. In July, the power utility’s board announced that it had placed...

New Transnet, DBSA finance scheme set up to support African rail exports

State-owned entities Transnet and the Development Bank of Southern Africa(DBSA) have agreed to create a new facility that will extend favourable financing to African and Middle Eastern buyers of TransnetEngineering’s (TE’s) rail rolling stock and portequipment. The financing...

Barclays Africa weathers economic storm for now

South Africa’s tough economic conditions have taken their toll on Barclays Africa , with the bank’s revenue falling by 1%. It still outperformed its UK counterpart, which felt the effect of its...

The African Business Outlook

The African Business Outlook is looking quite bleak, with corruption and a lack of adequate infrastructure seeming to be the biggest problems in the business climate. This is according to the...

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Substantial cost savings achieved as Konecranes upgrades old Wolff Crane

A 35 T/15 T Wolff Crane, that was installed in a local metal plant in 1989, was recently upgraded by Konecranes. The modernisation of...

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