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Eskom reduced the intensity of rotating power cuts on Friday – the country’s ninth straight day of scheduled blackouts – after imports from Mozambique were partially restored.
Steinhoff’s former chief financial officer is working with authorities as they investigate questionable transactions that brought the global retailer to the brink of collapse.
President Cyril Ramaphosa has intensified government’s campaign against corruption and state capture with a proclamation establishing an Investigating Directorate in the Office of the National Director of Public Prosecutions.
Zimbabwe plans to raise $350m from the sale of stakes in five state-owned companies, Finance Minister Mthuli Ncube said.
Sasfin Financial Director Angela Pillay says the growth is primarily due to an improved credit loss ratio and a normalisation of the tax expenses.
The Hawks are also seeking mutual legal assistance and has engaged several regulators, such as the Reserve Bank and Financial Sector Conduct Authority.
In the past 24 hours, South Africa’s President Cyril Ramaphosa had to apologise for the poor state of the country’s infrastructure before having first-hand experience of just how bad it is.
South Africa’s Energy Minister Jeff Radebe removed Luvo Makasi as chairman of the nation’s Central Energy Fund, citing “serious allegations.”
The Minister of Public Enterprises, Pravin Gordhan, and officials from the Ministry of Public Enterprises yesterday met the Eskom board and management about the financial and restructuring issues confronting the utility.
Senior managers at Dimension Data are considering a buyout of some of the company’s operations from its owner, Nippon Telegraph & Telephone, according to people familiar with the matter.