State-owned defence firm Denel hopes to return to profitability within the next five years via a restructuring plan, but will still require significant cash injections to make it happen.
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President Cyril Ramaphosa testified on Wednesday that he chose to “remain but resist” rather than resign as deputy president when allegations of widespread corruption surfaced under his predecessor.
EOH Holdings is in “advanced negotiations” with the departure of water affairs & sanitation over compensation related to four dodgy contracts awarded to the IT services company worth R474-million.
President Cyril Ramaphosa announced 10 changes to his cabinet, including the appointment of close political ally Enoch Godongwana as his new finance minister.
South Africa has a new minister and deputy minister of communications & digital technologies, with Stella Ndabeni-Abrahams redeployed to the small business development portfolio.
The Special Investigating Unit will lodge an investigation into allegations of corruption and maladministration involving tenders awarded to EOH by the department of water & sanitation.
Boyce Maneli, who chairs parliament’s portfolio committee on communications, has called for nominations for suitably qualified people to fill four vacancies at the council of Icasa.
The Electoral Commission has launched an online voter registration facility allowing new voters to register and existing voters to update or amend their registration from anywhere.
EOH Holdings CEO Stephen van Coller said late on Friday that he is confident that the IT services group will not be blacklisted by government.
The Gauteng provincial government paid Microsoft $20.9-million, instead of R20.9-million, for software, costing the taxpayer millions of rand in exchange-rate losses, the Democratic Alliance has said.