Morning news wrap: 20 March 2015
Deputy President Cyril Ramaphosa’s promise to turn things around at Eskom will have to be implemented with speed following the downgrading of the power utility’s status to Junk
During a parliamentary session this week Ramaphosa told MPs that government is committed to fixing the utility’s problems.
Ramaphosa announced an advisory panel which will engage with government on the issues faced by ESKOM.
Yesterday Eskom was dealt another blow after ratings agency Standards & Poor downgraded the utility’s credit profile from previous BBB minus to JUNK.
Ramaphosa said government was working hard to bring the leadership issues at Eskom under control.
The suspension of Eskom’s four executives has led the ratings agency Standard & Poor’s to have less confidence in the utility’s corporate governance arrangements and its credit profile.
The agency has downgraded Eskom’s stand-alone credit profile from previous BBB minus to JUNK.
And it doesn’t end there…
Eskom has shocked the business sector and many by looking for yet another 9.5% electricity increase in addition to the already announced 12.69% imposed in the 2015-16 financial year.
This report is from KayaFM’s Business Editor Steven Bacher.
Deputy President Cyril Ramaphosa has challenged South Africans to use the death of former Public Service Minister Collins Chabane as a wakeup call of stopping road accidents.
Speaking at Chabane’s memorial service yesterday Ramaphosa said it would have been the late minister’s wish that the country draw from his death the lesson that road safety must become a national obsession
COSATU President Sidumo Dlamini says minister Chabane died in a critical time, as the unions are discussing heavily contested public servants salaries.
Dlamini described him as a leader who had workers interests at heart.
Matimba Chabane is the late ministers son.
The late minister will be buried tomorrow in a state official funeral at his home village of Xikundu in Limpopo.
Teenagers account for 36% of maternal deaths in the country, despite only making up 8% of the 1.2-million pregnancies South Africa reports every year.
This means that most maternal death cases in the country occur in teenage pregnancies.
Practitioners say this is because most of them were unable to deal with the complications that may arise in pregnancy.
Kaya fm news spoke to 17 year old Ntsiki Mahlangu who also lost a child……..
She has also put the blame on nurse’s attitude at the hospital………..