Streaming issues? Report here
Temp 702 logo 1000 x 1000 2020 Temp 702 logo 1000 x 1000 2020
Best of 702
00:00 - 04:00
volume_up
volume_mute

Up Next: Early Breakfast with Africa Melane
See full line-up
Best of 702
00:00 - 04:00
Home
arrow_forward
Business

How is 'steely' Pravin Gordhan coping under pressure from detractors?

22 January 2020 7:48 PM
Tags:
Eskom
Pravin Gordhan

Pravin Gordhan, the minister of public enterprises, wants to be left alone to do his job.

Pravin Gordhan is under pressure from detractors and enemies inside and outside government and the ANC.

He says he is following a mandate given to him by President Cyril Ramaphosa and that he must be left alone to complete his task.

In an interview with News24, Gordhan, the minister of public enterprises, said his motto in 2016, when National Treasury was under assault from state capture formations, was that he wanted to be left alone to do his job.

After I interviewed him yesterday I got the impression that what we are reporting about in the media and the clamour on social media and Twitter, from the EFF, from Julius Malema hammering away at Gordhan...my impression is that it's all white noise. That he is simply ignoring it and getting on with the job. I got the impression that whatever happened at the NEC behind closed doors over the weekend - it certainly was not Gordhan who came second.

Pieter du Toit, Assistant Editor of In-depth News, News24

His job firstly was to stabilise the utility's (Eskom's) finances. The other half of what needs to be done is stabilising the utility operationally. Gordhan told me that it took him 18 months to get to the depth of the rot at power stations. Proper maintenance simply was not undertaken for almost a decade. Power stations were run into the ground, coupled with an exodus of skills.

Pieter du Toit, Assistant Editor of In-depth News, News24
Pravin Gordhan. Picture: Abigail Javier/EWN

Listen to the full interview below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.


22 January 2020 7:48 PM
Tags:
Eskom
Pravin Gordhan

More from Business

bmw-adpng

Will BMW need to pay up for 'appropriating' local muso's song for Gusheshe ad?

29 September 2020 8:42 PM

BMW's Heritage Month campaign features a Kwesta hit which samples another band's music. Advertising expert Andy Rice weighs in.

Share this:
Read More arrow_forward

South African Airways SAA 123rf 123rfbusiness

SAA bailout in the balance? BRPs put airline operations on hold

29 September 2020 7:49 PM

SAA's business rescue practitioners decide to suspend airline operations. Bruce Whitfield gets comment from the experts.

Share this:
Read More arrow_forward

9baae9ab-c2ed-4d4c-bd5c-844a058f571d.jpg

How did economy shed 2.2m jobs in Q2, but unemployment rate still fell sharply?

29 September 2020 6:46 PM

'It's an abnormal report in abnormal times'. Paul Berkowitz (CEO, Hlaziya Solutions) makes sense of Stats SA unemployment figures.

Share this:
Read More arrow_forward

Young woman holds smart phone and credit card banking 123rf 123rfbusiness

Bank fees are too high. It’s unfair! – Bettr (new app-powered 'bank')

29 September 2020 11:11 AM

"We aim to do banking differently," says Bettr cofounder Tobie van Zyl. "The traditional banking model is going to evaporate."

Share this:
Read More arrow_forward

kevin-lings-croppedjpg

I love economics. It’s part of me - Kevin Lings (Chief Economist, Stanlib)

28 September 2020 8:12 PM

Kevin Lings (Chief Economist, Stanlib) opens up about his attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

Funky hipster retired older mature couple 123rf 123rfbusiness retirement

How to secure your retirement - Bruce Cameron (retired editor, Personal Finance)

28 September 2020 7:24 PM

Bruce Cameron discusses with Bruce Whitfield his new book on securing your retirement, despite corruption and the smashed economy.

Share this:
Read More arrow_forward

Small grey house wooden 123rf 123rfbusiness 123rflifestyle

All houses in South Africa can and should be built with wood – study

28 September 2020 6:49 PM

SA needs homes. Plenty of them. They can and should be constructed with wood, says Phillip Crafford (Stellenbosch University).

Share this:
Read More arrow_forward

Nomvula Mokonyane

300 days of Zondo: 'We’ve learned it’s cheap to bribe a politician'

28 September 2020 6:25 PM

For 300 days, punch-drunk South Africans have been learning just how bad corruption is in the country, says Ferial Haffajee.

Share this:
Read More arrow_forward

Sorry we closed small business 123rfbusiness 123rf

'Foreigners create work for South Africans,' says immigration lawyer

28 September 2020 1:28 PM

Lester Kiewit finds out from Stefanie de Saude-Darbandi what the proposed new law means for foreign business Gauteng townships.

Share this:
Read More arrow_forward

Woman saving money piggy bank mask 123rf 123rfbusiness 123rflifestyle

Money lessons Covid-19 taught – heed them for a brighter, wealthier future

25 September 2020 10:44 AM

Your financial future – even if you have to start over – could be brighter than it would’ve been without the pandemic.

Share this:
Read More arrow_forward