Like unfinished flyovers in Cape Town, global climate finance and domestic demand often don’t meet up
If a bidding company’s financial relationship has the potential to favour it in the award of a tender, it should not be bidding in the first place.
Former environment minister Valli Moosa has been appointed as the independent non-executive chairperson of Anglo American Platinum.
Staff question the reasons for a second office move in less than two years and stay put.
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/ 18 November 2011
India’s refusal to commit to emission cuts has raised fears of a conference dead-end.
Samwu’s plans to down tools days before the election is ‘in poor taste’, says the ANC.
The ANC’s investment arm Chancellor House will receive R50-million over eight years in profits from Eskom’s Medupi and Kusile Power Stations.
Limpopo residents on Tuesday filed a complaint with the World Bank about the $3,75bn loan sought by Eskom to help finance the Medudi power plant.
Cosatu expressed concern after the Public Protector found that former Eskom chairperson Valli Moosa had acted improperly when awarding a contract.
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/ 15 September 2009
Ordinary citizens need to make themselves heard to force the world to commit to a binding climate change treaty at the end of the year
ANC heavyweight Valli Moosa has spun through the revolving door, sharing in an Eskom outsourcing contract worth hundreds of millions of rands.
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/ 20 February 2009
The M&G has been vindicated in its findings about a multibillion-rand Eskom tender involving former minister Valli Moosa, reports Sam Sole.
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/ 18 February 2009
Valli Moosa, former chairperson of the Eskom board, failed to manage a conflict of interest in the awarding of a contract, the public protector said.
Eskom’s top managers will forgo much of their annual bonuses this year after a troubled few months for the state-owned power utility.
The question of whether the government or the public should finance Eskom dominated the first day of hearings on Friday on the utility’s proposed 53% tariff increase. Eskom’s non-executive chairperson Valli Moosa opened the debate at the National Energy Regulator of South Africa public hearings, saying fiscal injections from government were needed.
The government and Eskom were criticised for the present energy crisis at Friday’s National Energy Regulator of South Africa (Nersa) hearings into the power utility’s request for a proposed 53% tariff increase. Eskom chairperson Valli Moosa and CEO Jacob Maroga said the increase was needed as the system was tight and the reserve margin was very low.
Uncontrollable and unpredictable fuel and capital costs were key principals in the proposed 53% electricity tariff increase, Eskom chief executive Jacob Maroga said on Friday. ”The volatility that we see we cannot absorb as a company,” Maroga said at the National Energy Regulator of South Africa’s public hearings in Pretoria.
A national task team to urgently achieve the reductions required to reduce load-shedding and to achieve targeted power savings has been established, power utility Eskom said on Friday. This was done during Friday’s briefing set up by the government to help manage the energy emergency.
Bedrooms (or the Oval Office, as the case may be) and boardrooms: they tend to share a characteristic — closed curtains. And when you ask the big guy whether he’s been fooling around, literally or figuratively, the answer all too often is "trust me". But once in a blue moon a reluctant witness comes forward with a stained blue dress. Does Hillary trust her man? No way.
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/ 30 January 2008
South African mining companies were set to resume production this week after power failures brought the industry to a halt last Friday. Anglogold Ashanti said it expected all its mines would be in full production by the end of the week. Gold Fields spokesperson Willie Jacobsz said: ”All our mines are busy mobilising as the power flow is being restored.”
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/ 20 January 2008
It is no accident that a meeting held to commemorate the life of Yunus Mahomed was attended by scores of luminaries from the African National Congress and the United Democratic Front (UDF). Current and former Cabinet ministers paid tribute to their comrade, who died of a heart attack on January 6.
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/ 10 November 2007
Eskom is looking at the possibility of increasing electricity tariffs by 18%, South African Broadcasting Corporation (SABC) news reported on Friday. Eskom said the cost of building power stations — at R1,13-trillion over the next 20 years — and the rise in coal prices are to blame for the possible increase.
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/ 7 November 2007
Africa’s efforts to derive greater benefits from its mineral wealth were boosted on Wednesday with the launch of South Africa’s first black-owned diamond-cutting and -polishing facility. Southern Africa accounts for more than 40% of the world’s diamond output with Botswana being the world’s largest producer of the gem.