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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.
Johannesburg - Eskom CEO Jacob Maroga on Friday denied that the board had asked him to step down.
He told Talk Radio 702 that no such request had been made, but
declined to be interviewed on air.
Eskom officials could not confirm a report in the Business Day
that the board asked him to resign since his term had been troubled with coal shortages and tariff hikes.
Citing "sources", the daily reported that the board wanted
Maroga to leave instead of them having to fire him.
Public Enterprises Minister Barbara Hogan apparently received an anonymous letter recently from a group of senior employees in Eskom demanding his removal.
The department's spokesperson was not available for comment on Friday morning.
The Eskom board's regular meeting is set to end on Friday.
Maroga was at Eskom's helm in turbulent times, including rolling black-outs in 2008 and, more recently, a request for 45%
tariff hikes every year for the next three years.
- Sapa