Business In The News South Africa

National Treasury receives draft forensic report on Tegeta, China South Rail

PRETORIA, July 29 – The National Treasury has received the draft forensic report on alleged irregularities regarding Eskom’s coal supply contract with the Gupta-owned Tegeta and Transnet’s purchase of rail locomotives from China South Rail. “Further to the announcement of 4 August 2017, National Treasury has received the draft forensic report on the alleged irregularities […]

In The News South Africa

One arrested as Eskom stolen cables worth R5 million discovered in Johannesburg

JOHANNESBURG, July 13  – An investigation team from Eskom recovered stolen Eskom infrastructure worth R5 million, the power utility said on Friday. One person was arrested when the team and members of the South African Police Service made the discovery of the infrastructure, which included aluminium and copper cables, in Muldersdrift, Johannesburg, Eskom said in […]

In The News South Africa

Eskom wage negotiations continues

JOHANNESBURG, July 11  – Wage negotiations between power utility Eskom and unions resumed on Tuesday in Johannesburg. National Union of Mineworkers (NUM) spokesman Livhuwani Mammburu told television news channel eNCA that unions have given Eskom two options of a one year deal or a three year one. Eskom on Friday tabled a 7 percent wage increase […]

In The News South Africa

Cooperative governance minister tackles municipality debt, electricity distribution

JOHANNESBURG, July 6 – South African municipalities are buckling under the pressure of non-payment for services which has resulted in dwindling revenue, threatening delivery of service to communities, the Cooperative Governance and Traditional Affairs (CoGTA) said late on Thursday after its minister Zweli Mkhize met officials. Mkhize undertook to request the assistance of the President’s Coordinating […]