Browsing: Malusi Gigaba

Limiting Eskom’s electricity tariff hike to 8% is likely to have far-reaching implications, public enterprises minister Malusi Gigaba said on Monday. “While the National Energy Regulator of South Africa’s [Nersa’s] decision … is welcomed, the implications of the lower tariffs and revenue approved on Eskom’s

The 16% electricity tariff hike every year for the next five years is unavoidable, public enterprises minister Malusi Gigaba said on Tuesday. “It [the tariff increase] is not fair, [but] it is necessary,” Gigaba said at a business breakfast in Fourways.

The government’s decision in August to retain two Telkom directors who small institutional investors wanted removed and vote off four independent investors has led to speculation that the purge of the board was driven by a long-term plan for the company

Eskom’s application for a 16% price hike over five years is vital to cushion the economy against a shock of a sudden tariff rise, public enterprises minister Malusi Gigaba said on Tuesday. Briefing the parliamentary committee on public enterprises, Gigaba was reluctant to declare whether Eskom’s

Communications minister Dina Pule on Wednesday told journalists that cabinet will finalise its decision regarding the future of Telkom either this week or by the “beginning of October”. Pule, who was speaking at the Classic FM Business

Uncertainty continues to surround Telkom after a cabinet meeting on Wednesday where the company’s future was meant to be debated. Communications minister Dina Pule said last week that she would present three options for the company’s future to cabinet, which is government’s highest-level

Telkom’s share price was trading up by more than 5% in mid-afternoon trade on the JSE on Monday ahead of a cabinet meeting scheduled for Wednesday at which communications minister Dina Pule is expected to set out three strategic options for the fixed-line telecommunications operator. The share

Government has not yet made any decisions about whether it will buy out minority shareholders in Telkom and delist the telecommunications company from the JSE and discussions about the company’s future remain “exploratory”. That’s the

State-owned telecommunications infrastructure company Broadband Infraco has reduced its net losses in the 2012 financial year ended 31 March 2012, reporting a loss for the year of R95m against a loss of R206m in the 2011 financial year.

Earnings

Puleng Sejanamane has been appointed CEO of the state-owned Broadband Infraco by public enterprises minister Malusi Gigaba. “This is one of the final building blocks being put into place to re-establish the leadership team at Infraco, under the guidance of a revitalised and re-energised board,” Gigaba’s department