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Transnet faced intense scrutiny in Parliament as MPs raised concerns about rising debt, weak governance and persistent audit failures in spite of signs of recovery

Transnet grilled in parliament over debt, governance failures and audit concerns

Transnet faced intense scrutiny in Parliament as MPs raised concerns about rising debt, weak governance and persistent audit failures in spite of signs of recovery

Finance Minister Enoch Godongwana. Photo: Dwayne Senior/Getty Images

Rising debt, inefficiencies are draining South Africa’s fiscus, finance committees say

The chairs of parliament’s finance committees say the country is on a fiscal cliff and the minister has to make difficult choices in his budget this week

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

Political parties slate defence department, Denel after SIU uncovers procurement irregularities

In one Special Investigating Unit inquiry, Denel was paid more than R8 billion by Armscor for 264 Badger vehicles but only produced a fraction of those

Prasa, through the rolling stock recapitalisation programme, procured new rolling
stock for its Metro Rail operations as part of its long-term modernisation strategy.
(Delwyn Verasamy)

Prasa faces R5.1 billion legal case for unpaid debts

The rail agency has ignored a Pretoria high court-ordered report for it to pay its contractor

The Namibia Stop 8 Housing Project in Inanda, eThekwini, started in 2019, but to date only this RDP house has been completed. Photo by Tsoanelo Sefoloko

R120 million and 12 years later, eThekwini delivers three substandard houses to residents of Inanda’s Stop 8

The Auditor General of South Africa said the project cost had ballooned by R143 million because of poor planning and project management

Transnet is falling well below its target of shifting 200 million to 220 million tonnes of freight a year, at which point — it is estimated — it will begin to make a meaningful contribution to the economy. Its current target is 170 million tonnes a year. Photo: (Karel Prinsloo/Bloomberg)

Debt-ridden Transnet needs to improve operations, auditor general warns

The state-owned company cannot continue relying on debt for operating cash and was at risk of not meeting repayments at the present rate

File photo by Waldo Swiegers/Getty Images.

Government complicit in crime at Eskom, brigadier says

Jaap Burger suggested there was resistance to tackling syndicates in a concerted manner

Eskom acting chief executive, Calib Cassim said Eskom’s request amounts to R445 billion for 2025-26, R495 billion for 2026-27 and R537 billion for 2027-28, translated to electricity price hikes of 36.1% in 2025, 11.8% in 2026 and 9.1% in 2027.
 File photo by Freddy Mavunda/Gallo Images

Calib Cassim: Eskom aims to cap load-shedding at stage four

The acting chief executive said it was imperative to bridge the gap of 4000 to 6000 megawatts of dispatchable capacity

Former Eskom chief executive Andre de Ruyter. (Brenton Geach/Gallo Images)

SIU accuses De Ruyter of maladministration

Andy Mothibi tells MPs the former Eskom CEO could face legal action

Eskom told Parliament’s standing committee on public accounts that it was targeting suppliers mentioned in the Zondo report

All state capture employees are gone, says Eskom

Scopa was also told by the company’s legal head that André de Ruyter’s explosive television interview did not bring the utility into disrepute

Andy Mothibe has been appointed as the new national director of public prosecutions. File photo by Paul Botes

Municipalities still stalling on Special Investigating Unit recommendations

The Special Investigating Unit is owed R986 million by the state institutions it has investigated

Eskom board chairperson Mpho Makwana. Photo: Getty Images

How Eskom’s ‘besieged’ execs talk to the public

The language used to describe Eskom’s crisis and the ways in which the utility’s management have divided into opposing camps offers fascinating insights

The air force’s
Oryx and Rooivalk helicopters, which are manufactured
by Denel. File photo by Born/Gallo Images/The Times &
Sebabatso Mosamo/Sunday Times

‘Rogue’ Denel board snubs parliament

Not a single member of the state-owned weapons manufacturer, which has received taxpayer funded bailouts of R9 billion, put in an appearance at the meeting

Former Eskom chief executive Andre de Ruyter. (Gallo Images / Brenton Geach)

Scopa to tell De Ruyter to submit Eskom intelligence report

The decision came after President Cyril Ramaphosa’s security adviser, Sydney Mufamadi, said the former CEO never told him the report implicated a senior ANC politician in…

Brigadier Jap Burger is central to the fraud and corruptions claims made by the power utility’s former chief executive André de Ruyter. (David Harrison)

Scopa to recall former Eskom boss André de Ruyter

The parliamentary committee will also call Business Unity South Africa’s head to talk about the intelligence probe the former chief executive initiated

Former Eskom chief executive Andre de Ruyter. (Waldo Swiegers/Bloomberg)

De Ruyter’s truth is stranger than fiction

Instead of meeting engineers, the former Eskom chief executive was busy with his ghostwriters

Public Enterprises Minister Pravin Gordhan.

Gordhan refutes claims he knew about Eskom intelligence report

The public enterprises minister says the former Eskom board chairperson, Malegapuru Makgoba, misled and misinformed parliament and the public

Public Enterprises Minister Pravin Gordhan. (Delwyn Verasamy/M&G)

Eskom load-shedding a second phase of state capture, says Gordhan

The public enterprises minister appears before parliament’s standing committee on public accounts regarding corruption at the power utility

In parliament: former Eskom chairperson Malegapuru Makgoba.
Makgoba said Public Enterprises Minister Pravin Gordhan was told about graft at Eskom and he had urged former chief executive André de Ruyter to gather information on it.
 (Masi Losi/Sunday Times/Gallo Images)

Battle for the truth about Eskom

Ex-Eskom boss and former chairperson deny the intelligence on the ANC’s complicity in graft at the utility was withheld

Former Eskom chairperson Malegapuru Makgoba on Wednesday said it was Public Enterprises Minister Pravin Gordhan’s idea that the state-owned entity should conduct intelligence gathering to combat corruption.

Gordhan called for intelligence ops at Eskom: Makgoba

The former Eskom chairperson said a maligned investigation initiated by former CEO Andre de Ruyter was first mooted by the minister