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April 2018
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Posts Tagged ‘Eskom’
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April 3, 2018

‘Investors abroad inspired by new president’

Treasury Director General Dondo Mogajane has told Eyewitness News the country’s new leadership has helped Treasury officials, business and labour in their discussions with investors abroad.

Treasury is leading a high-level delegation including representatives of labour and business on a week-long investor roadshow in London, Boston and New York.

The purpose of the roadshow is to continue developing relationships with international investors and to provide them with an update after budget 2018.

It’s understood that new Finance Minister Nhlanhla Nene has been widely welcomed by investors.

Treasury says investors abroad are inspired by the country’s new [...]

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March 2, 2018

Third Gupta-owned mine fails to pay its workers

An employee at Shiva Uranium mine in Klerksdorp says workers have been left in the lurch after the company failed to pay them their salaries last week

Picture: SUNDAY TIMES

An employee at Shiva Uranium mine‚ a Gupta-owned company based in Klerksdorp‚ North West‚ said they have been left in the lurch after the company failed to pay them their salaries last week.

“We have not been paid February salaries. We were told that we would be paid on the 28th. This is very frustrating as most of us live far from work and are struggling to get money for transport‚” said the employee‚ who asked not to be named.

She said the company told them on Friday that the [...]

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February 12, 2018

Eskom’s Koko facing four new charges, including misleading Parliament

Newly suspended top Eskom executive Matshela Koko is facing four new charges, including that of misleading Parliament, according to his suspension letter and an internal Eskom charge sheet.

In the letter the state power utility, which on Wednesday evening confirmed that Koko had again been suspended, alleges he “committed serious acts of misconduct” and “gross negligence”.

The letter, was written by Eskom’s interim group CEO Phakamani Hadebe.

In it he states that Koko breached the Eskom code of conduct when he appeared before a parliamentary committee investigating state capture in January by knowingly attempting to mislead Parliament.

“In this [...]

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February 5, 2018

DEFIANT KOKO SAYS HE WON’T QUIT ESKOM

Koko told Parliament’s Eskom inquiry on Wednesday night that he was being “hung out to dry” over state capture, and that he has not read the Public Protector’s ‘State of Capture’ report.

Embattled Eskom executive Matshela Koko says that he won’t be quitting, despite a government recommendation that he be axed.

Koko told Parliament’s Eskom inquiry on Wednesday night that he was being “hung out to dry” over state capture, and that he has not read the Public Protector’s State of Capture report.

His lawyer has written to the Eskom board saying that any attempts to remove him from his job, must be [...]

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