Business Leadership South Africa on Thursday booted out state-owned entities Eskom and Transnet for their involvement in corruption and state capture with immediate effect. The announcement comes as BLSA launched its #BusinessBelieves campaign in Cape Town, where it signed a “contract” with South Africa, pledging to do even more to create jobs and grow and..
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Business Leadership South Africa suspends Eskom and Transnet
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Business Leadership South Africa kicks out Eskom‚ Transnet
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Business Leadership South Africa (BLSA) has suspended the membership of state entities Eskom and Transnet with immediate effect. The decision follows “extensive allegations of corrupt behaviour”‚ the business lobby group said. BLSA CEO Bonang Mohale said in a statement: “South Africans have been rightly disturbed in recent times at the numerous allegations of corrupt behaviour..
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Suspended Eskom CFO faces charges of corruption
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Charges of corruption and financial misconduct have been laid against Eskom’s suspended chief financial officer‚ Anoj Singh. The Organisation Undoing Tax Abuse laid the charges on Tuesday morning at the Randburg police station. The charges come after Eskom on Monday admitted to lying about payments which benefited the embattled Gupta family through the Trillian business..
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Eskom tariff increase expected – Hmm for Molefe R11-million golden handshake?
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After the Constitutional Court’s ruling that Nersa can give Eskom approval for the increase in electricity prices, economists are worried that the power utility may increase the rate by as much as 20%. Eskom has an estimated R61 billion shortfall to surpass, but any significant increases will cause an already stumbling economy to come to..
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Eskom wants to give Molefe R11-million golden handshake
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Public Enterprises Minister Lynne Brown this week quashed yet another bid by Eskom’s board to pay former CEO Brian Molefe a multimillion-rand golden handshake. The request to pay Molefe a settlement of R11.2-million was made to Brown by interim board chairman Zethembe Khoza. It came just months after the minister rejected an initial bid to..
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R150-million “winter challenge” bonanza considered by bankrupt Eskom – Please tell us where you will get the money from?
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Cash-strapped Eskom is considering paying its employees a R150-million “winter challenge” bonus for avoiding power cuts, a move that has been slammed by Public Enterprises Minister Lynne Brown. The submission comes a month after the power utility reportedly paid R4.2-billion in performance bonuses to staff, and two months after Brown approved bonuses totaling R13-million for..
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Falling BRICS endanger their citizens’ health, starting with Jacob Zuma.
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As he launches the African Regional Centre of the New Development Bank (NDB) in Sandton on Thursday, nearly 18 months behind schedule, Jacob Zuma must have mixed feelings. Strife-riven Brazil, Russia, India and China are more risky allies than Zuma reckoned when in 2010 he accepted Beijing’s invitation to join the club. “I was poisoned..
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Gigaba wants to withdraw Treasury’s report on Eskom’s coal supply agreements
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Finance Minister Malusi Gigaba has told Parliament the Treasury’s damning report on Eskom’s coal supply agreements with Tegeta Exploration and Resources had been mistakenly marked as “final” and had to be withdrawn. The Treasury sent the report to the standing committee on public accounts, but now said it had not been finalised, according to Gigaba’s..
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Zuma please wake up and smell the stench you are causing.
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Jacob Zuma has again escaped the axe after the ANC’s national executive committee (NEC) decided to retain him as the country’s number one citizen. But this decision cannot be interpreted as a victory for the embattled ANC president. The second motion by his comrades in less than six months to force him to step down..
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Internal Political Chess Game at Eskom Can Leave SA In Dark
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AfriForum launched an application in terms of the Promotion of Access Information Act, 2000 (Act No. 2 of 2000) to review the documentation regarding Brian Molefe’s return to Eskom. It follows from allegations that Molefe was not reappointed but with unpaid leave. “Someone in Eskom – whether Molefe himself, councilor Lynne Brown or other senior..
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Nuclear deal ruled as unlawful and unconstitutional: Learn all about the dark secrets of this shady deal
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The Western Cape High Court ruled on Wednesday that the South African government’s nuclear agreements with Russia, Korea and the US were unlawful and unconstitutional. In a landmark ruling, the Court also scrapped the South African government’s decision to buy about eight nuclear power stations — 9600MW of nuclear power. This decision was first gazetted..
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Eskom Customers will be Paying Twice for their Electricity due to “The African Way”
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The civil rights organisation AfriForum is worried that municipalities that owe Eskom money will have consumers coughing up to pay off these debts. AfriForum will therefore introduce a project today in 102 AfriForum branches country wide to empower communities to provide input regarding the drafting of municipalities’ integrated development plans (IDPs) and concept budgets. This..
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Milkman Telling you to Buy a Cow? Eskom Issues Recommendations on what Generator to Buy!
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Eskom has published a document titled “Selecting the right type of generator”, providing guidelines on which generators to buy, and how to connect them to your home. Does not really instill much confidence for their future plans in them does it? Residential generators are available in a variety of sizes, with power supply capacities ranging between..
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Was the The White Giant of Africa GOOD for Black South Africans? German statistics seem to say so.
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Time to come out from under the pile of political correctness manure and realise that maybe we threw the Goose that laid the Golden Egg out with the bathwater… In Southern Africa there exist 12 Nations Without a State forced together by a communist regime which was foolishly supported by a world who fell prey..
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While mostly white South Africa has countrywide Blackouts, construction at overdue new Power Station is on African time with shortened working hours.
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Jacob Zuma alluded to white people claiming that they do things better than blacks in his State of the Nation address. Let us look at what is arguably one of the most important and biggest projects undertaken by his black regime which should be a flagship example. The state-owned utility’s inability to complete the Kusile..
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