for subscribers

5 business stories you should read

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

The Guptas, Eskom and tolls make it into the list of the leading business stories on Fin24.

Eskom's Koko in firing line

Former acting CEO Matshela Koko is likely to face strict action from Eskom's board, reports Fin24's Yolandi Groenewald.

Public Enterprises Minister Lynne Brown’s intervention will also be critical and Fin24 understands she is likely to recommend that strict action be taken against Koko.

Koko was placed on special leave in May pending an investigation by Cliffe Dekker Hofmeyr after concerns were raised about an apparent conflict of interest.

Eskom awarded tenders worth R1bn to the company Impulse International, but it emerged that Koko’s stepdaughter, Koketso Choma, was a director in Impulse.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.33
(-0.06)
ZAR/GBP
21.08
(-0.04)
ZAR/EUR
19.33
(-0.03)
ZAR/AUD
11.90
(-0.03)
ZAR/JPY
0.16
(-1.15)
Gold
1949.72
(+0.03)
Silver
26.74
(+0.09)
Platinum
928.80
(+0.44)
Brent Crude
43.52
(-0.32)
Palladium
2356.01
(+0.63)
All Share
54673.65
(-0.66)
Top 40
50399.16
(-0.59)
Financial 15
9841.32
(-2.14)
Industrial 25
72558.00
(-1.08)
Resource 10
55438.10
(+0.58)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1300 votes
It depends on how the funds are used.
73% - 8623 votes
No. We should have gotten the loan elsewhere.
16% - 1898 votes
Vote