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Eskom confident of raising R72bn despite qualified audit  

By: Terence Creamer     23rd July 2018 Financially stressed electricity producer Eskom expressed confidence on Monday that it would be able raise the R72-billion it required for the 2019 financial year, despite having received a qualified audit opinion for the 2018 financial year, reporting a R2.3-billion loss and nearly 20-billion in... 

Reinstatement of Eskom system reports seen as way to rebuild trust through transparency

By: Terence Creamer     7th June 2018 State-owned electricity producer Eskom has re-launched its weekly system status report as part of broader efforts to rebuild trust with South African citizens, who remain skeptical about the utility’s ability to keep the lights on. The service, which is now available on Eskom’s website, was... 

Coal ‘not like buying bread’, Hadebe says as Eskom reverses policy on cost-plus mines  

By: Terence Creamer     3rd May 2018 In a major policy reversal, State-owned electricity producer Eskom is budgeting to invest in the sustenance of mines that supply coal to the utility on a cost-plus basis. During Brian Molefe’s controversial tenure as Eskom CEO, the utility became hostile to the cost-plus model, which Molefe... 

Solidarity gives Brian Molefe Friday deadline to pay back the money

By: African News Agency      18th April 2018 Trade union Solidarity has given former Eskom chief executive Brian Molefe until Friday 11am to pay back the money he unlawfully received from the power utility as part of the R30-million pension payout granted to him. On Tuesday, Molefe lost his court bid to appeal a January high court judgement... 

Molefe loses court bid to appeal pay back pension ruling

By: News24Wire      17th April 2018 The North Gauteng High Court on Tuesday dismissed an application by former Eskom CEO Brian Molefe for leave to appeal a ruling that he pay back the part of his pension payout he already received. Judge Elias Matojane said based on the submission presented to the court "we are of the view that... 

Criminal charges laid against Molefe over R30m pension payout

By: African News Agency      6th February 2018 Trade union Solidarity on Tuesday laid criminal charges against embattled former Eskom chief executive Brian Molefe and former Eskom board chairperson Ben Ngubane over the R30-million pension awarded to Molefe when he left the struggling state-owned power utility. “The charges focus specifically... 

Former Transport Minister details undue pressure from Tony Gupta for rail contract

By: African News Agency      31st January 2018 Deputy Public Enterprises Minister Ben Martins on Wednesday told the parliamentary inquiry into Eskom that Tony Gupta threatened court action when he failed to subvert the tender process for new trains for the Passenger Rail Agency of South Africa (Prasa). Martins conceded that he interacted with... 

Former Eskom boss Brian Molefe plans to appeal court order to repay pension benefits

By: African News Agency      31st January 2018 The former boss of state power utility Eskom, Brian Molefe, is seeking leave to appeal a high court order compelling him to repay a pension payout it said he was not entitled to.  

Eskom cannot commit to nuclear expansion – acting CFO  

By: Reuters     30th January 2018 South Africa's power utility Eskom cannot afford a nuclear power station expansion, acting Eskom chief financial officer Calib Cassim said on Tuesday during the release of its financial results. South Africa's government has said it will push ahead with its nuclear expansion plan but will now do... 

Deputy minister to appear before Eskom inquiry next week

By: African News Agency      26th January 2018 Deputy Public Enterprises Minister Ben Martins will appear before the parliamentary inquiry into South Africa's power utility Eskom when it resumes next week. "Next week the inquiry will continue, the committee will receive evidence from ... Mr Ben Martins and former Prasa (Passenger Rail Agency... 

Brian Molefe a content man just wanting to serve the nation

By: African News Agency      25th January 2018 Former Eskom CEO Brian Molefe is a content man who just wants to serve the nation, his lawyer Barry Farber said on Thursday, speaking after the damning judgment delivered by the High Court in Pretoria. Journalists asked Farber whether his client was prepared to walk away from the Eskom wrangle,... 

Brian Molefe wasn't entitled to R30 million Eskom payout – High Court 

By: African News Agency      25th January 2018 The High Court in Pretoria on Thursday, ruled that embattled former Eskom chief executive officer (CEO) Brian Molefe was not entitled to any pension benefits from the State-owned power utility, and must pay back the money he has since received. "We came to the conclusion that the reinstatement of... 

Molefe must pay back pension millions, court orders

By: News24Wire      25th January 2018 A court ordered Brian Molefe on Thursday to pay back all the pension pay-outs made to him. A full bench of judges found against Molefe and set aside the pension agreement. The former Eskom CEO was also ordered to pay costs. 

