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Business urges pro-reform attitude as SA embraces new era of coalitions

Business urges pro-reform attitude as SA embraces new era of coalitions
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Eskom chaos is at the heart of the growth crisis | Article Preview

Unless the power utility gets credible leadership and more investment to boost generation and transmission it will continue to hold the economy down, The IMF s latest data forecasts South Africa s economy will grow by 0.9% this year, up from projections in July of 0.6%. The marginal improvement is based on fewer power cuts than expected in the second quarter this year. It is estimated to grow by 1.8% next year, a critical election time for the ruling African National Congress. But growth in South Africa, the continent s most industrialised economy, is still lagging far behind its peers in Africa and Asia.
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Leadership crisis at SOEs will lead to preventable mistakes, warns SACCI

The South African Chamber of Commerce and Industry says the instability at the board and executive level of state-owned entities has a devastating impact on the economy. ....

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