Corporate Affairs

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    IMF rumours may be the scare South Africa needs

    The threat of an International Monetary Fund (IMF) bailout, unthinkable a few years ago, may force South Africa’s government to push through the reforms it needs to rescue the economy. An expanded bailout for struggling power utility Eskom Holdings and calls from other State companies for support have strained the nation’s budget, prompting business groups and analysts to warn the country could be pressed to ask the IMF to help keep a lid on ballooning debt.

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    IMF rumours may be the scare South Africa needs

    The threat of an International Monetary Fund (IMF) bailout, unthinkable a few years ago, may force South Africa’s government to push through the reforms it needs to rescue the economy. An expanded bailout for struggling power utility Eskom Holdings and calls from other State companies for support have strained the nation’s budget, prompting business groups and analysts to warn the country could be pressed to ask the IMF to help keep a lid on ballooning debt.

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    Ramaphosa’s dependence on the left stymies South African reforms

    South African President Cyril Ramaphosa is hamstrung by politics and the economy is suffering the consequences. His narrow win to become leader of the ruling African National Congress in December 2017 has left him dependent on the left — the unions an…

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    Ramaphosa’s dependence on the left stymies South African reforms

    South African President Cyril Ramaphosa is hamstrung by politics and the economy is suffering the consequences. His narrow win to become leader of the ruling African National Congress in December 2017 has left him dependent on the left — the unions an…

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    Battery-powered ships next up in battle to tackle emissions

    The electric battery boom has a new target: ships. Four Japanese companies have teamed up to build the world’s first zero-emission tanker by mid-2021 that will be powered by large-capacity batteries and will operate in Tokyo Bay, according to a statement on Tuesday. The new company e5 Lab is a venture between Asahi Tanker, Exeno Yamamizu, Mitsui OSK Lines and Mitsubishi.

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    Battery-powered ships next up in battle to tackle emissions

    The electric battery boom has a new target: ships. Four Japanese companies have teamed up to build the world’s first zero-emission tanker by mid-2021 that will be powered by large-capacity batteries and will operate in Tokyo Bay, according to a statement on Tuesday. The new company e5 Lab is a venture between Asahi Tanker, Exeno Yamamizu, Mitsui OSK Lines and Mitsubishi.

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    Ramaphosa raps knuckles of Ministers embroiled in twitter war

    President Cyril Ramaphosa criticised Ministers in his cabinet for “unbecoming” behaviour on social media after a spat unfolded over electronic road tolls in country’s richest province. Finance Minister Tito Mboweni, Transport Minister Fikile Mbalula and Gauteng Premier David Makhura exchanged words on Twitter after giving conflicting messages on the issue of e-tolling. Many motorists have refused to pay the charge since its introduction in 2013.

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    Ramaphosa raps knuckles of Ministers embroiled in twitter war

    President Cyril Ramaphosa criticised Ministers in his cabinet for “unbecoming” behaviour on social media after a spat unfolded over electronic road tolls in country’s richest province. Finance Minister Tito Mboweni, Transport Minister Fikile Mbalula and Gauteng Premier David Makhura exchanged words on Twitter after giving conflicting messages on the issue of e-tolling. Many motorists have refused to pay the charge since its introduction in 2013.

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    Karpowership sees ‘huge potential’ in energy-hungry Africa

    Karpowership, one of the world’s largest powership companies, is building vessels the size of several football fields to meet rising demand for energy, especially from Africa. The unit of Turkey’s Karadeniz Energy Group has about 20 ships under construction, according to Karpowership’s director for Africa, Emre Durmusoglu. The floating power plants can be deployed in a matter of months and supply electricity to both coastal and land-locked countries for several decades. That means there’s “huge potential” in Africa, already the company’s biggest market, Durmusoglu said.

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    Karpowership sees ‘huge potential’ in energy-hungry Africa

    Karpowership, one of the world’s largest powership companies, is building vessels the size of several football fields to meet rising demand for energy, especially from Africa. The unit of Turkey’s Karadeniz Energy Group has about 20 ships under construction, according to Karpowership’s director for Africa, Emre Durmusoglu. The floating power plants can be deployed in a matter of months and supply electricity to both coastal and land-locked countries for several decades. That means there’s “huge potential” in Africa, already the company’s biggest market, Durmusoglu said.

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