Firing obstructive communist Mantashe will be big step to addressing loadshedding - and may happen soon

Loading player...
Kevin Mileham, the Shadow Minister of Minerals and Energy, explains how the ANC blundered when appointing Gwede Mantashe to the portfolio responsible for SA’s electricity supply. The record shows that in under four years since taking charge, Mantashe has made one mistake after the other, his deliberate actions contributing greatly to the country’s current loadshedding crisis. Mileham says Mantashe’s obsession for coal and nuclear solutions reflect a man who is badly out of touch with reality - while his obstruction of private sector solutions is based purely on the ideological ground of a hard boiled communist. There is hope, however. Mileham says the ANC Elective Conference may well force Ramaphosa’s hand and force him to fire his long-time political ally. He spoke to Alec Hogg of BizNews. Learn more about your ad choices. Visit megaphone.fm/adchoices
12 Dec 2022 6AM English South Africa Investing · Business News

Other recent episodes

The BizNews Edge: Nedbank, Grindrod and the coal stock no one was watching

Nedbank confirmed its guidance this morning, and its East Africa deal is weeks from closing - a transformation most investors are still underpricing. Grindrod's Port of Maputo posted extraordinary volumes, but the share may already be priced for perfection. A small coal miner no one follows just disclosed an 1,800%…
24 Jun 8AM 26 min

The BizNews Edge: Economic warnings flash; Corporate giants mispriced; SpaceX tumbles

We explore a toughening economic climate as South African consumer confidence drops and central bank indicators flash red. Discover why the market is blindly punishing value, dragging down Sibanye Stillwater’s debt-free gold business despite solid restructuring plans. We also highlight Attacq’s resilient property portfolio and Steenkamp Kraal’s historic rare earth…
23 Jun 6AM 13 min