5 important things happening in South Africa today

Here’s what is happening in and affecting South Africa today:

  • Newly appointed Eskom CEO Andre de Ruyter has a difficult task ahead of him, but is at least enjoying support – for now – from political parties and business leaders. The ANC and DA have thrown their support behind him, while CEOs and other leaders have urged him to focus on getting Eskom’s debt under control and embracing renewable energy. The EFF rejected his appointment, calling it racist. [Fin24]
  • Standard Bank SA CEO Lungisa Fuzile says that South Africa is on an unsustainable path – and some of government’s plan to turn things around are futile. He said short-term wins like visa changes and boosting the tourism industry are good measures to start with, but things like switching procurement from big to small businesses will do little to expand the economy (as demand stays the same). Instead government should boost exports and free trade in Africa. [CNBC Africa]

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5 important things happening in South Africa today