The AfricanNational Congress (ANC)s Valli Moosa acted improperly and with conflict ofinterest in awarding a ZAR 38.5bn Medupi contract to the Hitachi consortium. He was chairman of Eskomat the time and the ANC has an interest in Hitachi. The public protector reported thatthe ANC stood to benefit by up to ZAR 5.8bn via the 25% stake its investmentarm, Chancellor House, has in engineering company, Hitachi Power Africa,Business Day reported. The finding against Moosa was made by former publicprotector, Lawrence Mushwana, who recommended that private enterprises minister,Barbara Hogan, develop legislation to regulate business conduct betweengovernment entities and political parties. The ANCs involvement in businessthrough Chancellor House has long been of great concern in the country.
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more