It is ironic that coal fired power plants contribute to climate change which could result in the malfunctioning of the power plants, writes Melanie Verwoerd.
Morning clouds. Mild.
Independent auditor and director of Ngubane and Company, Sicelo Vilakati, wrote in his audit report that Alexkor's financial conditions indicated “material uncertainties” which cast doubt on its ability to continue as a going concern.
The state-owned diamond company will run out of money by October.
Alexkor interim chairperson Tshediso Matona has said the board will be the first to act if there is any wrongdoing discovered at the state-owned enterprise.
There have been changes at Eskom, Transnet and other SOEs, but not enough has been done to reduce the risk they pose to the economy, it emerged at ratings agency Moody's sub-Saharan Africa conference.
The Department of Public Enterprises is investigating whether state-owned mining company Alexkor, which had links with the infamous Gupta family, complies with environmental legislation, according to Minister Pravin Gordhan.
Public Enterprises Minister Pravin Gordhan will announce new board appointments for state-owned enterprises in his portfolio.
State-owned diamond mining company Alexkor says it has has not given up on plans to venture into coal mining, despite reporting a R95.8m operating loss.
Public Enterprises Minister Lynne Brown says most chief executives of key state-owned enterprises have not received performance bonuses.
The standing committee on public accounts (Scopa) says the board of the National Student Financial Aid Scheme (NSFAS) has failed South Africa, rejected a report by South African Express and raised concerns about Alexkor.
Alexkor's financial position is not at its best, and the state-owned enterprise needs help to avoid affecting its going concern status, members of Parliament have heard.
Irregular expenditure at audited state-owned enterprises increased five-fold to R27bn, according to the Auditor General’s report for the 2017/18 financial year.
Minister of Public Enterprises Pravin Gordhan has told Parliament that nearly 10% of Alexkor's R225m expenditure between 2012 and 2017 went towards paying directors.
Cabinet has approved a recommendation by Eskom's board to appoint Phakamani Hadebe as permanent CEO of Eskom.
The diamond-rich desert area of the Richtersveld, on South Africa's north-west coast, seems unable to escape the clutches of monopolisation.
There are no plans to sell portions of armaments firm Denel, state diamond mine Alexkor or the state forestry company, says Public Enterprises Minister Lynne Brown.
A metallurgical plant and diamond operations have created 200 jobs for the Richtersveld and Port Nolloth communities, says Public Enterprises Minister Lynne Brown.
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