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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
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
Johannesburg - Less than a week after confirming
the resignation of its CEO, South African power utility Eskom on Wednesday
announced three new senior appointments.
The utility has appointed Paul O'Flaherty as Eskom's new finance
director, Dan Marokane as managing director (primary energy) and Bhabhalazi
Bulunga as managing director (human resources).
O'Flaherty, whose appointment becomes effective with effect from the
beginning of January 2010, is currently chief financial officer at Al Naboodah Construction Group in Dubai, United Arab Emirates.
He joined Al Naboodah in July 2007 from the Johannesburg-based
construction company Group Five where he spent a total of five years in a
similar position and later as its deputy CEO.
Prior to joining Group Five he spent 14 years with
PricewaterhouseCoopers (formerly Coopers and Lybrand) in various capacities
and ultimately serving as South African Head of Mining and Energy Audit
Group.
Marokane, who takes up his post from January 12 next year, has been with
PetroSA for eleven years.
In March 2007 he was appointed to his current position as vice-president
of the national oil company's operations division.
He is a Director of PetroSA Nigeria, PetroSA Europe and Brass
Exploration, Nigeria.
Marokane is responsible for providing strategic leadership to the Gas-
to-Liquids Refinery (GTL&R) in Mosselbay and the three Exploration and
Production offshore units, namely the F-A gas platform, and the Orca and
Glas Dowr oil production vessels.
Bulunga, who joins Eskom on with effect from the start of February 2010,
is currently general manager of human resources at South African Airways
(SAA).
He joined SAA in March 2007. Prior to that was employed by BHP Billiton
in the position of human resources manager at Mozal in Mozambique and in
October 2005 he was transferred to Richards Bay and appointed human
resources manager for the Hillside and Bayside Smelters.
He remained in this position until February 2007.
- I-Net Bridge