SOE’s state of play – grim reading from Public Enterprises
Despite increased revenue, Eskom’s subsequent increase of its headcount as well as its debt obligations have put it in a precarious situation.
Department of Public Enterprises
Pennies starting to drop: Eskom auditors raise Molefe, Koko ‘irregularities’
Eskom said auditors have raised concerns about issues relating to Matshela Koko and Brian Molefe, who both ran South Africa’s state-run power utility this year, in their year-end review.
DPE head Lynne Brown challenges Leader of the Opposition on secrecy claim
The DPE raises a protest at a line which appeared in Mmusi Maimane’s opinion piece promising to do everything possible to stop the proposed nuclear deal.
To rent or buy? SAA, Airbus deal still on the table. Deadline 21 Dec.
Airbus is willing to proceed with a government-approved deal to lease five A330 wide-body planes to SAA, even after the state-owned carrier’s chairwoman sought to renegotiate the deal in defiance of the country’s National Treasury.
Chris Yelland: Eskom Crisis – SA already has a Plan. Let’s use it.
Chris Yelland suggests Ramaphosa begins addressing the Eskom Crisis by dusting off the six year old White Paper. There’s no need to reinvent any wheels.
New SAA CEO, new Action Plan: Bezuidenhout’s already guaranteed stardom
Having experienced yet another unsatisfactory and this time potentially terminal experience with SAA’s unmanageable Voyager programme, my perspective of the national carrier is very much half empty right now. But you have to give the new acting CEO Nico Bezuidenhout credit for at least acting like an MBA (even though he admits to not having … Read more
Chris Gilmour: Blue Label takeover bid; PPC’s boardroom battle; Anchor and Gijima
Absa’s Chris Gilmour assesses the surprise takeover offer for Blue Label which has gotten the company’s share price running – justifiably he reckons.
Detailed analysis: SA’s manufacturing sector is at serious risk
It is not news that South Africa’s manufacturing sector has had a very hard time of late. And that it is likely to continue to have a hard time. Endless variables merge together to paint a bleak picture of the reality of the situation, with one of the biggest risks being escalating wages from protracted strike action … Read more
No power, no economy – the future of Eskom, and the privatisation of electricity in SA
One of the things that have really been putting a damper on the South African economy for the last ten or so years is the unreliability of the electricity supply. Small businesses have been hit hard, losing valuable trading days when the supply is tight, and South Africa’s biggest companies – the mining majors – … Read more