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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 - Eskom chair Bobby Godsell will brief the media on "the
current developments at Eskom" at its Johannesburg headquarters on
Thursday afternoon, the company's media desk said.
While not providing further details, it is expected to be about
the future of the company chief executive officer Jacob Maroga.
Godsell was also expected to address staff, before the media
briefing.
Eskom spokesperson Andrew Etzinger said he could not provide
details, saying only that Godsell would address the conference at
13:00.
Public Enterprises Minister Barbara Hogan told Parliament on
Wednesday that Maroga was not solely responsible for the power
utility's problems and that it was unfair to blame him.
Earlier, fin24.com reported that President Jacob Zuma had
intervened to prevent Maroga being sacked by the Eskom board.
As a consequence, the board had been embroiled in a fierce
dispute with government - led by Hogan and her deputy Enoch
Godongwana.
- Sapa