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May 21 2012 17:30
Mark Zuckerberg's fortune dwindled by nearly $2bn to $18.7bn within minutes as trading began again in Facebook shares – which promptly plunged by nearly $5.
May 22 2012 12:20
Power utility Eskom is concerned about meeting peak power demand as winter sets in although the situation should improve by mid-June, says CEO Brian Dames.
May 21 2012 18:36
The announcement of 19 successful bidders for the second phase of the renewable energy independent power producers' programme has received industry approval.
Cape Town - Deputy transport minister Jeremy
Cronin insisted in the National Assembly on Tuesday that the ANC does not
have any grounds for regarding Bobby Godsell as a racist.
The deputy minister quoted ANC secretary general Gwede Mantashe as
"condemning in very, very firm terms - in fact he described it as the lowest
level of rationality if I heard him correctly - any attempt to ascribe race
to the problems involved in the board and the executive of Eskom".
The question had been raised in a members' statement from Papi Kganare
from the Congress of the People, who pointed out that the racial slurs
against Godsell had been rejected by the National Union of Mineworkers who
defended his non-racial credentials.
Kganare accused the government of interfering in the governance of
Eskom. He said that statements that Jacob Maroga, the chief executive, had
not resigned "left an indelible impression of unacceptable interference by
the governing party in the affairs of the parastatal".
He said it looks as though the board of Eskom was overruled by the
government - "possibly by the president himself".
- I-Net Bridge