Anthony Turton: How BEE de-industrialised South Africa

In the closing weeks of 2019, South Africa reached Stage 6 load-shedding. This is uncharted territory, so let’s unpack it a little.

Some years ago I wrote about a startling fact that few were interested in at that time. That … Read the rest

Another R139bn stolen at Eskom? – probe underway

The Special Investigating Unit is probing 11 contractors for stealing a staggering R139bn during the building of Eskom’s Medupi, Kusile and Ingula power plants.

And insiders say the total cost of Eskom looting could reach about R500bn, dating back to

Read the rest

Why South Africa has blackouts and ‘load shedding’

Rolling blackouts last year had South Africans firing up candles, flashlights and generators after crisis-plagued Eskom Holdings SOC Ltd., which provides most of the country’s electricity, failed to meet demand. The power crunch has since eased thanks to fewer unplanned … Read the rest

White English-speaking South Africans flee the country

Immigration lawyers have noticed a spike in inquiries from South African residents interested in emigrating from one or two a week last year to about 10 a week now.

Even the NGO Homecoming Revolution, which encourages expats to return to … Read the rest

Strong dollar a threat to Eskom and South Africa

In the world of economics, one policymaker towers above all others. The head of America’s central bank, Janet Yellen, presides over a $17 trillion economy. The empire of her nearest competitor, Mario Draghi, amounts to a relatively puny $10 trillion. … Read the rest