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Eskom Backtracks on CEO De Ruyter's Suspension; Student Protests Continue

SOUTH AFRICA

LOCAL NEWS

  • Eskom CEO De Ruyter said the board considered putting him on suspension in line with recent allegations of racial preference in issuance of supply contracts, but decided against it.
    • Says he will not step aside during the probe as there's critical work to be done – Fin24. Eskom can ill afford to have a distracted CEO while risks to energy stability are this elevated.
  • Student protests continue after Govt said it could not afford to write off >R10bn in student debt and provide free education.
    • Students say the will not back down from demands and that protests will continue for the remainder of the month until demands are met
  • State Capture commission says it wants Zuma to be found in contempt of court and face a sentence appropriate to his public act of defiance.
    • Zuma is supposed to face the Supreme court of appeal today, requesting the ruling against the state paying his criminal prosecution costs be set aside
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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