In City_Press Business today: Eskom’s financial black hole could be exacerbated as defaulting municipalities gain new powers to not pay for power, without immediate consequences; Government Employees’ Pension Fund faces record funding shortfall of R583bn
Eskom’s financial black hole, and its inability to contain the growing power crisis, could be exacerbated from yet another quarter – with defaulting municipalities gaining new powers to not pay for power, without immediate consequences.Christoph Niewwoudt, chief executive of FNB’s consumer segment, writes for City Press about how the bank looks to content with a waving of raising competition.
The Government Employees’ Pension Fund faces a record long-term funding shortfall of R583 billion, partly due to bad investment decisions.The company that had sealed an agreement to buy a controlling shareholding in Vantage Goldfields this month lodged an urgent court application to enforce the transfer of shares and avert liquidation of the gold mining company.Read about an ambitious waiter that, at 24 years old, is an enthusiastic franchisee.
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