The instructions from Luthuli House would certainly urge that the ANC caucus in Parliament shows restraint on Mkhwebane, while the Union Buildings would certainly prefer her out of the office as soon as yesterday., writes Ralph Mathekga.
Morning clouds. Cool.
Mineral Resources Minister Gwede Mantashe has handed over a 50% shareholding in Arnot mine to retrenched employees, some three years after the mine was closed following Tegeta's successful bid to supply Eskom with coal.
Be aware of the policy environment and political innuendos which could make SA seem unattractive for investors in the coal industry, says the executive head of coal operations at Exxaro Resources.
Exxaro CEO Mxolisi Mgojo wants Eskom to clarify reasons why its contracts were not renewed, despite it having presented a good business case.
Exxaro CEO Mxolisi Mgojo pokes holes in testimony by former Eskom CFO Anoj Singh and head of generation Matshela Koko related to prepayment agreements for coal.
A faction in one of the mining firm’s investor groups is taking legal action, citing misuse of dividends, on the eve of its historic payout.
Mining company Exxaro says it tripled its interim dividends from 90c to R3 for the six months to end-June, despite South Africa's challenging mining environment.
Environmentalists believe they have struck a major blow to the future of coal-powered stations, following their win in the first climate change case in the High Court in Pretoria this week.
Eskom interim CEO Matshela Koko said that the power utility is entitled to make decisions about its assets at coal mines owned by Exxaro and Anglo American.
It must be compulsory for any company doing business with government and state-owned entities to have 60% black ownership, the ANCYL urges.
Acting Eskom CEO Matshela Koko has accused coal miner Exxaro of having “no decency” after shareholders voted to reduce black ownership from 50% to 30%.
Exxaro has said that the construction of a new small coal plant at its Grootegeluk mine in Limpopo would be delayed after it terminated its agreement with Group Five Projects, a subsidiary of Group Five Construction.
Exxaro Resources and Seriti Resources are among groups considering bidding for South32’s South African thermal coal operations, valued at almost R12bn, according to people familiar with the matter.
Minister Lynne Brown’s spokesperson, Colin Cruywagen, has responded to claims Exxaro CEO Mxolisi Mgojo made in his testimony at the Eskom inquiry related to a R1.8bn capital injection Brown refused the company.
Despite a tough economic environment, it is still possible to make considerable returns on the JSE. Werner Erasmus and Brett Birkenstock discuss five winning shares.
The state power utility awarded an 11-year coal supply contract to former Gupta-owned mining firm Tegeta, despite it not meeting coal specification standards.
Exxaro believes its new black economic empowerment restructure will be “appropriate” amid increased uncertainty over the new Mining Charter.
Exxaro CEO Mxolisi Mgojo encourages miners to engage in the transformation of black economic ownership in the country
The National Union of Mineworkers has expressed its dismay at the move by Exxaro to transform itself from a black-owned company to a black-empowered one.
Eskom has found a new ally in EFF spokesperson Mbuyiseni Ndlozi, who backs the power utility in its concern over the coal miner’s new ownership structure.
Mining company Exxaro’s plan to cut its black ownership to about 30% has sparked questions from state-owned electricity producer Eskom.
Cape TownAdcorpBlu - Cape TownR11 000.00 - R11 200.00 Per Month
Cape TownTumaini ConsultingR480 000.00 - R600 000.00 Per Year
Western CapeNDC Personnel & Contractors CC
Apartments / Flats
R 13 500
Apartments / Flats
R 12 000
R 13 950
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.