R51bn train tender has interesting beneficiaries

2015-05-17 15:00

The son of one of President Jacob Zuma’s closest allies, one of politician Peter Mokaba’s former bodyguards and a former Israeli spy boss are all beneficiaries of or involved in the Passenger Rail Agency of SA R51bn tender.

Eskom appoints new SA contractor for Kusile

2015-03-20 15:32

Eskom says it has appointed a new SA contractor to replace Alstom to execute the control and instrumentation works for the Kusile power station.

Alstom to build €61m geothermal plant

2015-02-11 19:00

Alstom will build a geothermal power plant in Indonesia under a €61m deal with a subsidiary of PT Pertamina, says the French industrial giant.

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.


Prasa tender in jeopardy

2015-05-10 08:53

The massive R51m Prasa tender for new passenger carriages is in jeopardy due to local content requirements.

Eskom, Alstom part ways on Kusile

2015-03-20 14:10

Eskom’s aim to bring online its fleet of coal power stations has been dealt a further blow by the termination of its supplier's contract for Kusile power station.

Alstom assets ordered frozen in Brazil

2015-02-04 13:00

A Brazilian court has ordered the freezing of more than $104m in assets of French energy and transportation company Alstom as part of a corruption probe.

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.

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