Maimane to ask UK fraud unit to probe McKinsey for bribery

Sep 22 2017 16:12

DA leader Mmusi Maimane will write to the Serious Fraud Office in London to request an investigation into McKinsey’s dealings in terms of the UK’s Bribery Act.


Brown instructs Eskom to start legal action against McKinsey, Trillian, Koko and Singh

Sep 22 2017 05:00

Public Enterprises Minister Lynne Brown has instructed Eskom to begin legal action against companies including McKinsey over their involvement in disputed contracts at the country’s state-owned electricity company.


Why Eskom is asking for a 19.9% tariff hike

Sep 20 2017 21:30

Experts at Eskom unpack how the power utility calculated its proposed 19.9% hike, adding that the amount was in fact a "sacrifice" on Eskom's part.


Brown studying Eskom's latest Trillian responses

Sep 20 2017 17:09

Public Enterprises Minister Lynne Brown is studying Eskom's latest reply to her questions on the power utility's dealings with the Gupta-linked Trillian firm and unethical behaviour surrounding McKinsey.


Kubayi sees no hurry for new coal or gas power projects

Sep 20 2017 07:21

South African programmes to add coal and gas power generation from independent providers should wait until policies are updated and the nation’s future needs are clearer, Energy Minister Mmamaloko Kubayi has said.


McKinsey faces legal action over Gupta-linked Eskom saga

Sep 18 2017 18:16

The Democratic Alliance says it will lay fraud, racketeering and collusion charges against US global consultancy firm McKinsey, after it was implicated in the Eskom corruption scandal.


Eskom seeks 19.9% hike in tariffs on top of R60bn in clawbacks

Sep 14 2017 17:07

Eskom's application for a 19.9% increase effectively means municipal customers could end up paying up to 28% more for power in July next year.


How consultants ripped R1.6bn from Eskom – and planned to take R7.8bn more

Sep 14 2017 06:30

Leaked documents and emails show how McKinsey and Trillian – the latter allegedly a key “state capture” player – planned how to extract up to R9.4bn in fees from Eskom, including by consulting on nuclear.


Eskom gives EC municipalities 48hrs to pay up or face power cuts

Sep 13 2017 07:28

Eskom has delayed planned interruptions of bulk electricity supply to three Eastern Cape municipalities, but says plans must be made before Friday for outstanding payments.


IPP's scrutinising Kubayi's 77c deal

Sep 14 2017 11:16

Bidders in South Africa’s renewable energy programme are currently scrutinising their bids to see whether their projects would still be viable at 77c/kilowatt-hour.

Inside Fin24.com


Green groups challenge go-ahead for new coal IPPs

Sep 12 2017 15:21

Environmental groups say they will ask the courts to set aside environmental authorisations for two new coal power stations by independent power producers.


Energy department seeks R68bn to fund power grid backlog

Sep 12 2017 14:00

The Department of Energy is in talks with development finance institutions to fund a R68bn-plus backlog in the country’s ageing electricity distribution infrastructure.

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