As the alleged wrongdoing at Bishops Diocesan College shows, equating wealth with virtue is a bad idea, writes Helena Wasserman.
High level clouds. Mild.
The trade union federation wants Eskom's senior management, plus the board, to be dismissed after stage two load shedding was announced on Wednesday.
Eskom’s net loss after tax went up to R21bn from R2.3bn in the previous year.
NUM is standing its ground against unbundling, and says a recent meeting with Eskom management over its turnaround strategy was a plan to "co-opt" the union.
A leaked Eskom vision and strategy document, apparently prepared by the Boston Consulting Group for Eskom, has revealed the next steps of a long-awaited restructuring and turnaround plan for the embattled utility.
The Public Service Association said in a statement that while the appointment of Jabu Mabuza as acting CEO of Eskom was not illegal, it shows a lack of good cooperative governance at the already beleaguered power utility.
Having Eskom chair Jabu Mabuza also serve as the power utility's chief executive falls short of best practice guidelines outlined in Judge Mervyn King's reports on corporate governance, the CEO of the Institute of Directors of Southern Africa Parmi Natesan has warned.
The Economic Freedom Fighters have announced in a statement that it would write to the Minister of Public Enterprises Pravin Gordhan asking that he urgently explain and justify Eskom chair Jabu Mabuza's appointment as interim CEO of the power utility.
A proposal by the biggest owner of Eskom's debt to convert its R90bn holding into equity has become a rescue option as South Africa seeks to restructure the troubled power utility.
On Sunday, for the first time, Kusile Unit 3 produced power, according to an internal memo to Eskom staff.
As the country faced a severely constrained electricity grid last month, Eskom COO wrote staff a memo, appealing to them to change course urgently in a bid to "save our organisation".
Eskom is investigating why a conveyor belt carrying coal from the Grootgeluk Coal Mine to Medupi Power Station in Limpopo has failed, a spokesperson confirmed.
Eskom vows to avoid load shedding in the coming summer months, as it announces it has gone through 164 days without implementing power cuts
With the hunt on for a new CEO for Eskom, experts have outlined seven key attributes they believe the new head will need in order to turn the beleaguered state-owned entity around.
BUSA is 'underwhelmed' by government's choice in appointing Freeman Nomvalo to lead Eskom's turnaround, and has expressed concern that Nomvalo does not have a track record in restructuring.
Eskom on Tuesday posted a R20.7bn loss for the 2018/19 financial year, this is 800% more than the R2.3bn loss reported in the previous financial year.
The appointment of Jabu Mabuza as interim executive chair for Eskom and acting CEO of Eskom Holdings was not discussed at the ANC NEC meeting over the weekend, the ruling party's deputy secretary general Jessie Duarte has said.
Eskom's debt-ridden power utility, reported a record annual loss of R20.7bn ($1.46 billion), but its dollar bonds rallied on optimism that it is starting to stem the bleeding.
Eskom chair Jabu Mabuza and UK health consultant Fatai Sanusi have been appointed as the new independent non-executive directors of MultiChoice, the board announced on Monday afternoon.
Business Unity South Africa has promised to support President Cyril Ramaphosa in efforts to stabilise electricity supply in the country and secure Eskom's sustainability, the Presidency has said.
Eskom Chairperson Jabu Mabuza says construction on power plants Medupi and Kusile will go ahead as the cost of halting the projects will not benefit the economy.
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Apartments / Flats
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