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May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
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