TOP STORY – Affirmative action, BEE has brought Eskom to its knees – IRR

Loading player...
GUEST – Mlondi Mdluli, IRR Campaign Manager & Gregory Mofokeng, CEO of the Black Business Council for the Built Environment

The Institute of Race Relations (IRR) warned that load-shedding would continue to worsen if the government refuses to put value for money before race-based procurement. The IRR has written to Minister of Electricity Kgosientsho Ramokgopa to underscore the urgency of implementing the Zondo Commission’s recommendation of putting value for money first. Minister Ramokgopa’s warning that stage 7 or even stage 8 load-shedding was now possible shows that South Africans should brace themselves for worsening power cuts this winter.
10 May 2023 5PM English South Africa Business News · Investing

Other recent episodes

Easter getaway: Five critical insurance checks

For families preparing to travel this weekend, there are a few top actions they should take to ensure their cover is valid. Understanding your obligations is as important as having a policy. We’re joined now by John Manyike, Head of Financial Education at Old Mutual, to unpack the biggest risks…
2 Apr 5PM 8 min

Pivot Point – Ramano on Transforming SA Leadership

For today’s Pivot Point feature, we’re joined by Ms. Tryphosa Ramano for a conversation about leadership, transformation, and the future of South Africa’s financial sector. We celebrate her three‑decade career defined by financial stewardship and a relentless commitment to transformation.
2 Apr 4PM 24 min

SA’s two-pot system sees repeat withdrawals

Since South Africa’s two-pot retirement system went live in September 2024, AlexForbes has now processed and paid more than one million savings-pot withdrawal claims, marking one of the largest operational undertakings in the country’s retirement industry. With more on the story behind the numbers, Vickie Lange, Head of Solutions Enhancement…
2 Apr 4PM 14 min

5 Easter scams to watch out for

RCS says holiday periods create the perfect storm: people are traveling, shopping online, and spending more time on social media—all moments when vigilance naturally drops. The company has identified six major scam types that tend to spike during school holidays, and Audrey Roberts, Customer Operations Executive at RCS, joins us…
2 Apr 4PM 12 min

FNB expects increased Easter spending in 2026

South Africa’s consumer economy is gearing up for a busier Easter period, with FNB forecasting a notable rise in household spending as the long weekend aligns with school holidays. The bank’s Chris Boxall, Head of Card Transact—FNB Card, says travel, food, and general retail are expected to see the biggest…
2 Apr 4PM 9 min