Business In The News South Africa

National Treasury tells MPs that PWC report alleges Eskom-Tegeta contract was hastily and poorly drafted

PARLIAMENT – PricewaterhouseCoopers found that Eskom’s coal contract with Tegeta was hastily and poorly drafted and quality requirements were treated in a cursory manner, National Treasury told MPs on Tuesday. Solly Tshitangano, a deputy director general and acting chief procurement officer, said the auditing firm also found that safety and environmental checks were only performed […]

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How independent power producers will bankrupt Eskom and ruin coal mining

Weekly Xposé team Eskom faces the risk of financial ruin if it signs Power Purchase Agreements (PPAs) with key renewable energy independent power producers (REIPPs). Weekly Xposé is in possession of documents which indicate how demand for electricity has slowed down, resulting in significant excess capacity for the power utility. The documents reveal that if the […]

In The News South Africa

Western Cape High Court declares nuclear deals unlawful and unconstitutional

CAPE TOWN – Earthlife activists celebrated outside the Western Cape High Court after it found government’s nuclear procurement processes to be unlawful and unconstitutional. Judge Lee Bozalek delivered judgement on Wednesday to a packed courtroom. The case was brought by Earthlife Africa and the Southern African Faith Communities’ Environment Institute against government in 2015. The […]