Industry confident Eskom board changes will help save utility

By: Megan van Wyngaardt     22nd January 2018 The appointment of a new Eskom board with “credibility, business acumen and experience” has given South African businesses hope that the embattled State-owned entity (SOE) can be salvaged, with a number of organisations lauding Deputy President Cyril Ramaphosa for taking a step in the right... 

Eskom administrator tells inquiry he insisted Brown be informed of Molefe's retirement package

By: African News Agency      5th December 2017 Eskom administrator Anton Minnaar on Tuesday told the parliamentary inquiry into Eskom that he insisted Public Enterprises Minister Lynne Brown be informed of the plans to grant former CEO Brian Molefe early retirement shortly after he left the company. "I knew there is risk in this whole thing,... 

Lynne Brown says she will not resign

By: African News Agency      30th November 2017 Public Enterprises Minister Lynne Brown on Thursday dismissed calls for her resignation, saying that South African State-owned companies were in a better position since she took over in 2014. Brown, who twice missed a session to answer questions in the National Assembly - once because she was... 

Molefe's R30m pension was unlawful, must pay back – DA

By: African News Agency      29th November 2017 South Africa's official opposition, the Democratic Alliance (DA) on Wednesday told the High Court in Pretoria that the R30.1-million pension granted to former Eskom CEO Brian Molefe was unlawful. "He told the whole nation and the minister [Public Enterprises ... Minister Lynne Brown] that he was... 

Pretoria court to hear application for Molefe to reimburse Eskom

By: African News Agency      29th November 2017 Former Eskom CEO Brian Molefe’s court action to repay his R30.1-million pension, has been set down to be heard in Pretoria’s North Gauteng High Court for three days, starting on Wednesday. Molefe was taken to court by Solidarity, the Democratic Alliance and the Economic Freedom Fighters, which... 

Hawks probing Brian Molefe's R30m pension payout claims

By: News24Wire      24th November 2017 Trade Union Solidarity announced on Thursday that it would launch legal proceedings to force former Eskom CEO Brian Molefe to repay the "unlawful" R30-million pension payout he received. "Unlawful actions must bear consequences. An apology and even pay back [from Molefe], is not enough,"... 

Brown blocked Koko’s suspension, witness tells Eskom probe

By: African News Agency      14th November 2017 Public Enterprises Minister Lynne Brown took instructions from the Gupta brothers and ordered the Eskom board not to suspend Matshela Koko as CEO of the power utility, a witness on Tuesday told the parliamentary inquiry into the company. Khulani Qoma, the now suspended spokesperson for the Eskom... 

Deputy Minister says he did not attend ‘tea party’ with Gupta brother

By: African News Agency      9th November 2017 Deputy Public Enterprises Minister Ben Martins has rubbished claims by power utility Eskom’s suspended head of legal Suzanne Daniels that he had attended a meeting with Ajay Gupta, Duduzane Zuma and Salim Essa in Johannesburg in Melrose Arch this year. “As the head of Eskom’s legal department, Ms... 

Eskom gave Tegeta prepayment on day Optimum purchase price was due, inquiry hears

By: African News Agency      1st November 2017 A business rescue practitioner on Wednesday told the parliamentary inquiry into Eskom that the power utility agreed to pay Tegeta almost R600-million in advance for coal on the same day it became clear that the Gupta-affiliated company was short of that same sum to purchase the Optimum coal mine.... 

Molefe’s pension trial date set for three days

By: News24Wire      24th October 2017 Former Eskom CEO Brian Molefe’s court date has been set to be heard in Pretoria’s North Gauteng High Court for three days at the end of November. That is according to the Department of Public Enterprises spokesperson Colin Cruywagen on Tuesday. 

On third day of Eskom probe, Parly names new chair for public enterprises committee

By: African News Agency      20th October 2017 The African National Congress (ANC) in Parliament on Friday announced the appointment of a new chairperson for the legislature’s public enterprises committee, on the third day of its probe into allegations of widespread impropriety at South Africa’s national power utility, Eskom. It said Lungi... 

Brian Molefe’s young wife boosted his pension payout

By: News24Wire      20th October 2017 Former Eskom CEO Brian Molefe's marriage to Arethur Moagi in December 2016 boosted his pension payout, according to Sibusiso Luthuli, CEO of the Eskom Pension and Provident Fund (EPPF). Luthuli was briefing Parliament’s public enterprises committee as part of its state capture inquiry. 

