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Eskom dismisses allegations that De Ruyter perfected corruption around coal deal

Eskom dismisses allegations that De Ruyter perfected corruption around coal deal
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Former Denel chair still on Presidential SOE council

defenceWeb Written by defenceWeb - President Cyril Ramaphosa. She might no longer be active in board level affairs of Denel following her resignation as chair two months ago, but Monhla Hlahla remains a member the Presidential State-owned Enterprises Council (PSEC). A defenceWeb enquiry to Tyrone Seale, acting spokesperson to President Cyril Ramaphosa, brought the response that “Hlahla remains a member of the Council”. Hlahla was named a PSEC councillor in June last year along with nine others. They are Joel Netshitenzhe, Executive Director and Board Vice-Chair of the Mapungubwe Institute for Strategic Reflection (MISTRA); Vusi Khanyile, Thebe Investments chair; Michael Sachs, Wits University adjunct professor; Marion Marole, non-executive director MTN Group and Development Bank of SA; Bajabulile Tshabalala, vice president finance and Chief Financial Officer at African Development Bank; Sipho Nkosi, Sanlam director; Kandimathie Ramon, Anglo Gold Ashanti Chief Financial Offi

NUM implicates Eskom in procurement corruption

MONEYWEB app instead? The union wants the SIU to investigate. 09:37  Image: Moneyweb The National Union of Mineworkers (NUM) has raised red flags over Eskom’s plan to raise the price it pays Australian mining company South32 to procure coal for its Duvha power station in Mpumalanga. The union claims the power utility plans to finance the sale of South32’s subsidiary, South African Energy Coal (SAEC), to mining company Seriti Resources. This will be done, according to NUM, through a coal price hike and through a R1.3 billion prepayment of coal supplies to South32 by Eskom. INSIDERGOLD Subscribe for full access to all our share and unit trust data tools, our award-winning articles, and support quality journalism in the process.

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