Whitey Basson’s dirty R1.8 billion

By BO Staff Writer This story was previously published on 1 May 2017 in the white owned  Financial Mail under the vile and misleading heading, “WHITEY’S R1.8BN SHOPRITE WINDFALL”. The truth is that the staggering corruption can’t be hidden. Imagine what bile would have been written if it was Eskom CEO Brian Molefe who continues to …

Brian Molefe an exciting addition to parliament

By BO Staff Writer It’s official, former Eskom CEO, Brian Molefe, has been sworn in as an African National Congress Member of Parliament (ANC MP). Molefe, who is credited as having turned around the power utility and stopped the scurge of loadshedding, is rumoured to be heading to the Treasury department. Molefe resigned late last …

Eskom, Exxaro row over BEE compliance

By BO Staff Writer The coal mining company, Exxaro Resources, has announced that it approved a transaction which would result in its majority black ownership stake declining from 50% to 30%. Exxaro is Eskom’s largest coal supplier and has 50.19% black ownership under the company, Main Street 333 Proprietary Limited. The 30% ownership level is …

Brian Molefe’s FULL resignation letter

By BO Staff Writer The CEO of Eskom, Brian Molefe, who drove the State Owned Enterprise (SEO) out of it’s loadshedding crisis, has resigned. Read his full resignation letter below: In an open letter to Brian Molefe, Adil Nchabeleng said “(w)e applaud your effort and the leadership of your team for having turned around Eskom …

Open Letter to Brian Molefe

By Adil Nchabeleng Brian Molefe, we congratulate you and the Eskom Board & Management on the bold and stern leadership demonstrated by yourselves in Eskom during these challenging times. The recent Financial Results and achievements of Eskom are impressive. It is common knowledge that many public institutions in South Africa are used to target and …