Cranes sit beside the Medupi power station in Lephalale, as South African President Jacob Zuma arrives to open South Africa's first new power plant in 20 years, August 30, 2015. Construction on the six-unit, 4,764 MW plant was started in 2007 but the first 794 megawatts (MW) only came online this week after delays due to strikes, technical issues and cost overruns. REUTERS/Sydney Sheshibedi
Leadership
Hitachi fingered by SEC for bribing to get “rotten to core” Medupi contract
US SEC says Japanese company Hitachi paid bribes to the ruling ANC - and presumably those who "facilitated" its landing of the lucrative Medupi Power Station contract.
You have to wonder where it will all end. The Arms Deal. A $10m FIFA World Cup bribe. Nkandla. The $100bn nuclear fleet project. And now confirmation from the US Securities & Exchange Commission of something long whispered but until now never proven: Japanese company Hitachi paid bribes to the ruling ANC – and presumably those who "facilitated" its landing of the lucrative Medupi Power Station contract. The timing is opportune, encouraging those who might be wavering to join tomorrow's Anti-Corruption March to the Union Buildings. A fish rots from the head. And it's smelling really bad right now in the beloved country. – Alec Hogg
Cranes sit beside the Medupi power station in Lephalale, South Africa's first new power plant in 20 years, August 30, 2015. Construction on the six-unit, 4,764 MW plant was started in 2007 but the first 794 megawatts (MW) only came online in August after delays due to strikes, technical issues and cost overruns. REUTERS/Sydney Sheshibedi
by Naledi Shange, News24