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Banks, fund manager push to solve R464bn Eskom debt crisis


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No final decisions have been made and proposals will be presented to Treasury in coming weeks.
By Loni Prinsloo and Antony Sguazzin, Bloomberg
19 Feb 2021 
16:46 
Image: Bloomberg
Nedbank is leading discussions to restructure South African power utility Eskom’s R464 billion debt load, according to people familiar with the talks.
The parties met in recent days, and one of the options is to transfer at least R100 billion of debt to a special-purpose vehicle that would be overseen by the Public Investment Corp., Africa’s biggest fund manager, the people said.
“Eskom intends to work constructively with all its creditors to develop a plan that will improve the company’s balance sheet while adequately catering for the requirements of its lenders and other stakeholders,” the utility said in response to questions. “The utility is in regular discussions with its stakeholders to agree on the best s ....

South Africa , South African , Cyril Ramaphosa , Edcon Holdings Ltd , Public Investment Corp , Goldman Sachs Group Inc , National Treasury , Ministry Of Public Enterprises , Goldman Sachs Group , Edcon Holdings , South African Trade Unions , President Cyril Ramaphosa , Public Enterprises , பொது முதலீடு கார்ப் , கோல்ட்மேன் சாக்ஸ் குழு இன்க் , தேசிய கருவூலம் , அமைச்சகம் ஆஃப் பொது நிறுவனங்கள் , கோல்ட்மேன் சாக்ஸ் குழு , பொது நிறுவனங்கள் ,

Appointing 85 Ministers, Still an Elephant Size government- Youth Activist


Appointing 85 Ministers, Still an Elephant Size government- Youth Activist
By Tahiru Lukman
Tahiru Lukman Youth Activist, Development Consultant & Pan-African Author
Constitutionalism demands a democratic process with laydown principles. Amongst which is the elected president to constitute his government. One subject that continues to take center stage in the size of government with an emphasis on the size of ministerial portfolios to be created.
It does appear, Ghana s 1992 constitutions have created a big void in terms of the number of ministerial positions to be created. This might have contributed to the elected president having the exclusive power and rights to determine the number of ministerial portfolios, number of ministers and deputies to have. ....

Ghana General , Dan Botwie , Tahiru Lukman , John Mahama , Procurement Ministry , Ministry Of Local Government , Ministry Of Health , Ministry Of Fisheries , Ministry Of Public Enterprises , Civil Society Organisation , Ministry Of Regional Reorganisation , Zongo Development , Ministry Of Procurement , Ministry Of Food , Rural Development , Ministry Of Monitoring , Development Consultant , Business Development , Late Rawlings Government , Former President Kuffour , Late Prof Mills , Former President John Mahama , President Akuffo Addo , President Nana Addo , Inner City , Regional Reorganization ,

Let's applaud the listening Akufo-Addo for reducing the size of Ministries — Afenyo Markin


Let s applaud the listening Akufo-Addo for reducing the size of Ministries Afenyo Markin
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JAN 23, 2021
Deputy Majority Leader, Afenyo Markin has asked Ghanaians to applaud President Akufo-Addo for trimming down the size of the ministries.
He downplayed criticisms against President Akufo-Addo s nominees for ministerial appointments in his second term.
Some have expressed reservations over the President’s latest ministerial appointments, arguing that most of the nominees were just recycled.
There have also been concerns over the creation of the new Ministry of Public Enterprises which has been described as “a recipe for confusion.”
Mr. Markin on Eyewitness News, however, described these concerns as unfounded. ....

Ghana General , Afenyo Markin , Public Enterprise Ministry , Ministry Of Public Enterprises , Deputy Majority Leader , President Akufo Addo , Public Enterprises , Eyewitness News , கானா ஜநரல் , பொது நிறுவன அமைச்சகம் , அமைச்சகம் ஆஃப் பொது நிறுவனங்கள் , துணை பெரும்பான்மை தலைவர் , பொது நிறுவனங்கள் , நேரில் பார்த்தவர் செய்தி ,