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Ramaphosa is the president

While there were singing and moving for the duration of the day by thousands of campaigners of the African National Congress [ANC] presidential candidates, party officials took to online networking uncovering who they voted in favour of. Astonishing quiet from spectators, kicked in when a voice resounded inside the Nasrec Conference lobby, outside Soweto early evening on Monday to announce …

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The Hawks must investigate Koko

Democratic Alliance (DA) has on Monday laid criminal accusations against the recently reinstated Eskom CEO, Matshela Koko. DA Shadow Minister of Public Enterprises Natasha Mazzone said charges against Koko takes after the “sham” disciplinary hearing, clearing Koko of all charges relating to misconduct. “We have laid charges as far as the Public Finance Management Finance Act (PFMA) as we trust …

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Minister Brown gives strong advice to new Eskom board

Public Enterprises Minister Lynne Brown has instructed Eskom’s new board to take decisive action to address challenges of leadership, governance, ethics and liquidity. The Minister on Friday introduced Eskom’s new board at a special general meeting (SGM). “Among my first instructions to the board was to engage in the process of appointing a new Group Chief Executive as a priority,” …

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Eskom reacts to 5.23% tariff hike

Eskom has expressed disappointment at the National Energy Regulator of South Africa’s (Nersa) decision to only grant it a 5.23% tariff hike instead of the 19.9% increase it had asked for. The power utility had asked Nersa for a 19.9% average increment. “Eskom notes and is disappointed with the decision by the National Energy Regulator of South Africa on Eskom’s allowed …

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COSATU condemns Eskom tariff increases 

The Congress of South African Trade Unions [Cosatu] says it is distraught and angry at NERSA for the approval of 5, 23% tariff increases for Eskom 2018 financial year. Cosatu National Spokesperson Sizwe Pamla said the trade union welcomes the rejection of the requested 19, 9% increase by Eskom, saying they are concerned by this trend of using high electricity tariffs to …

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EFF and DA see on Free Education contrast

The affirmation by President Jacob Zuma that the government l will introduce totally financed free higher education and training for poor and working-class undergraduate students was met with blended responses from restriction parties. While the Economic Freedom Fighters (EFF) hailed the new plan as a vital generational triumph of the Fees Must Fall Movement, Democratic Alliance (DA) sees it as …

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Nersa grants Eskom 5.23% tariff increase

The National Energy Regulator of South Africa (Nersa) has granted power parastatal Eskom an average percentage price increase of 5.23% for the 2018/19 financial year. The regulator announced its decision on Friday, 15 December after Eskom had applied for a 19.9% average increase in electricity tariffs for 2018/19, which would have resulted in total allowable revenue of R219.5 billion. Instead, …

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The UIF board communicates worries in the wake of Steinhoff outrage

The Unemployment Insurance Fund (UIF) Advisory Board has communicated worry over reports of conceivable misrepresentation and corporate administration disappointment at Steinhoff. The Board with the advice of the Minister of Labor, Mildred Oliphant met with the Public Investment Corporation (PIC) on December 14, 2017, to talk about the Steinhoff fiasco. “As the overseer of workers’ supports, the Board is of …

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Free higher education for poor, working class students

President Jacob Zuma has announced that government will introduce fully subsidised free higher education and training for poor and working-class South African undergraduate students, starting in 2018 with students in their first year of study at public universities. This will be done in a phased-in approach over a period of five years. “This policy intervention will enable the government to …

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Matshela Koko disciplinary hearing a joke, DA to lay charges, mulling over

Democratic Alliance (DA) will on Monday lay criminal charges against reinstated Eskom Chief Executive Officer, Matshele Koko. This takes after affirmed steps were taken by the Power Utility, clearing Koko of wrongdoing and along these lines gave him his job back, in spite of being “vigorously” involved in lucrative multi-million rands contracts. DA Shadow Minister of Public Enterprise Natasha Mazzone …

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