Star 2025-08-26

Airports Company South Africa (Acsa) has moved to fortify its fuel security amid the country’s ongoing energy challenges, with CEO Mpumi Mpofu warning that South Africa’s heavy reliance on fuel imports remained a risk to airport operations. Acsa has in the recent past faced significant disruptions to flight operations at its airports as a result of fuel supply challenges due to a variety of reasons, the latest being the shutdown of the National Petroleum Refiners of South Africa (Natref), which caught fire on 4 January. Speaking at the release of Acsa’s financial results for the year ended March 2025, Mpofu on Monday said the company had ramped up its jet fuel storage capacity to 10 days as a safeguard against supply disruptions, which have previously caused significant operational setbacks. Mpofu…

President says country will continue to engage with partners in the Global North, and Global South President Cyril Ramaphosa has announced that the nation will persist in its strategic engagement with partners from both the Global North and Global South. Ramaphosa’s remarks came in the aftermath of a fruitful engagement at the 9th Tokyo International Conference on African Development (TICAD9) in Japan, highlighting South Africa's commitment to bipartisan approach to international relations and diversifying its export markets. In his weekly newsletter on Monday, Ramaphosa said South Africa’s economic diplomacy was centred on securing market access, attracting investment and promoting sustainable development. Drawing inspiration from leading Pan-African advocate Kwame Nkrumah, Ramaphosa said South Africa will continue to engage with partners in both the Global North and Global South. “Our approach is…

Finance Minister Enoch Godongwana has appointed Job Stadi Mngomezulu as acting CEO of the Government Pensions Administration Agency (GPAA) after seconding him from the National Treasury. This decision comes in the wake of Godongwana placing Kedibone Madiehe on precautionary suspension with full pay, effective immediately, as her tenure has recently come under sharp scrutiny over allegations of procurement irregularities. Moreover, Godongwana announced that the Office of the Accountant General (OAG) unit has commenced a detailed forensic investigation into all allegations of financial misconduct at the agency. The GPAA is a government component which reports to the Minister of Finance and administers the pension affairs of approximately 1.7 million government employees and pensioners, as well as the affairs of their spouses and dependants. The agency has been rocked by allegations of…

For too long, governance has been reduced to the production of paperwork, compliance checklists and board reports. Many boards take comfort in approving strategies, signing off policies and publishing annual reports as if these activities, in and of themselves, are proof of effectiveness. Yet an uncomfortable truth remains: outputs alone do not guarantee that governance is working. The real test of governance lies not in the number of policies approved or reports filed, but in whether those actions translate into meaningful and measurable impact. In other words, governance maturity is not about outputs but about outcomes. King IV reminds us that governance must deliver four intended outcomes: an ethical culture, good performance, effective control and legitimacy. These are the benchmarks against which boards should ultimately be judged. Outputs are easy…

Business has welcomed the allocation of rail slots to 11 new train operating companies (TOCs) across 41 routes and six corridors, as announced by Minister of Transport Barbara Creecy. Busiswe Mavuso, the CEO of Business Leadership South Africa, said it was an important step towards a competitive and thriving logistics system in South Africa. "This is the realisation of years of intense collaboration between business and government to improve the performance of the rail network by introducing private operators and investors. When we speak of structural reform in logistics, this is what we mean – creating the competitive environment that will drive efficiency, investment and ultimately economic growth. This step is one along the plan that we have been advocating for through the National Logistics Crisis Committee," she said. She…

In November 2025, Johannesburg will host the G20 Summit — the world’s most influential gathering of political and business leaders — alongside the second Future of Jobs Summit™. This rare convergence of global attention and local action presents South Africa with a once-in-a-generation opportunity: to commit to and co-create one million new jobs by 2030. The idea is not unprecedented. When India hosted the G20 in 2023, they turned the moment into a national economic accelerator, creating over a million jobs in under two years through targeted industry investment, fast-tracked infrastructure, and SME empowerment. South Africa can follow — and even surpass — this example if we act decisively, align our national priorities, and work in true partnership across business, government, and labour. The Power of Co-Creation Co-creation is not…