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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessEskom CEO Faces Racism Probe; ANC Top 6 Capitulates on Zuma
LOCAL NEWS
- Eskom confirms racism probe into CEO De Ruyter after allegations launched last week of purging suppliers along racial lines.
- Eskom says allegations not only bring the firm's reputation into disrepute, but distract the executive team from critical restructuring work. Eskom will appoint an independent senior counsel to conduct the investigation
- ANC's top 6 decide to give ex-President Zuma 'space', and allow him to consult with his legal team around his refusal to abide by the ConCourt order to appear before the state capture commission.
- This is yet another display of weakness by the ANC in delivering non-partisan orders, and indicative of ally Magashule's influence – quoted calling Zuma a 'law abiding citizen'
- TV operator Multi-Choice backs state broadcaster SABC's call for a household tax to help fund the ailing SOE.
- Proposed levy applies to all households with access to public channels, irrespective of consumption of SABC content. SABC wants Multi-choice to coordinate collection, but Multi-Choice says SARS should be in charge
- Eskom set to pursue civil action against ex-CEO Molefe and other executives to recoup R3.4bn taken under state capture (R5bn recovered already).
- Public Enterprises Min Gordhan says the fight is far from over on recovering costs. Also hails a maintenance push to address load-shedding risks, specifically targeting major units to shore up energy supply – SABC news
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.