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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 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.
May 24 2012 17:31
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Cape Town - The electricity-generating utility
Eskom is taking legal action against a coal supplier in respect of financial
prejudice the utility suffered.
According to Public Enterprises Minister Barbara Hogan, giving a written
reply on Monday to a Parliamentary question from Cobus Schmidt of the
Democratic Alliance, a claim for R80 877 425.31 has been made.
"Eskom has instituted legal action in the form of arbitration
proceedings against the relevant parties in respect of the financial
prejudice suffered by Eskom," Hogan said. "The cause of action relied upon
by Eskom is in the main breach of contract, negligent misstatement [and]
unjustified enrichment."
- I-Net Bridge