South African Airways is now in a terminal spiral dive. Government, as the owner of the airline, has had to bail out the airline with a R2.3-billion grant to replace the Standard Chartered loan. What is telling is that the airline was unable, despite its best efforts and the benefit of supposedly copper-bottomed state guarantees, to entice any commercial lender to step in. By GUY LEITCH.
amaBhungane & Scorpio #GuptaLeaks: Software giant SAP paid Gupta front R100-million “kickbacks” for state business
To clinch Transnet business, business software giant SAP agreed to pay 10% “sales commission” to a company controlled by the Guptas. The evidence suggests the company – a little-known outpost of the Gupta empire – was deliberately interposed to obscure Gupta involvement and to launder the proceeds to them. By AMABHUNGANE & SCORPIO.
Take two Italian engineering companies based just 50km apart, both producing transport. Both have weathered all manner of financial storms to emerge stronger, market leaders for more than 70 years. Their names are synonymous with style, quality and performance. They define passion and innovation, but also careful branding and market access and awareness. But there are differences between them. By GREG MILLS.
On a day when South Africa’s biggest gold mine, Anglo Gold Ashanti, announced that it was considering retrenching some 8,500 workers, miners from North West province marched on the Johannesburg Stock Exchange (JSE) to demand an end to retrenchments and a fairer share of the economic wealth being extracted by the mining companies operating in the area. By IHSAAN HAFFEJEE.
Why would investors seeking healthy returns and a stable environment choose Uganda over other locations around the world with similar potential? Latin America is equally blessed with a wealth of natural resources. They too have had their fair share of “colourful” leadership, but some countries have moved on, and for the better. By GREG MILLS and LYAL WHITE.
Almost six weeks after Parliament unanimously voted to adopt the new FICA Bill, President Jacob Zuma has yet to sign it into law. This means that we are just weeks away from being rated in the same category as North Korea, Syria and Iraq by the international financial community, yet another step towards the moral bankruptcy of South Africa. By MAGDA WIERZYCKA.
The Department of Energy (DoE) released a draft update (Draft IRP 2016) to its earlier Integrated Resource Plan for Electricity (IRP 2010-2030) in November 2016, and invited comments and input through a public participation process. The deadline for this feedback was 31 March 2017. This review provides a summary of five major submissions made, with links to these submissions. By ROGER LILLEY and CHRIS YELLAND.
There's not enough information to answer that scientifically but one thing that is certain is that to produce gas from coal seams you need to pump out a lot of water that they sit in to let the gas “desorb”. This produced water is usually pumped back into the ground, somewhere nearby and very deep down which has been shown to change the basal pressure underground. And the potential consequences of that? Earthquakes. By JEFFREY BARBEE.
Eskom’s chief nuclear officer, David Nicholls, explains the potential of the utility’s renewed interest in the Pebble Bed Modular Reactor (PBMR). The project is still in its research phase. CHRIS YELLAND and PIERRE POTGIETER interviewed him for EE Publishers. This is an edited version.