ESKOM FACING CASHFLOW TROUBLE – THEN STOP SPENDING MONEY ON BONUSES

Eskom spokesman Khulu Phasiwe said the firm’s sales growth had been muted while its operating cost was very high and its tariff for the current financial year was low. South Africa’s scandal-plagued power utility Eskom said on Monday it was not insolvent but was facing serious liquidity issues and would be in “trouble” if the […]
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Mixed reaction to Cyril Ramaphosa’s ‘slate’ especially with Naledi Pandor as VP

Deputy President, and one of the frontrunners for ANC leader, Cyril Ramaphosa will have a tough time convincing some of his supporters to throw their weight behind his preferred deputy ahead of the party’s December elective conference. The surprise announcement that he wants current ANC National Executive Committee member Naledi Pandor to be his deputy […]
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NASPERS’ (News24) cash cow, the Chinese tech giant Tencent, slammed over corporate sexism and simulated oral sex leak.

NASPERS owns a 34% stake in the Chinese tech giant Tencent, which is responsible for increasing NASPERS’ market value tenfold in the last decade. The company is facing a massive backlash after footage of a lewd party game at one of its annual events was leaked online showing female employees simulating oral sex on stage. […]
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