Millions of rand of public funds were siphoned off from Transnet, Eskom and South African Airways.
Author: Barbara Curson
Investigator Paul Holden has given a stupefying account of billions of rand paid from state-owned entities and other governmental organisations into a complex local laundromat.
A recent court decision has come as big blow to Telkom. A judgment handed down on 25 March by the supreme court of appeal held that a R3.9-billion foreign exchange loss and a R136-million incentive bonus were not deductible.
Surely Sars would not lend itself to enabling a corporation that it is contracted with to avoid tax?
As much as it pulls at our heartstrings, the SABC’s sad attempts to invoke “Living the legacy” as a slogan should not sway government from ruthlessly resetting its focus on more crucial projects.
Eskom no longer conjures a picture of an organisation to be proud of but rather a dilapidated, hollowed out shell with perpetual problems.
The South African Revenue Service has issued a media release for South African resident travellers returning to South Africa with personal effects such as laptops, iPads, cellphones, golf clubs, cameras and
As time drags on, Steinhoff dribbles unhelpful titbits of news to anxious shareholders, bondholders, investors, employees and pensioners. Apart from the apparent complex deals that the independent investigators, PwC, are
Jabu Mabuza announced Eskom’s September 2017 interim results with self-assurance and style. Looking natty in a pink jacket, pale blue shirt and brown fedora, he raised confidence in Eskom by a couple of notches. As he spoke of rooting out financial mismanagement, malfeasance and corruption, it was easy to be pulled into a feeling of optimism that everything will be okay. However, he is not the first highly experienced businessman to take on Eskom. Bobby Godsell came out of retirement in 2008 to become chairman. He was CEO of AngloGold Ashanti from 1998 to 2007. Godsell resigned in November 2009,…