Premium: OUTA tackles energy regulator on Karpowership’s licences

All these public holidays, lovely as they may be, really do mess with my weekday clock – if something like that exists. You'll please have to forgive my tardiness on getting the newsletter out today. I was convinced, and would have sworn on the good book that it was somehow Wednesday..I attended a press conference this morning hosted by the Organisation Undoing Tax Abuse – OUTA. The National Energy Regulator of South Africa (NERSA) finds itself in their sights. You can read what their review application, filed at the Pretoria High Court on Tuesday, is all about here. When over R200bn over 20 years is on the line for taxpayers, you want decisions being scrutinised very closely..In a nutshell, OUTA wants the regulator's decision to grant power generation licences to Karpowership SA reviewed and cast asunder for failing to pass muster in terms of rationality and transparency. All the information, claims OUTA, wasn't before NERSA (or the public) when making a determination. Also, "significant portions of the licence applications [were] redacted"..___STEADY_PAYWALL___.I don't know about you, but there are very few instances where I find it acceptable to have information purposely hidden from public scrutiny. I don't like that one bit..More for you to read today:.An American Consulting Firm Became a Power Broker, and Then a Pariah, in South Africa. A new judicial inquiry found that corruption at South Africa's tax agency was because of "collusion" between Bain & Company and South Africa's former president.Archegos Founder Bill Hwang, Former CFO Charged With Securities Fraud. Archegos Capital Management founder Bill Hwang and former chief financial officer Patrick Halligan have been indicted on charges of securities fraud, wire fraud and racketeering, federal prosecutors in Manhattan said.Cricket SA vs Graeme Smith: Full text of arbitration award – DOCUMENTS | Politicsweb. Mr Smith's actions were not proved to constitute unfair racial discrimination against Mr Tsolekile.Amazon's Growth Expected to Slow, Dragged by Higher Costs, E-Commerce Slump. The tech giant, which soared from pandemic buying, is facing decelerating sales and cost increases from labor, inflation and supply-chain issues..* For those community members who are interested, the Global Portfolio webinar will be taking place on Tuesday, 3 May at midday. For anyone looking to register, please follow this link: https://attendee.gotowebinar.com/register/3720314562820776973.NB FOR YOUR WALL STREET JOURNAL ACCESS….As a Premium subscriber you are entitled to full membership of wsj.com (normal price $29 a month). Be sure to action your access through the Premium link on the BizNews website. Because of The Wall Street Journal's credential requirements, be sure to create a password which has at least 8 characters and includes at least one letter and one number – NB it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner's website via BizNews Premium at least once a month. A final PS, if you had previously signed up for WSJ you'll need to clear the cookies from your device. Our help desk can assist – support@biznews.com..If you'd like to help sustain our independent voice, why not share the love by making a gift that keeps giving? Click here to access the BizNews Premium subscription signup form, and be sure tick the relevant box. At R100 a month and inclusive of full membership of The Wall Street Journal, it's a mind-expanding gift at an incredibly modest price.

Premium: OUTA tackles energy regulator on Karpowership’s licences

Related Stories

Meet Tshepo Mahloele – Big Capitec shareholder, ABSIP’s “CEO of the Decade” now accused by Holomisa as kingpin of corrupt network

PREMIUM: Making of a great editor – the George Palmer playbook

Premium – BizNews global portfolio: ASML joins – so does Adobe as Bull takes hold again

Alec Hogg: Helen Zille predicts SA choice will be DA or EFF