Transnet disbands scandal-plagued acquisition and disposal committee

2018-07-20 16:09

The state-owned enterprise's new chair Popo Molefe wrote in a letter to staff that company directors should no longer be involved in acquisition decisions.

Nene opposes bid to force him to suspend PIC CEO Matjila

2018-07-17 15:35

The finance minister is opposing the UDM's demand to immediately suspend the head of SA’s biggest money manager, as his department is already probing allegations of governance breaches at the PIC.

SAA vows to seek equity partner immediately amid funding crunch

2018-07-10 12:58

The airline's CEO has written in a letter to trade union Solidarity that funding pressures dictate that SAA start looking for a strategic equity partner immediately.

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.

Radical economic transformation of State only way to eradicate inequality

2018-06-26 08:55

The surest way to ameliorate inequality is radical economic transformation – if by that one means that the three levels of government, entire bureaucracy and state-owned companies is radically transformed, writes Max du Preez.

Transnet bosses liable for rail deal losses, probe concludes

2018-06-21 16:05

Top officials of Transnet should be liable for losses suffered from allegedly irregular and unlawful contracts when it agreed to buy 1 064 locomotives, an investigation concluded.

Why Transnet board committee's Iqbal Sharma must be prosecuted - report

2018-06-19 12:51

Iqbal Sharma, chairperson of the Transnet board's acquisitions and disposals committee had a conflict of interest in the tender to build 1 064 locomotives, according to a report by MNS Attorneys.

Eskom to activate contingency measures after strike threat

2018-06-12 09:24

Eskom has said that while it sympathises with workers who will not get salary increases, they are not allowed to participate in strikes.

SAA CEO: It's time to make some hard decisions

2018-06-04 07:22

South African Airways has reached the point where some hard decisions have to be made, CEO Vuyani Jarana has told Fin24.

PIC bill will curb CEO’s power

2018-06-03 06:07

The Public Investment Corporation Amendment Bill may make the chief executive position, currently occupied by Dan Matjila, less influential by decentralising its powers – and hopefully attract investors.


SOEs will keep bleeding unless national interest comes first - Gordhan

2018-07-19 17:11

The process of 'recapturing' SOEs is well underway - but all involved must work together or they will continue to bleed, says Public Enterprise Minister Pravin Gordhan.

PIC legal head quits following VBS testimony

2018-07-13 17:37

The Public Investment Corporation says its executive head for legal counsel, governance and compliance has resigned with immediate effect.

Eskom welcomes apology and R902m from McKinsey

2018-07-09 19:26

Eskom has welcomed McKinsey's apology to South Africans and confirmed it received R902m from the global consultancy firm.

IDT trustees face off with Nxesi over CEO return

2018-07-01 06:02

The Independent Development Trust board of trustees is at loggerheads with Public Works Minister Thulas Nxesi over the return of Coceko Pakade as CEO from an eight-month suspension.

SABC appoints new Group CEO and CFO

2018-06-24 09:10

National broadcaster the SABC has appointed Madoda Mxakwe as its new Group Chief Executive Officer and Yolande van Biljon as the new Chief Financial Officer.

Saica to start disciplinary proceedings against former Eskom CFO Anoj Singh

2018-06-19 13:06

Following a period of investigation, the South African Institute of Chartered Accountants has decided to issue charges of misconduct against the chartered accountant and former Eskom CFO Anoj Singh.

Denel's new board places CFO on special leave

2018-06-18 15:04

Arms manufacturer Denel has placed its group chief financial officer Odwa Mhlwana on special leave pending a disciplinary process into allegations of misconduct against him.

SAA at the mercy of market sentiment – CEO

2018-06-07 17:21

SAA needs funding if its turnaround strategy is to work, Parliament has heard.

Hellish week for PIC's Dan Matjila

2018-06-03 06:07

Public Investment Corporation CEO Dan Matjila is likely facing a week from hell with the United Democratic Movement headed to court to force his suspension and Parliament gazetting a bill that decentralises his power.

NPA files lawsuit over McKinsey's R1bn Eskom fee

2018-06-01 16:52

Prosecutors have filed a lawsuit aimed at recouping R1bn in consultancy fees they say were unlawfully paid to McKinsey by the state power utility.

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