Cape Town - In case you missed it, here is a roundup of Tuesday's top 5 reads on Fin24.
David Mahlobo, the nuclear deal's new best friend?
New Energy Minister David Mahlobo could make it much easier to realise South Africa’s nuclear ambitions, several commentators warned on Tuesday following has appointment as Minister of Energy.
They voiced the opinion that Mahlobo's abilities as a spy will be a handy tool to cast a veil of secrecy around critical deals.
Concerns were raised that President Jacob Zuma’s Cabinet reshuffle, moving Mmamoloko Kubayi from the energy portfolio to communications and replacing her with the former state security minister, was a definite shift towards nuclear.
READ: David Mahlobo, the nuclear deal's new best friend?
Rand drops on Zuma's surprise 'pro-nuclear' Cabinet reshuffle
READ: Rand drops on Zuma's surprise 'pro-nuclear' Cabinet reshuffle
Business Unity South Africa, meanwhile, said that Zuma's 12th Cabinet reshuffle would undermine SA's economic growth prospects.
As it happened: Unpacking state capture at Eskom
Parliament's public enterprises committee commenced its first ever state capture inquiry on Tuesday, beginning with allegations of corruption and capture at state power utility Eskom.
Get an overview of the day's events as they happened by reading the live feed from our reporter on site
READ: As it happened: Unpacking state capture at Eskom
McKinsey admits lapse in judgement, but denies corruption
Global consultancy firm McKinsey has admitted that it found violations of its professional standards, as its probe into the firm neared completion. But it denied that the firm was involved in any acts of bribery or corruption, or had made payments to Gupta-linked company Trillian.
In a statement on Tuesday, McKinsey said it never made payments "directly or indirectly" to secure contracts, nor aided others in doing so. It also stated it did not introduce Trillian to Eskom, nor vice versa.
Tom Barkin, McKinsey’s global chief risk officer, said McKinsey rejected the notion that it was involved in any acts of bribery or corruption related to its work at Eskom, or through its interaction with Regiments or Trillian.
READ: McKinsey admits lapse in judgement, but denies corruption
PIC's Dan Matjila: We haven't closed the door on SAA
The Public Investment Corporation, responsible for managing government employees' pension money, said it will still consider investing in ailing national carrier South African Airways, provided the airline meets certain conditions.
PIC CEO Dan Matjila told members of Parliament on Tuesday that the fund manager has not "closed the door on SAA", but added that the struggling state-owned entity would need to turn around its finances and governance.
The PIC and the Government Employees Pension Fund (GEPF) were appearing before Parliament's standing committee on finance regarding their annual reports for the 2016/2017 financial year, their investment mandates and general performance.
READ: PIC's Dan Matjila: We haven't closed the door on SAA
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