The president reportedly presented the name of Brian Molefe as the new finance minister but the ANC’s top leaders rejected the president’s choice.
Molefe was sworn in as a member of Parliament last week amid heavy criticism.
"We have entered the era of representation in the movies. Storytelling that speaks to the diverse experiences of people"
Despite being an able civil servant on paper, the former Eskom boss is seen as compromised.
The decision to give Brian Molefe, a seat in the country’s parliament comes with the potential to cause great economic pain for South Africa.
Molefe is due to be sworn in as Member of Parliament this week, amidst speculation that a Cabinet reshuffle is imminent.
Molefe attracted controversy when he was implicated in the public protector’s State of Capture report for links to the Gupta family.
Koko has worked at the state power utility since 1996 and replaces Brian Molefe.
The utility’s heir apparent has also been tainted by Gupta deals — and might not be up to the job.
A closer look into the latest financial numbers of SA’s state power utility suggest that it may be in a more vulnerable position than appreciated.
Law experts say chief executives under fire must weigh up what is in the company’s best interests.
"Suffice to say, if they do not, the EFF will make sure that Parliament dissolves them as soon as possible," said Mbuyiseni Ndlozi.
League president Collen Maine said because the document was ‘very thick’ they were only concerned with the remedial action recommended by Madonsela.
The ruling party said that the report is welcome, but neglected to admit to any wrongdoing.
Eskom CEO Brian Molefe who was implicated in the state capture report, says the public protector did not give him an opportunity to respond.
The power utility’s contract with the Gupta-owned Tegeta company is at the centre of a spat that has heightened factionalism in the ANC.
Responding to questions in Parliament, the Eskom CEO denied defending the Guptas, saying he is ‘legally bound’ to continue doing business with Tegeta.
Eskom has been congratulated for alleviating load-shedding, but demand for electricity has dropped dramatically since the start of the year.
The new top leadership at Eskom is experienced, but doubts remain about several controversial appointments.
The new top leadership at Eskom is experienced, but doubts remain about several controversial appointments.
A storm threatens at the state company over tender-free CCTV projects with Neotel worth R835-million.
The acting chief executive plans to find 3000MW of additional capacity by the end of the year to minimise the need for load shedding.
Transnet mulls construction an export facility claiming the Richards Bay Coal Terminal’s shareholders limit access for small black-owned producers.
Logistics group Transnet plans to issue a foreign currency bond of at least $500-million this financial year to help fund its expansion programme.
Although it has been described as ‘conservative’, Transnet’s mooted infrastructure upgrade will create jobs, increase exports and meet local demands.
State transport utility Transnet has appeared before Parliament’s committee on public accounts and revealed irregular spending amounting to billions.
Transnet’s chief executive explains his ideas for oiling the parastatal’s wheels.
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/ 11 January 2012
Transnet has launched its new mutli-product pipeline which will be able to transport petrol, diesel, jet fuel and gas from Durban to Heidelberg.
Promotion of Access to Information (Paia) application unlocks Richards Bay riddle.
Transnet said it was open to working with private companies to accelerate its expansion plan but would be cautious about any deals it signs.
The process surrounding top parastatal jobs fails scrutiny. We unpack the Transnet appointments.