Evidence leader at the Zondo inquiry, Advocate Kate Hofmeyr, on Tuesday, 26 February 2019, gave an overview of the evidence of corruption in Eskom’s coal supply contract with Gupta family businesses that were going to be presented by a new witness. Daniel Mashigo, acting senior general manager for primary energy division at Eskom, took the stand on Tuesday..
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Thank Eskom and the Guptas for Being in the Dark – Eskom Staff Were Pushed to Sign R4.3bn Tegeta Contract, #StateCaptureInquiry Hears
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During the ANC regime, roughly R500 billion has been looted by Eskom contractors, which partly explains why South Africa is in such a big financial mess – it is unsure if the culprits will be brought to justice
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A Special Investigation Unit is currently investigation more than eleven contractors whom are suspected of robbing the power utility of billions of rand. The contractors looted R130 billion from Eskom during the construction of the two new power stations, Medupi and Kusile as well as the Ingula power station. From the so-called “inner circles” it..
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Members of parliament accuse Eskom of holding SA hostage and trying to enforce money from taxpayers who are already suffering from the heavy debt of the ANC government
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Zukiswa Rantho, who led the parliamentary inquiry into Evkom’s problems, made up the former Eskom boss, Matshelo Koko, in parliament as a “servant” of the Gupta’s. She pointed him out as a liar and a possible criminal. Several speakers in parliament once again pointed out that Eskom is holding the country hostage and trying to..
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Numsa wants Gordhan’s head over extraordinarily high escalation costs at new failed power stations – according to Gordhan, power stations are “poorly designed and poorly erected”
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Trade union Numsa demanded that the Minister of Public Enterprises, Pravin Gordhan, be dismissed for the extraordinarily high escalation costs at the Medupi and Kusile power stations. The construction cost has doubled to almost R292 billion and both power stations are described as “poorly designed and poorly constructed” by Gordhan. Earlier, it was confirmed that..
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Economist says Zuma government cost taxpayers about R470bn – What a waste of good money!
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Nedbank chief economist Dennis Dykes says the Zuma regime has cost South Africa R470bn. Dennis Dykes says they have done a thorough calculation that is South Africa’s loss due to corruption, maladministration and distorted policies in Jacob Zuma’s second term. He says there was an estimated loss of R140bn due to taxes lost and now..
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Rolling Blackouts on the cards as AMCU threaten secondary strike , AMCU represents about half of coal mine workers in SA
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The tussle between Sibanye-Stillwater and the Association of Mineworkers and Construction Union (AMCU) has reached new heights. The trade union, whose membership also includes coal mine workers, has teased a secondary strike and this could affect load shedding too. Why is AMCU set to embark on a secondary strike? AMCU president, Joseph Mathunjwa, made it..
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Eskom and SA are paying an expensive price for ANC’s Affirmative Action Policy – white experienced and knowledgeable engineers are missing from the state entity and now experts have to come from abroad to save Eskom
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Eskom and the government’s unwavering attitude to applying Affirmative Action (RA) is now costing South Africa. Due to RA, experienced and knowledgeable engineers have left Eskom and now the Minister of Public Enterprises, Mr. Pravin Gordhan, are asking them to help save Eskom. The Freedom Front Plus has long warned that RA is harmful to..
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SA’s largest township owes Eskom R17 billion – Soweto residents respond: Hell no, we won’t pay for electricity!
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City Press visits Soweto and asks residents why they don’t pay for their electricity and how they could help Eskom to recoup the R17 billion owed by the people who live in SA’s largest township. On Wednesday morning, as load shedding hit the township of 1.3 million residents, small businesses were losing money, and children..
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Loadshedding left a trail of destruction in South Africa, weakening the poor economy by at least R10bn; this should be a costly lesson for the Ramaphosa government
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The five days of loadshedding last week left a trail of destruction in South Africa, and should be an expensive lesson for the Ramaphosa government. It was a week in which transformers exploded, damaging equipment in homes and industries, virtually irreparably damaging substations and even weakening the poor economy by at least R10bn. The load..
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According to Senzo Mchunu, one of ANC president Cyril Ramaphosa’s confidantes, black managers are too blame for the bankrupt Eskom
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An ANC member of the party’s National Executive Committee, Senzo Mchunu, says it is black executives who are responsible for the condition at Eskom. He says all that they have achieved was to do well in the failures. Senzo Mchunu is one of ANC president Cyril Ramaphosa’s confidantes who are now out against Eskom’s “black..
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BE WARNED SOUTH-AFRICANS!! After the load-shedding come water shortages – Still people will be voting for the ANC this coming election
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It’s not just load-shedding you have to worry about, the city of Johannesburg has warned. You could also be in for water cuts. The metro warned that water shortages could follow load-shedding. “As we continue to experience load-shedding across the country, Johannesburg Water is working alongside City Power to ensure that residents do not have..
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ANC regime announces that experts from Italy have been called in to restore poor service to Eskom, while South Africa is swarming with extremely capable whites who can do the job
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Minister Pravin Gordhan’s nine-point plan to get the bankrupt Eskom back on track are welcomed by industrialists and businessmen who are currently deeply concerned about the extremely poor functioning of this state entity. An expert dealing with the dilapidated Eskom says the minister’s plans can contribute to possible recovery of Eskom. He says although it..
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Soweto owes ESKOM R 17 billion, half of the total national debt – Just cut their bloody electricity to this township!
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ESKOM is desperately trying to recoup money owed by municipalities – Soweto, in particular, is making that task all the more difficult. ESKOM, South Africa’s national electricity provider, had an exceptionally shocking year in 2018. Financial losses reached dismal new depths. Irregularities, both fiscally and operationally, left the state owned enterprise floundering in the doldrums..
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What did South-Africans used before candles? Electricity! – Eskom is apparently technically bankrupt and its R420bn debt currently accounts for 15% of the country’s debt – will no longer exist at the current projection by April 2019
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The Portfolio Committee of Public Enterprises heard at the hearing of the Department of Public Entities that Eskom was “technically bankrupt”. Eskom will no longer exist at the current projection by April 2019. The power supply’s R420bn debt burden currently accounts for 15% of the country’s debt and its revenue has increased fourfold since 2007..
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Medupi units drowning in ash as contractor forced to withdraw – Shows Eskom’s failure to operate the plant at the completed units properly – Just one more accomplishment of the ANC- regime
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The five power generation units at Eskom’s troubled new Medupi power station that have been operational are drowning in ash after Clyde Bergemann Africa (CBZ), which was contracted to supply and construct the dust handling units, withdrew its staff from the power station. CBZ managing director Jeremy Kirsch confirmed to Moneyweb on Monday that the..
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