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News24Wire

'Debt-driven' Eskom not ruling out load shedding for remainder of year

28th November 2018 Weak financial ratios, reduced generation performance and low coal stock levels have again raised the spectre of load shedding for power utility Eskom. Announcing the interim financial results for the six months ended September 30, CEO Phakamani Hadebe warned that although liquidity had improved,... 

Include 'important' nuclear in SA's electricity mix, says Parly committee

28th November 2018 The energy portfolio committee has come out in strong support of including nuclear power in South Africa's future electricity mix. This is in stark contrast to the latest government plan for South Africa's future electricity mix – the draft Integrated Resource Plan (IRP) 2018 – which contains no... 

AA predicts massive drop in petrol price in December

28th November 2018 Motorists can expect a R1.85 reduction per litre in the price of petrol, with diesel coming down by an estimated R1.40, and illuminating paraffin dropping by R1.28, the Automobile Association (AA) predicted on Wednesday. The association was commenting on unaudited month-end fuel price data... 

Department of Energy to review how it costs basic fuel price

28th November 2018 The department of energy has invited public comments on how it calculates the underlying prices of fuel, diesel and illuminating paraffin, known as the Basic Fuel Price (BFP). This is the price of fuel before taxes, transport, and other costs are added.  

Parly committee adopts Eskom inquiry report, recommends top executives testify before Zondo

28th November 2018 Parliament’s portfolio committee on public enterprises has adopted its final report into allegations of State capture at Eskom and Transnet, which recommends that some of power utility's former board chairs and top executives be requested to appear before the ongoing judicial commission of... 

SIU moves to recover R2.2bn in failed Giyani water project

28th November 2018 The Special Investigating Unit (SIU) is seeking to recover R2.2-billion from the tender appointment of LTE Consulting Engineers by state-owned water utility Lepelle Northern Water (LNW) for a failed water project in Giyani, Limpopo. The SIU has instituted a civil claim in the High Court in... 

Ramatlhodi to testify at Zondo commission of inquiry

28th November 2018 Former Mineral Resources Minister Ngoako Ramatlhodi will be the fourth minister who served under former president Jacob Zuma to appear before the Zondo commission of inquiry into state capture on Wednesday. News24 understands Ramatlhodi and his former adviser and spokesperson advocate Mahlodi... 

Durban train delays in the spotlight

28th November 2018 "He didn't even wait for me to explain why I was late. I was just told to pack my things and leave," says Philile Nzimande, who was fired from her job because of Durban Metrorail train delays. Nzimande said she had arrived two hours late after the train from Umlazi "stopped in the middle of... 

Ramaphosa grants Sars inquiry two-week extension for final report

27th November 2018 President Cyril Ramaphosa has granted the Nugent Commission of Inquiry a two-week extension to file its final report on the state of tax administration and governance at the South African Revenue Service (Sars).  The commission, which was established in May and is chaired by retired judge Robert... 

Treasury loses out on more than R1bn in VAT from drought-stricken farmers

27th November 2018 The government has lost out on more than R1-billion in VAT from drought-stricken farmers who were forced to cut production after their irrigation water from the Cape supply dams was radically reduced a year ago. Agri Western Cape CEO Carl Opperman said on Monday this was one of the facts he... 

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