South Africa will study the cost of power generation from various projects and expects to announce a decision on new renewable sources by 7 December, according to energy minister David Mahlobo. The energy department has
Browsing: Eskom
Eskom’s credit rating was cut to a deeper junk level by Moody’s Investors Service as South Africa delayed appointing a new board at the state-owned power producer and releasing its financial results
Finance minister Malusi Gigaba met with representatives of the World Bank last week to discuss financing for development of a nuclear power programme in the country, according to two people familiar with
German software giant SAP has reported alleged misconduct in its South African operation to US authorities responsible for enforcing the US Foreign Corrupt Practices Act and initiated disciplinary procedures against three of four
Acting Eskom CEO Johnny Dladla has been removed from the position, just four months after being appointed, and replaced him with Sean Maritz, the state-owned power utility’s chief information officer
skom has said it will ask McKinsey & Co and Trillian Capital Partners to return “unlawful” payments that the power utility has made under arrangements with the companies. Eskom is seeking the return of R1bn from McKinsey and
South Africa is ready to start a probe into contracts of state-owned power utility Eskom, which provided false information about dealings with Trillian Capital Partners and McKinsey & Co, public enterprises minister Lynne Brown
Business Leadership South Africa (BLSA) has suspended the membership of both Eskom and Transnet with immediate effect, citing the state-owned enterprises’ connection with “extensive allegations of corrupt behaviour over
Debt and corruption scandals at Eskom make the utility the biggest risk to South Africa’s economy and the government needs to replace its management, Goldman Sachs Group has said. Eskom plans to
Public enterprises minister Lynne Brown has instructed Eskom to begin legal action against companies including McKinsey & Co over their involvement in disputed contracts at the state-owned electricity