By Andile Mngxitama When white monopoly capital (WMC): i. came for the Guptas, some of us helped them; ii. destroyed ANN7, some of us celebrated; iii. came for President Zuma, some amongst us helped; iv. destroyed Brian Molefe, some of us helped to finished him off; v. came for Black First Land First (BLF), some …
By BO Staff Writer The application by former Eskom CEO Brian Molefe for leave to appeal against the Pretoria High Court’s decision that he pay back about R11m pension that the power utility had paid him, was dismissed by the Constitutional Court (ConCourt). In its judgement the ConCourt said that it lacked jurisdiction and that …
By BO Staff Writer The board chair of the South African Airways (SAA), Dudu Myeni, answered questions at the Standing Committee on Public Accounts (SCOPA) today relating to SAA’s evergreen contracts, the leasing of aeroplanes, the hiring of consultants and Coleman Andrews’ role in bankrupting SAA. SCOPA did not take too kindly to the news …
By BO Staff Writer Johann Rupert is losing it, literally! Last Friday he shouted through his shareholder meeting, with cigarette on lips. Rupert had to tell the shocked shareholders that profits are a shocking 46% down. Sources who attended the meeting say that Rupert appeared drunk, nervous and was easily agitated. He smoked during the …
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 …
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 …
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 …
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 …
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 …
By Yamkela Fortune Spengane In 2008 Trevor Manuel (then Minister of Finance) and Maria Ramos (Then CEO of Transnet SOC) got married at the Rupert wine farm in Stellenbosch after their long term relationship (during which they sold V&A Waterfront, which was an asset of the state through Transnet). Now, Trevor Manuel was Minister of …
