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Carin Smith

A business journalist at Fin24.com.

Budget buster: Finance Minister Tito Mboweni has to keep rescuing Eskom (David Harrison/M&G)
ABSA GROUP

Mboweni admits Ramos among those considered to head Eskom unbundling

Mboweni denies Ramos has been appointed to lead the process of unbundling Eskom, but tells SABC she is among those being considered for the position

  • Carin Smith
2 min read
‘Currently Eskom is borrowing money to service its debt. That means it is critical for us to deal with our cost issues,’ says Phakamani Hadebe (Delwyn Verasamy/M&G)
ESKOM

Eskom CEO says unbundling the utility will make it sustainable

Phakamani Hadebe told delegates at the Mining Indaba 2019 that Eskom is just ‘too big’

  • Carin Smith
3 min read
In 2017, South Africa accounted for only 1% of global exploration. The council would like to see this increase to about 5%. (AFP)
ESKOM

Eskom’s proposed tariff hikes risk making mining unsustainable — minerals council

The debt-laden power utility is asking for a 15% annual tariff hike for three years

  • Carin Smith
2 min read
The national power utility is about R420-billion in debt and has been seeking ways to reduce its liabilities. (David Harrison/M&G)
CALIB CASSIM

Nersa to begin hearings on electricity tariffs

Over the course of three weeks, Nersa will hold hearings on what the debt-laden power utility

  • Carin Smith
  • Jan Cronje
2 min read
‘We can learn from the German approach of using a theoretical learning process coupled with practical vocational training,’ says President Cyril Ramaphosa. (Brenton Geach/Gallo)
CARIN SMITH

Ramaphosa: Laws, policies must open South Africa up to investors

Germany has more than 600 companies operating in South Africa, providing more than 100 000 jobs

  • Carin Smith
2 min read
The representations submitted by Moyane in response to the recommendations of the Nugent Commission failed entirely to deal with the substantive issues the report raised, in Ramaphosa’s view. (Leon Sadiki)
CARIN SMITH

Moyane still going to the ConCourt

The former Sars commissioner is continuing with his Constitutional Court application in which he disputes the lawfulness of the Nugent Commission

  • Carin Smith
2 min read
South Africans could face rising living and borrowing costs after inflation accelerated to 4% in April, with economists warning that fuel-driven global price shocks — not domestic demand — are complicating the South African Reserve Bank’s interest rate outlook
DEMOGRAPHICS

Nearly half of SA’s workforce has no retirement plan — survey

Fewer than 50% of the respondents were aware of how much money they could expect at retirement

  • Carin Smith
3 min read
In papers filed on Tuesday, Gordhan has asked the high court in Pretoria to set aside and declare the report “unconstitutional, unlawful, irrational and invalid”. (Oupa Nkosi/M&G)
PRAVIN GORDHAN

Former Transnet board member fails to prove Gordhan was racist to dismiss him

Seth Radebe accused Gordhan of being racist when he decided to remove Radebe in May this year

  • Carin Smith
3 min read
Numsa, which has 146 members who had been employed by VR Laser until recently, wants the court to set aside the business rescue plan for VR Laser. (David Harrison/M&G)
BUSINESS RESCUE

Numsa heads to court to stop asset sale of Gupta-linked VR Laser

Numsa’s urgent application is against VR Laser Services, the two business rescue practitioners and other respondents

  • Carin Smith
4 min read
The association is predicting a drop of R1.54 per litre for petrol, with diesel dropping by 92 cents and illuminating paraffin by 85 cents. (Dan Kitwood/Getty Images)
AUTOMOBILE ASSOCIATION

Fuel prices set to increase again in August — AA

​South Africans can expect another increase in the price of petrol, diesel and illuminating paraffin in August says the AA

  • Carin Smith
3 min read
SA Express employees beat out 16 other interested parties to buy a stake in the troubled state-owned airline.
AIRCRAFT MAINTENANCE ORGANISATION

Grounded SA Express one step closer to taking off again

SA Express announced on Thursday the South African Civil Aviation Authority had reinstated its Aircraft Maintenance Organisation certification

  • Carin Smith
2 min read
A happy family member showing a picture of the missing boys taken by rescue divers inside Tham Luang cave.
PRAYUTH CHAN OCHA

Thai cave rescue: Boys lost 2kg but are in ‘good condition’

The boys and their coach are doing well mentally and physically, a health official said

  • Carin Smith
3 min read
Deputy Minister of Public Works Jeremy Cronin.
CARIN SMITH

Pace of land reform weak and pathetic, says Cronin

Jeremy Cronin has ascribed the "pathetic" pace of land reform to factors like weak policy, corruption, lack of will and a lack of capacity

  • Carin Smith
2 min read
As a business SAA stands a good chance to ‘return to its former glory’
CARIN SMITH

R100 000 bet on SAA’s future

The national airways chief executive has taken up a challenge proposed by the Free Market Foundation

  • Carin Smith
2 min read
​SAA has reached the point where some hard decisions have to be made
CARIN SMITH

SAA CEO: All we ask is three years – and money

Jarana said there is now a “date in the future” where SAA will break even

  • Carin Smith
3 min read
In early April 2018
ACSA

Ex-ACSA legal head wants CEO Maseko to feel the Blade

​A request for a high court interdict preventing Bongani Maseko from being reappointed as CEO will only be heard later this year

  • Carin Smith
4 min read
Former Steinhoff CEO, Markus Jooste. File photo
CARIN SMITH

Markus Jooste no ‘puppet master’

Allegations that the former Steinhoff chief executive is still a de facto director at Mayfair are ‘unwarranted and baseless’ speculation

  • Carin Smith
4 min read
INTEREST RATES

Interest rates likely unchanged until late 2019 – Nedbank

Nedbank Group’s Economic Unit forecasted on Monday that interest rates in South Africa will remain unchanged into late 2019

  • Carin Smith
2 min read
Public servants say state inertia is a sign that it doesn’t have the money for their pay raise.
LABOUR RELATIONS

Expect average pay increases of 3% or less in 2018

According to PayScale, a one-size-fits-all approach to allocating increases doesn’t tend to be very motivating to employees

  • Carin Smith
3 min read
The retailer’s stock is still down by over 95% from where it was before news of Markus Jooste’s resignation reached the market.
CHRISTO WIESE

Steinhoff to sell part of stake in KAP to help settle debt

The conglomerate has been facing liquidity issues since early December, when the group’s auditors flagged financial irregularities in its financials.

  • Carin Smith
2 min read