Business In The News South Africa

Cabinet confirms Phakamani Hadebe as Eskom chief executive

PARLIAMENT, May 24  – Interim Eskom boss Phakamani Hadebe has been appointed permanently as chief executive officer of South Africa’s state-owned power utility, Public Enterprises Minister Pravin Gordhan announced on Thursday.   Speaking during a media briefing in Parliament, Gordhan said Hadebe’s appointment was approved by Cabinet during its fortnightly meeting on Wednesday.   The […]

In The News South Africa

Suspended Eskom exec Masango cleared of charges; to return to work

JOHANNESBURG, April 24 – Suspended Eskom executive for group capital Abram Masango has been cleared of the charges which were levelled against him, the power utility said in a statement on Tuesday. Eskom said that Tim Bruinders SC, who was appointed to chair a disciplinary hearing convened to consider disciplinary charges levelled against Masango, had found […]

In The News South Africa

Former Eskom chief Molefe won’t pay back an amount he thinks he shouldn’t – lawyer

PRETORIA, April 17 – Former Eskom CEO Brian Molefe and his legal team will now have to regroup and ponder on their next move, after the High Court in Pretoria on Tuesday refused them leave to appeal the January decision which ordered Molefe to pay back all money received from the power utility’s pension payout. Molefe’s lawyer […]

Lead Opinion South Africa

Eskom’s engineered privatisation at the hand of forced Renewable Energy IPPS!

Phapano Pasha Where are the black intellectuals and black businesspeople when White minority and foreign capital including the politically connected within the ANC  are about to benefit from another self-invented social grant scheme worth over R1.4 trillion in the form of IPPs that will see dividends flowing out of this country for the next 15 […]