, South Africa is heavily reliant on the fuel for power generation. The country has 66 billion metric tons of coal reserves, according to Godongwana. Eskom has said new mines aren’t being opened quickly enough to ensure supply for its power plants.
“Who determines policy? A government of the day determines policy,” Godongwana said. “You can’t therefore have individuals determine what is the policy of the country.” A move toward prescribed assets, while mentioned in the ANC’s election manifesto, would concern international investors and could destabilise South Africa’s R4trn pension industry.
“Most investors and local business leaders appear to think that prescribed assets will never end up happening,” said Peter Attard Montalto, head of capital markets research at Intellidex. “This interview seems to suggest otherwise and in a surprisingly specific way on coal.”
Fin24 Another sector of the economy stuffed up by the Anc cadres! What is left...
Fin24 And the ANC's logic for this is ?
Fin24 Get the money back from zumagupta
Fin24 What is in it for them!
Fin24 Communism
dubious!
Fin24 This is ridiculous! This government will suck everything dry until there is nothing left. Can this be stopped? The uneducated keeps the uneducated in control to loot, steal and mislead people. What happened to common business sense?
Fin24 Well so much for the planet and the economy. A move like that would be detrimental to both. MYANC probably got all Gupta Mines at the top of that funding list
Fin24 This proves a few things.:That ANC is hairbrained and also desperate. That voting for Ramaphosa is a wasted vote. That we won’t have to wait for a Moody’s downgrade to chase remaining investors away.
Fin24 Socialism 🇻🇪🇿🇼
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SINISTER POLITICS: Former SA soldier Endley helps UN finger South Sudan government for alleged murderThe UN Panel of Experts on South Sudan accuses Salva Kiir’s government of abducting Aggrey Idri Ezbon and Dong Samuel Luak from Kenya and murdering them near Juba on 30 January 2017.
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