In The News South Africa

Former PetroSA manager in court for alleged R60mln fraud

JOHANNESBURG, October 25 –  A R60 million fraud case involving a former Petro-South Africa manager is expected to resume in the Bellville Specialised Commercial Crimes Court on Wednesday. Its alleged that 61-year-old Matshidiso Mogashoa worked as a corporate social investment manager in Cape Town when she committed the fraud, the Directorate for Priority Crime Investigation, better known […]

In The News South Africa

Workers and families suffer from corruption at SoEs, ‘scrap and democratise’ boards – Numsa

JOHANNESBURG, October 8 – The current boards of all state-owned enterprises (SoEs) must be “scrapped and democratised”, the National Union of Metalworkers of South Africa (Numsa) said on Sunday. Workers and their families were suffering from the impact of corruption at various SoEs, including Eskom, South African Airways (SAA), the Passenger Rail Agency of South […]

Business In The News South Africa

PetroSA signs $400mln oil and gas development agreement with Russia

JOHANNESBURG, September 4 – The embattled national oil company, PetroSA, on Monday signed a U.S.$400 million agreement with the Russian state-owned geological company, Rosgeo, to be invested in oil and gas development. The agreement was signed in the presence of Ministers of Energy at the 9th Annual Brics Summit currently underway in Xiamen, Peoples Republic of […]