In The News South Africa

Eskom refutes allegations that it is ‘broke’

JOHANNESBURG, July 16 – Electricity parastatal Eskom on Sunday denied media reports that the state-owned company (SOC) is facing a cash crisis. Eskom had noted weekend media reports concerning its financial sustainability, Eskom said in a statement. “Due to limitations around disclosing financial information before the official announcement which is scheduled for Wednesday 19 July […]

In The News South Africa

MPs to include state capture in Molefe probe

PARLIAMENT, June 21– Parliament’s portfolio committee on public enterprises on Wednesday resolved to devote August to an in-depth probe of the circumstances surrounding Brian Molefe’s re-appointment to the helm of Eskom, including allegations of the Gupta family’s hold on the power utility. “The committee agrees that his re-appointment made us think of governance in the […]