Eskom's new CEO engaged in questionable stock sales at Sasol . Andre de Ruyter, the incoming head of South Africa's debt-burdened State power utility, engaged in questionable stock sales while working as a senior executive at Sasol in 2013, according to a forensic...

South African Airways has a reasonable chance of rescue - specialist . South African Airways (SAA) has a reasonable chance of being saved from collapse, the specialists appointed to turn around the State-run carrier said on Friday.

Les Matuson, the business rescue pract...

Stefanutti Stocks secures additional short-term funding . Construction and engineering company Stefanutti Stocks has secured additional short-term funding of R227.5-million, the JSE-listed firm said on Thursday, noting that it remained in discussions with len...

Police arrest two former Eskom managers for fraud, corruption . Former Eskom head honchos Abram Masango and France Hlakudi have been arrested on charges of fraud, corruption and other alleged offences.

The charges partly stem from alleged kickbacks of more than R...

Ndabeni-Abrahams announces major ICT sector overhauls . State-owned companies Sentech and Broadband Infraco will be merged to create a new State digital infrastructure company, Minister Stella Ndabeni-Abrahams announced on Thursday.

The Communications and...

Fitch keeps SA on negative outlook . Global rating agency Fitch has kept South Africa's long term foreign and local currency debt ratings at BB+ and maintained its negative outlook, national Treasury said on Wednesday.

The country remai...

As historic ship-fuel switch nears, key countries aren’t ready . Historic rules to clean up pollution in the shipping industry are two weeks from taking effect, but there are signs that enforcing the new legislation will prove tricky.

The International Maritime Or...

Cabinet wants De Ruyter to take over at Eskom sooner . The final Cabinet meeting of 2019 mandated Public Enterprises Minister Pravin Gordhan to negotiate with Andre de Ruyter to take up his duties as the new Eskom CEO earlier than the set date.

De Ruyter...

Mantashe says DMRE moved with ‘necessary speed’ on IRP implementation . Mineral Resources and Energy Minister Gwede Mantashe on Tuesday hit back at criticism about the implementation of the Integrated Resources Plan 2019 (IRP 2019), which was promulgated in October.

“We ...

Bloodhound chief engineer on heat, dust and record-breaking dream . Dusty Hakskeenpan, in the Kalahari desert, is not exactly the place one expects a bunch of Brits to hang around during a hot African summer. It is 260 km from the nearest big town – Upington – and aver...