Analysts say South Africa has already collapsed; fight over which department should have ultimate oversight for Eskom; as the school year kicks off, learners are still awaiting placement; and former Steinhoff CEO Markus Jooste has been fined and banned by the JSE.
: If power generation is an indication of economic activity, then South Africa has already collapsed, analysts say. While the country continues to deal with crippling load shedding, rampant crime and several other crises, there appears to be little to no movement from the national government. Mining and labour analyst Mamokgethi Molopyane says that it’s not because of a lack of political will but rather too many vested interests from all sectors of society.
Chiloane says over 290,000 applications have been completed and the remaining unassigned are from incomplete applications where the parents failed to provide documentation. Numerous schools in the province are being repaired after incidents of vandalism – with 24 schools affected in December 2022. [Former Steinhoff CEO Markus Jooste has been fined R7.5 million by the Johannesburg Stock Exchange and has been banned from serving as a director of a listed company for 20 years.
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