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.

Downtime for City of Cape Town site as users flock to load shedding schedules

2019-02-11 20:50

The City of Cape Town's website experienced difficulties on Monday with huge volumes of consumers trying to access the load shedding schedule.

Denel suffers over R1.7bn loss, expects more in future

2018-12-05 14:06

Denel expects its revenue to fall to 38% to just R4.9bn in the 2018-19 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.


Public enterprises dept should have more powers over SOEs - Parliamentary report

2019-10-21 15:55

Parliament's Portfolio Committee on Public Enterprises has thrown its weight behind a call to give the ministry more authority over South Africa's state-owned entities, recommending that a bill that would give it more oversight be fast-tracked.

Load shedding: No evidence of sabotage – Eskom spokesperson

2019-02-11 09:28

Eskom on Sunday introduced load shedding for the first time since December. Spokesperson Khulu Phasiwe says this is mainly due to plant breakdowns.

Gordhan highlights beleaguered Bain's history of govt tenders

2018-10-08 21:41

Minister of Public Enterprises Pravin Gordhan says the Department of Public Enterprises and National Treasury awarded a tender of R12.1m to Bain for work to be done at state-owned airlines.

Cabinet welcomes Gordhan's intervention in Eskom wage talks

2018-06-21 13:55

Cabinet welcomed Minister of Public Enterprises Pravin Gordhan’s intervention into the ongoing wage negotiations between Eskom and unions.

SA must do away with Dept of Public Enterprises to address SOE ills - DA

2018-05-22 20:52

The Democratic Alliance has advocated for the privatisation of some functions within state-owned enterprises and the eventual collapse of the Department of Public Enterprises.

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