Alexkor's reliance on diamond sales could seal its fate, auditor warns

2019-11-26 05:00

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.

Idle staff spend their days watching TV while Alexkor is in crisis, Parliament hears

2019-09-18 14:30

The state-owned diamond company will run out of money by October.

Alexkor board will be the first to act against corruption – Matona

2018-11-07 14:19

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.

Eskom, other SOEs still pose risk to SA - Moody's panel

2018-09-13 18:00

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.

DPE probes Gupta-linked Alexkor for environmental law compliance

2018-06-04 19:53

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.

Pravin Gordhan to announce board changes to SOEs

2018-05-24 06:07

Public Enterprises Minister Pravin Gordhan will announce new board appointments for state-owned enterprises in his portfolio.

State miner still eyes coal despite operating loss

2016-04-20 12:14

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.

Brown: Most parastatal CEOs didn't get bonuses

2015-01-04 20:15

Public Enterprises Minister Lynne Brown says most chief executives of key state-owned enterprises have not received performance bonuses.


Scopa reads NSFAS, SA Express and Alexkor the riot act over late financial statements

2019-10-30 17:15

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 still in the black - but no sustainable income, MPs hear

2018-11-07 19:02

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 swells to over R27bn

2018-10-10 12:04

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.

A tenth of Alexkor's expenditure went to directors - Gordhan

2018-07-04 13:42

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.

Gordhan appoints Phakamani Hadebe Eskom CEO in sweeping SOE board changes

2018-05-24 09:28

Cabinet has approved a recommendation by Eskom's board to appoint Phakamani Hadebe as permanent CEO of Eskom.

#GuptaLeaks: A tale of two captures: Alexkor, Gupta Inc and 'WMC'

2017-12-13 07:44

The diamond-rich desert area of the Richtersveld, on South Africa's north-west coast, seems unable to escape the clutches of monopolisation.

No plans to sell off bits of Denel, Alexkor

2015-03-20 10:48

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.

State miner creates 200 jobs - minister

2014-09-23 07:31

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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