Weapon manufacturer Denel is one of several state-owned enterprises (SOEs) found amid allegations of corruption and statecapture. The entity finds itself in a deep financial crisis and was forced to ask government for a R2.8 billion bailout to pay suppliers and outstanding salaries. Public Enterprises Minister Pravin Gordhan announced that the company, with the help..
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Cash strapped Denel asks ANC regime for cash injection of R2.8 billion to pay employees salaries and remuneration
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Problems at Eskom hit rock bottom – rocks are being sold to Eskom as coal by fraudulent suppliers, poor quality coals the cause of six turbines seizing at power stations
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Load shedding has been an unwelcome visitor to South African homes this year as Eskom continues to fail in its responsibility to keep South Africa’s lights on. A recent discussion on SABC about load shedding highlighted the extent of the problems being faced at the power supplier. These include the poor quality of coal used…
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