Eskom supplier says it’s not responsible for problems with boilers, lays blame at Eskom’s feet

2015-01-26 15:40

Investigative journalist Chris Yellend reports that Eskom’s boiled supplier, Mitsubishi Hitachi Power Systems Africa has delivered exactly what Eskom asked for.

Poland charges five in Alstom bribery case

2014-12-31 14:45

Polish prosecutors have charged five people in a corruption case involving contracts won by Alstom, days after the US fined the French firm giant a record penalty.

Alstom pleads guilty of global bribery

2014-12-22 20:30

The French firm Alstom SA has pleaded guilty and will pay $772m in criminal penalties to settle charges with the US justice department.

France approves takeover of Alstom energy assets

2014-11-05 15:45

The French government has authorised the sale of most of Alstom's energy assets to US group General Electric.

GE's bittersweet $16.8bn deal to buy Alstom

2014-06-25 09:24

General Electric has scored large in its win over Siemens to buy the energy arm of French industrial giant Alstom.

Alstom, GE celebrate 'three-fold win'

2014-06-24 19:44

The bosses of Alstom and General Electric have defended their tie-up as good for business, jobs and France.

Siemens still interested in Alstom

2014-06-22 17:18

Siemens is still ready to resume negotiations with Alstom and the French state should they fail to agree terms with General Electric.

GE sweetens offer for France's Alstom

2014-06-19 18:30

General Electric has proposed several industrial alliances and the sale of its signaling business to Alstom.

Germany not aware of Alstom stake plan

2014-06-03 18:50

The German Finance Ministry says it is not aware of any plans for the government to take a stake in Alstom.

GE steps closer to buying Alstom assets

2014-04-30 15:30

The battle for Alstom's prized energy business is hotting up as the board indicated it was in favour of an offer by US giant General Electric.

France meets Alstom bidders

2014-04-29 15:30

France says it would defend jobs and its national interest as it met suitors eyeing Alstom and suggested it preferred Siemens over General Electric.

US, German battle over France's Alstom

2014-04-27 19:41

Siemens and the French government have intervened in US-based General Electric's plan to buy the power arm of France's Alstom.

Alstom shares jump on $13bn GE bid

2014-04-24 19:15

Shares in Alstom have jumped more than 14% after a report that General Electric was in talks to buy the struggling French turbine and train maker for about $13bn.

Name and shame Medupi culprit - DA

2013-07-26 15:36

The public deserves to know the identity of the sub-contractor responsible for faulty service delivery who misled Eskom and SA, says the Democratic Alliance.

Eskom contractor seeks business rescue

2013-07-09 10:19

A contractor involved in Eskom's Kusile power station project has applied for business rescue proceedings, a report states.

French firm clinches R51bn SA train deal

2012-12-05 16:00

In one of the biggest government deals ever, rail agency Prasa has awarded a R51bn contract to France's Alstom to build 3 600 new passenger trains.

French firm with SA links bust for bribes

2012-03-02 09:36

A French engineering company with links to the South African energy industry has been fined by the World Bank for paying bribes in Africa.


Alstom shares jump

2015-01-21 19:00

Shares in Alstom have jumped more than 3% after it confirmed its annual performance targets, with an 11% increase in transport sales in the last quarter.

US fines Alstom record $772m for bribery

2014-12-23 10:00

French industrial giant Alstom has admitted to bribing officials to win power and transportation projects from state-owned entities around the world.

Alstom to pay $700m in US bribery case

2014-12-17 18:14

French industrial giant Alstom has agreed to pay $700m to settle US corruption charges related to bribes in a few countries, says a source.

Alstom reports strong rail activities

2014-07-23 12:30

French engineering group Alstom has reported sales and order figures which fit its strategy of selling energy assets to focus on rail equipment.

France sells part of GDF Suez

2014-06-24 20:25

France has agreed to sell a 3.1% stake in gas utility GDF Suez and could sell up to 3.6% in order to finance the acquisition of a state participation in Alstom.

France secures Alstom stake option

2014-06-23 09:49

France has won an option to buy 20% of Alstom from construction group Bouygues, in an eleventh-hour deal clearing the way for the agreed sale.

Alstom offers keep improving

2014-06-20 19:35

Siemens and Mitsubishi Heavy Industries added €1bn to their offer for Alstom's energy business, hoping to see off a revamped bid by General Electric.

Mitsubishi eyes minority stake in Alstom

2014-06-13 11:01

Mitsubishi Heavy Industries is eyeing a minority stake in France's Alstom, after reports that it would team up with German giant Siemens.

GE adds jobs to boost bid for Alstom

2014-05-28 12:35

A takeover battle for parts of French power and rail group Alstom heated up, with US group General Electric promising to create 1 000 jobs in France.

Siemens to make offer for Alstom

2014-04-29 19:15

Siemens says it has decided to make an offer to France's Alstom, heating up a politically-sensitive battle for what has been termed a French "national jewel".

Siemens set to confirm Alstom bid

2014-04-29 10:23

The battle for Alstom is set to intensify, with Siemens ready to confirm its bid for the French engineering group also coveted by US rival General Electric.

GE in talks to buy Alstom's power arm

2014-04-25 20:15

General Electric is in talks to buy the global power turbines division of struggling French engineering group Alstom , according to two sources.

Alstom shares plunge on profits warning

2014-01-21 18:03

Shares in French engineering and power group Alstom has fallen by nearly 13.0% in initial trading in reaction to a profits warning by the company.

MPs to interrogate Medupi officials

2013-07-16 14:10

Parliamentarians will visit the Medupi power plant in Limpopo where they will ask hard questions about ballooning costs and delays, says the DA.

DA: Medupi delay to cost taxpayers R10bn

2013-07-09 07:54

The delay in operations at Eskom's Medupi power plant comes at an expected 15% price increase, pushing the cost of the project from R91bn to R105bn, says the DA.

Global giants eye SA rail tenders

2012-09-23 16:52

South Africa’s rail infrastructure plans, including the supply of 7 200 coaches worth R123bn, have caught the attention of Alstom and Siemens among others.

DA takes Hitachi deal to watchdog

2010-04-23 19:05

DA leader Helen Zille has written to the Competition Commission to investigate possible collusion between Hitachi Power Africa and Alstom over a R38.5bn tender to build boilers for Eskom.

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