The Jacob Maroga saga has taken yet another bizarre turn. At this hour, Eskom claims it doesn't actually know whether he's in or out.

Government's cancelled that multibillion-rand order with Airbus. It's blaming the ballooning cost. Confidence among the experts in our prospects has hit a year low. And Eskom's the main culprit. That's according to the latest Reuters poll.

It's not just economists fretting. Companies operating across the economy have been singing the same tune today. That conditions will remain tough — for at least the next 6 months.

Old Mutual too says customers are nervous. The insurer reckons consumer confidence will lag the recovery by several months. That unease is evident in its third quarter update.

Old Mutual's banking business is equally wary. Nedbank says consumers and companies remain under pressure. For financial 2009, the bank's predicting HEPS down 25-35 percent.

Check out Summit TV for the latest news updates.


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