Business In The News South Africa

Workers walk out of wage negotiations with Eskom

JOHANNESBURG, June 8 – The National Union of Metalworkers of South Africa (Numsa) on Thursday walked out of wage talks with Eskom, saying that negotiators of the state-owned power utility had adopted a hostile attitude and were employing bully tactics to intimidate its officials. Numsa said that the second round of wage talks broke down because  Eskom brought specialised […]

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 […]