South Africa’s New President and Labor Unions at Loggerheads

Eskom is critical to South Africa. It supplies more than 90 percent of the country's power, has 220 billion rand ($17 billion) of state-guaranteed debt and is often cited as a threat to South Africa's credit ratings, which are near junk status.

South Africa’s New President and Labor Unions at Loggerheads

By Alexander Winning | Reuters | Thu Jul 12, 2018 JOHANNESBURG (Reuters) – A month after Cyril Ramaphosa took the helm of South Africa’s ruling African National Congress (ANC) in December, he called an urgent meeting with then-President Jacob Zuma and senior ministers to save state power firm Eskom. Ramaphosa understood sweeping changes were needed […]