Helen Suzman Foundation, Wierzycka Sue Ministers, Zuma And Guptas Over Capture At Eskom

Magda Wierzycka, CEO at Sygnia asset management. (Pic: Supplied)  The Helen Suzman Foundation and Sygnia Asset Management CEO Magda Wierzycka have approached the courts to deal with the capture of Eskom. According to an affidavit filed at the North Gauteng High Court on Thursday, the foundation and Wierzycka want the courts to set upside the […]
Continue reading…

Enjoyed this post? Share it!

 
 

Meet Peter Hain: The British Lord Obsessed With Exposing Zupta Corruption

Lord Peter Hain has proved to be one of the most potent of the many weapons in South Africa’s anti-corruption army. A former Labour Party cabinet minister who graduated from the long-haired activist who led the isolation of apartheid SA sports teams, the 67-year-old peer has lost little of his vigor. I watched him inject enthusiasm into a debate […]
Continue reading…

Enjoyed this post? Share it!

 
 

Steinhoff implosion staggers SA

The collapse of Steinhoff International’s share price this week, following allegations of accounting fraud, is being described as the biggest corporate failure on the JSE so far, but it may just be the tip of the iceberg. On Thursday afternoon, Finance Minister Malusi Gigaba said he supported a decision by the Financial Services Board (FSB) […]
Continue reading…

Enjoyed this post? Share it!

 
 

Eskom Could Close Hendrina Power Station Over Coal Supply: Plunging SA into another period of load shedding

An amaBhungane exclusive has revealed that Gupta-owned Tegeta has repeatedly failed to deliver enough coal. Leaked documents have revealed that Eskom is warning it might have to close its Hendrina power station, possibly plunging the country into another period of load shedding. An amaBhungane exclusive has revealed that Gupta-owned Tegeta, which bought the Optimum Coal […]
Continue reading…

Enjoyed this post? Share it!

 
 

Tegeta Threatens ESKOM Coal Supply As Load Shedding Risk Looms

Leaked documents have revealed that Tegeta’s threat to cut coal supply came just as Eskom discovered a massive miscalculation that over-estimated the size of Hendrina’s strategic coal stockpile.   Gupta-owned Tegeta has threatened to shut down coal supply to Eskom just as the power utility discovered that thousands of tons of coal have gone missing. In an […]
Continue reading…

Enjoyed this post? Share it!

 
 

Brian Molefe Adamant He Should Be Reinstated As Eskom CEO

  Brian Molefe is adamant he should be reinstated to his position as Eskom’s CEO. He insists he and Eskom made an honest mistake when they agreed on his early retirement from the power utility five years too early. The DA, EFF, and Solidarity are going to court on Wednesday to have Molefe’s R30-million pension […]
Continue reading…

Enjoyed this post? Share it!

 
 

MPS Suggest ESKOM Write Off Municipalities’ “Historical” Debt

A dispute over whether municipalities should bear the responsibility of maintaining the country’s electricity distribution network has been debated in Parliament. A dispute over whether municipalities should bear the responsibility of maintaining the country’s electricity distribution network has been debated in Parliament. It’s a battle that’s raged between local councils and Eskom for years. Parliamentarians say the matter can’t […]
Continue reading…

Enjoyed this post? Share it!

 
 

Eskom witnesses refuse to testify against Koko

Eskom witnesses have reportedly declined to testify against former chief executive Matshela Koko at the internal disciplinary hearing against him, making way for him to be possibly reinstated. Eskom’s prosecution case against Koko came to a halt at the weekend after its evidence leader Cassim Moosa told chair of the disciplinary hearing advocate Mzungulu Mthombeni […]
Continue reading…

Enjoyed this post? Share it!

 
 

#DYNAMITE#ZUMAGO : Ex-Eskom Chair Tsotsi Provides State Capture’s “Smoking Gun” And May End The Zuma Presidency

  Why no arrests, Hawks? Former Eskom chairman Zola Tsotsi dropped a proverbial State Capture bomb in South Africa’s Parliament this morning. His statement to the investigating committee unpacks how he was bullied by the Guptas and State Enterprises Minister Lynne Brown, and implicates Jacob Zuma in an identical manner to that what was previously explained by whistle-blowing ANC […]
Continue reading…

Enjoyed this post? Share it!

 
 

Colonel Shebeen on Gupta Chicken parade

This is Colonel Shebeen on Gupta Chicken parade. Next, he will do the Leopard crawl before his masters, the Guptas. You know what this means? It means that the Guptas control our army, because they just appointed their servant as a fulltime Colonel in the SANDF, without any military background, with a salary of R60 000 […]
Continue reading…

Enjoyed this post? Share it!