‘Absolutely no need' for nuclear, Dames says in State-capture testimony

By: Kim Cloete     18th October 2017 Former Eskom CEO Brian Dames has revealed that he faced a breakdown in communication between the board and management, as well as death threats during his time at the state utility.  He has also told Parliament’s Portfolio Committee on Public Enterprises that there is "absolutely no need" for... 

Key witnesses in State capture inquiry will need to face the music, warns parliamentary committee chair

By: Kim Cloete     17th October 2017 Parliament’s Portfolio Committee on Public Enterprises has started its keenly awaited inquiry into allegations of State capture, with a warning that key witnesses will not be allowed to shy away from appearing before Parliament. “We have a right to subpoena a witness if we think that witness has... 

Black Business Council says Eskom CEO musical chairs doesn’t inspire confidence 

By: African News Agency      9th October 2017 The Black Business Council (BBC) said on Monday that it was concerned by the sudden change of leadership at State-owned power utility Eskom, saying that government must give the enterprise some space and not meddle in its affairs. This comes after Eskom last week appointed its chief information... 

Eskom CFO Anoj Singh officially suspended

By: News24Wire      29th September 2017 Eskom has suspended Anoj Singh, chief financial officer, pending a disciplinary hearing, the power utility said in a statement on Friday. Singh was placed on special leave at the end of July by Eskom's board of directors until an investigation into his conduct had been concluded. His exit... 

Concern raised over lack of support for coal roadmap 

By: David Oliveira     25th August 2017 Since the release in July 2013 of the South African Coal Roadmap (SACRM), there has been no impetus by government or coal miners to implement any of its recommendations. The SACRM was developed with a view to identifying possible scenarios that may impact on the coal industry, particularly in... 

Gordhan calls for urgency on State capture probe as Guptas dump assets

By: News24Wire      23rd August 2017 Pravin Gordhan, former finance minister and current African National Congress MP, asked Parliament on Wednesday to look into the disposal of assets by the Gupta family as part of its inquest into State capture. Although Gordhan did not mention any names, it can be assumed that he was referring to... 

Guptas sell Tegeta to Swiss owner

By: News24Wire      23rd August 2017 Gupta-owned Oakbay Investments has sold Tegeta Exploration and Resources to Swiss-based Charles King SA for R2.97-billion, it announced on Wednesday. This is the second sale announced by the Guptas this week. They announced on Monday that Oakbay would sell its media assets, broadcaster ANN7 and... 

Eskom CFO Anoj Singh placed on special leave

By: African News Agency      28th July 2017 Eskom’s chief financial officer Anoj Singh was placed on special leave on Thursday, amid mounting allegations of improper financial dealings by the power utility with companies in the Gupta business empire, “The Board of Directors of Eskom has taken a decision to grant Chief Financial Officer, Mr... 

Public Protector to investigate Brian Molefe over R30m ‘golden handshake’

By: African News Agency      24th July 2017 Public Protector Advocate Busisiwe Mkhwebane has agreed to investigate disgraced former Eskom CEO Brian Molefe, for the R30 million “golden handshake” he received was awarded by the beleaguered power utility. Democratic Alliance (DA) MP Natasha Mazzone on Monday said her party requested the... 

State capture casts long shadow over Eskom’s results  

By: Terence Creamer     19th July 2017 South Africa’s worst kept corporate secret was confirmed on Wednesday, when Eskom reported a sharp fall in after-tax profits to R888-million in 2017, from over R5-billion in the previous financial year. However, the results were overshadowed by serious allegations of corruption and... 

Labour Court postpones Molefe hearing pending outcome of high court case

By: African News Agency      4th July 2017 The Labour Court on Tuesday postponed the hearing of Brian Molefe’s challenge to his dismissal as Eskom CEO, pending the outcome of the high court application by the opposition for his re-appointment to be ruled invalid and set aside. The Labour Court in its ruling rejected Molefe’s contention... 

If Koko returns, it won’t be as acting CEO, Brown avers, as she unveils interim board

By: Terence Creamer     23rd June 2017 Public Enterprises Minister Lynne Brown has called on the new interim leadership of embattled power utility Eskom to give priority attention to addressing the management of contracts, conflicts of interest and the quality of coal being supplied to its power stations. Speaking following the Eskom... 

Brown beefs up Eskom leadership with new board appointments

By: African News Agency      23rd June 2017   Public Enterprises Minister, Lynne Brown, on Friday announced the appointment of four new interim non-executive directors of Eskom in a bid to beef up the board of the embattled power utility. 

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