South African investigators are seeking to recover more than R400-million from German software giant SAP for two government contracts they allege were entered into unlawfully, court documents show.
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The SIU is going after members of the Gupta family, and former Eskom executives, board members and other associates in an effort to recoup R3.8-billion that the power utility lost when the Gupta family acquired Optimum Coal.
The energy ministry on Sunday began consultations with industry on preparations for a proposed 2.5GW nuclear power plant building programme, which has faced opposition from environmental campaigners.
Eskom has demanded that consultancy PwC repay it R95-million, alleging the money was disbursed under an invalid contract. PwC has denied the allegation.
Eskom CEO André de Ruyter said on Thursday the state power utility could become financially viable and do without government bailouts if it could more than halve its debt to R200-billion.
South Africa is drafting a plan to procure an additional 2.5GW of nuclear power capacity within the next five years, according to the department of mineral resources & energy.
President Cyril Ramaphosa has won praise for his response to the coronavirus outbreak. Now, he’s risking a public backlash after members of his cabinet reversed some of his measures and made racially charged statements.
With South Africa in lockdown, citizens need to stand up to irrational decisions by politicians who think they know better. E-commerce is one area where this fight needs to be waged. By Duncan McLeod.
South African Airways plans to lay off its entire 4 700-strong workforce after failing to persuade the government to provide more financial help.
Faced with the biggest challenge of any post-apartheid South African leader, President Cyril Ramaphosa has also been given a rare opportunity to push through the painful reforms the economy needs.