S'thembile Cele
News24
Cape Town, WC, South Africa
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Past articles by S'thembile:
Eskom crisis: Warning of 'huge risks' and limited benefit in proposed state of disaster
South Africa is drawing skepticism over its plans to declare a state of disaster to help tackle crippling blackouts, with critics arguing that the measure will undermine spending controls and isn’t the solution to the nation’s energy crisis. → Read More
ANC lekgotla supports declaration of national state of disaster to deal with load shedding
Government is looking into whether the ongoing energy crisis fulfills the legal requirements for the measure, President Cyril Ramaphosa said in closing remarks at the ANC's strategy meeting on Monday. → Read More
Mantashe: Reserve Bank's mandate must expand to meet economy's needs
* For more financial news, go to the News24 Business front page. South Africa’s governing ANC wants to broaden the central bank’s mandate to ensure it plays a bigger role in supporting the economy, a change that may require a constitutional amendment it won’t be able to effect on its own. "The mandate of the Reserve Bank has to be expanded to meet the needs of the economy," Gwede Mantashe, the… → Read More
Godongwana says Eskom's debt plan remains on track, despite De Ruyter's pending departure
Enoch Godongwana says André de Ruyter's pending departure won't change the government's commitment to take over a part of Eskom's debt. → Read More
Ramaphosa weighs review of 'flawed' Phala Phala report
President Cyril Ramaphosa is "seriously considering" asking a court to review the findings of the Phala Phala report. → Read More
It will take several years to reduce public wage bill
South Africa’s government will take several years to bring its wage bill to more sustainable levels and may have to consider retrenching some staff, Finance Minister Enoch Godongwana said. → Read More
Terror warning: 'Unfortunate' that US didn't consult us before causing panic
President Cyril Ramaphosa criticised the US for failing to discuss a terror alert issued by the American Embassy with local authorities. → Read More
Reserve Bank spent years probing Jooste, says Kganyago
The SA Reserve Bank spent years investigating Markus Jooste, the former chief executive officer of scandal-hit retailer Steinhoff International Holdings, before moving to seize his assets last week for violating foreign exchange control rules. → Read More
Kganyago urges govt to stick to debt-reduction plan
Reserve Bank governor Lesetja Kganyago urged the government to stick to its plan to reduce debt, as the National Treasury prepares to deliver its medium-term budget policy statement next week. → Read More
Strike looms as public servants signal rejection of government wage offer
South African public servants are preparing to reject a government wage offer, raising the prospect of the first major strike by state workers in more than a decade. → Read More
Energy crisis will get worse, analyst warns as load shedding cuts Ramaphosa trip short
An energy research consultant at UCT has warned that "the situation will almost definitely get worse" with no immediate signs of substantial new capacity being added to the grid. → Read More
SA lays out climate demands to rich polluters ahead of COP27
Environment Minister Barbara Creecy says wealthy countries need to honour their commitments to provide $100 billion annually to developing nations → Read More
'It's a complicated process': Creecy on hold up for details on SA's plan for COP billions
John Kerry, the US’s special presidential envoy for climate, said the country is waiting for SA to put "some things" on the table. → Read More
SAA, Denel, Transnet and Post Office want nearly R13bn more from Treasury
Treasury warned the country can’t afford to extend welfare grants to the poor, citing an over-stretched budget and spending pressures including additional funding requests from state-owned firms totaling R12.8 billion. → Read More
SAA, Denel, Transnet and Post Office want nearly R13bn more from Treasury
Treasury warned the country can’t afford to extend welfare grants to the poor, citing an over-stretched budget and spending pressures including additional funding requests from state-owned firms totaling R12.8 billion. → Read More
Here's how Treasury could raise money for income grant, and why it thinks it won't work
The only way to secure the money will be to raise taxes, incur new debt or reallocate funds, and none of these options were desirable, National Treasury said. → Read More
Government 'concerned' about how load shedding is gonna hit SA's GDP
South Africa’s government is concerned about the impact that power outages had on the economy in the second quarter, as the nation’s statistics agency prepares to release data for the three-month period. → Read More
Renewables won’t save SA from power woes
South Africa’s energy minister dismissed the notion that renewable electricity can bring an end to years of load shedding, pointing to Europe’s pivot back to the use of fossil fuels as evidence of the constraints of using green energy. → Read More
Mantashe's plans for Eskom 2.0 take shape with proposal for gas power stations
The proposed new company, dubbed Generation 2, will take over three Eskom coal power plants that are set for decommissioning and convert them to gas power stations, according to Mineral Resources and Energy Minister Gwede Mantashe. → Read More
Ramaphosa: Multiple state-owned power companies could solve energy crisis
South Africa could consider creating a second state-owned power company to compete with Eskom, reducing the risk of having a single entity supplying most of the nation’s power. → Read More