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Mail & Guardian
Khulekani Magubane

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Khulekani Magubane

Khulekani Magubane is a senior financial reporter for Fin24. 

Public Enterprises Minister Pravin Gordhan. (David Harrison/M&G)
PRAVIN GORDHAN

Gordhan’s lawyers hit out at Public Protector over ‘rogue unit’ probe

Gordhan asked for and was granted an extension to reply to the allegations. He now has until Friday, May 3, to submit his answers

  • Lameez Omarjee
  • Khulekani Magubane
3 min read
In a note to shareholders, Tiger Brands said no specific damages were being claimed. The first stage of the class action is concerned with liability, and not the cost of damages, it said.
CLASS ACTION LAWSUIT

Tiger Brands receives listeriosis class action summons, vows to fight it

In February, the Johannesburg high court determined that Richard Spoor Attorneys could go ahead with a class action application

  • Khulekani Magubane
1 min read
Former acting Eskom CEO Matshela Koko. (Madelene Cronje/M&G)
ESKOM

Koko slams graft allegations, says his track record speaks for itself

As testimony implicating him in wrongdoing mounts, the former acting Eskom CEO has acted to distance himself

  • Khulekani Magubane
3 min read
The committee drafted a shortlist of 24 candidates last week, from an initial pool of over 300. (Delwyn Verasamy/M&G)
KHANYISILE KWEYAMA

SABC board hopefuls take the hot seat

The committee drafted a shortlist of 24 candidates last week, from an initial pool of over 300

  • Khulekani Magubane
2 min read
Gigaba has maintained that he did not perjure himself when he denied approving the operations of Fireblade Aviation at OR Tambo International Airport.
BLACK FIRST LAND FIRST

Parliament to get update on Fireblade saga

It will be the first time the Department of Home Affairs has briefed Parliament on this matter since Malusi Gigaba resigned in November last year

  • Khulekani Magubane
2 min read
Opposition parties have slammed the department of defence and state-owned military manufacturer Denel after the Special Investigating Unit (SIU) told parliament it had uncovered irregularities in procurements and the awarding of contracts
DENEL

Denel suffers over R1.7bn loss, expects more in future

The state-owned arms company has yet to submit an annual report for the 2017/18 financial year

  • Khulekani Magubane
2 min read
While the report is not accusatory in nature, it recommends that those who are implicated in governance failures at public entities present their versions at the Zondo commission. (Gallo)
BEN NGUBANE

Who’s who in Parly’s report on the Eskom inquiry?

Parliament’s portfolio committee on public enterprises adopted its final report into allegations of state capture at Eskom and Transnet on Wednesday

  • Khulekani Magubane
4 min read
In March, Moody’s downgraded Eskom’s credit ratings from B2 from B1, citing an absence of concrete plans to place its business on a sound financial footing.(Madelene Cronje/M&G)
ANOJ SINGH

Parly committee recommends Eskom, Transnet executives testify before Zondo commission

The report was well over a year in the making and is chiefly based on the evidence presented during the committee’s inquiry last year

  • Khulekani Magubane
4 min read
(Delwyn Verasamy/M&G)
DEPARTMENT OF PUBLIC ENTERPRISES

SAA needs R3.5 billion by March, says interim CFO

SAA has been working closely with National Treasury and the department of public enterprises to steer itself to profitability

  • Khulekani Magubane
2 min read
‘This payout will be fully funded from Momentum’s profits and not from our clients’ premiums,’ the insurer said in a statement released on Tuesday.
HEALTH INSURANCE

Momentum changes tune: Pays out death benefit to widow

Momentum has created a policy to ‘pay out an amount equal to the death benefit in the case of violent crime, regardless of previous medical history’

  • Khulekani Magubane
2 min read
Broadcaster bodies say claims that a recent skills audit is unrelated to retrenchments are ‘irrational’
BONGUMUSA MAKHATHINI

We need R3bn to avoid collapse, SABC tells Scopa

Board chair Bongumusa Makhathini told Scopa the state broadcaster needs a R3-billion government guarantee to avoid looming collapse in March

  • Khulekani Magubane
1 min read
The United Nations special rapporteur on data and privacy protection says South Africa is dragging its feet behind other countries when it comes to implementing legislation that is supposed to safeguard the personal information of citizens.
BEMAWU

We soon won’t be able to pay salaries at SABC, Parliament hears

An SABC board member told Parliament that by February, the public broadcaster would not be able to pay full salaries

  • Khulekani Magubane
2 min read
Mavuso said the department was working on a memorandum and policy to guide such operations, as applications for similar terminals were in the works for terminals in Cape Town and George. (Fireblade Aviation)
AIRPORTS COMPANY SOUTH AFRICA

No policies, MOU in place for Fireblade, Parliament hears

The minister says he will consult with Cabinet colleagues on how best to formalise the arrangement and create a policy

  • Khulekani Magubane
2 min read
Gigaba has maintained that he did not perjure himself when he denied approving the operations of Fireblade Aviation at OR Tambo International Airport.
BLACK FIRST LAND FIRST

BLF threatens bribery charges against Oppenheimers

​Black First Land First announced its intention on Tuesday to lodge fraud, bribery and corruption complaints with police against the Oppenheimers

  • Khulekani Magubane
2 min read
Nedbank did not allude to KPMG’s reported links to various governance scandals.
AUDITING

‘We are disappointed, but expect others to follow’ — KPMG on Nedbank

Nedbank announced on Monday that Ernst & Young and Deloitte & Touche would take over its external auditing

  • Khulekani Magubane
2 min read