Business In The News South Africa

McKinsey admits errors in Eskom contracts, halts work with SOEs

JOHANNESBURG, October 17 – Global consultancy firm McKinsey & Company admitted on Tuesday that it made “several errors of judgment” in the way it handled contracts with South African power supplier, Eskom, adding that it was not careful enough about who it associated with when taking such contracts. Earlier this month Eskom demanded that McKinsey and Gupta-linked […]

In The News South Africa

Eskom suspends power cuts in MP municipality after receiving payment

JOHANNESBURG, October 16 – Eskom on Monday suspended its planned supply interruption to the Govan Mbeki local municipality in Mpumalanga after it reached a payment agreement with the municipality.   This comes after Eskom started cutting the power supply to Govan Mbeki Local municipality from Monday last week and affecting areas such as Secunda, Embalenhle, Bethal, and Emzinoni as the municipality was over half […]

In The News South Africa

50 killed in illegal electricity connections in SA, Eskom deprived R20 billion from criminal activities

COFIMVABA, October 16 – At least 50 South Africans people have been killed and 150 others injured nationwide in incidents linked to illegal and unsafe electricity connections in 2016/17. Such illegal connections cost the South African power utility, Eskom a whopping R20 billion during the period. Officials from the company disclosed the figures in Cofimvaba […]

Business In The News South Africa

Eskom interim CEO blames “oversight” in friend’s monthly R100k contract

JOHANNESBURG, October 12 – Eskom’s interim group chief executive, Sean Maritz, on Thursday “acknowledged the oversight” in hiring his friend on a R100,000-per-month contract without following proper procedure, but rejected that this was irregular. This comes after weekend media reports that Maritz had previously received a written warning because he did not declare that the lucrative contract was given […]

In The News

MPs dismayed as chief procurement officer silent on Eskom contracts

PARLIAMENT, October 11– Acting chief procurement officer Willie Mathebula apologised to Parliament’s standing committee on finance on Wednesday for giving a “sub-standard presentation” after members expressed dismay that he claimed no direct knowledge of the withdrawal of a damning report on Eskom’s coal contracts with Tegeta.     Mathebula was also not able to provide details on […]

Business In The News South Africa

Black Business Council says Eskom CEO musical chairs doesn’t inspire confidence

JOHANNESBURG, October 9 – The Black Business Council (BBC) said on Monday that it was concerned by the sudden change of leadership at state-owned power utility Eskom, saying that government must give the enterprise some space and not meddle in its affairs. This comes after Eskom last week appointed its chief information officer and group executive for […]

Business In The News South Africa

Black Business Council meets to discuss leadership crisis at Eskom

JOHANNESBURG, October 9 – The Black Business Council (BBC) is meeting all its national office bearers on Monday to address the parlous state of leadership at Eskom. On Friday Eskom appointed its chief information officer and group executive for information technology, Sean Maritz, as its interim group chief executive in a “rotational basis” of the executive role. “The decision […]