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South Africa

South African News and Contemporary Issues

Eskom no longer forced to use 100% black-owned suppliers

iFrame is not supported! Eskom, Denel, Transnet, and other state-owned companies (SOCs) can no longer disqualify suppliers from consideration for tenders if they don’t meet black economic empowerment (BEE) criteria. Sunday newspaper Rapport reports that finance minister Enoch Godongwana published new legislation for the Preferential Procurement Policy Framework Act (PPPFA) on Friday, 4 October 2022.

Johannesburg stock Exchange loses its shine with investors

iFrame is not supported! Steinhoff, EOH, and Tongaat Hulett exposed the myth that JSE-listed companies had strong governance and were immune to widespread corruption. This is the view of Financial Mail editor and Steinheist author Rob Rose, who was at the forefront of reporting on the Steinhoff scandal.

Rand Water hit by major water pipeline bust impacting Johannesburg households

iFrame is not supported! Bulk water supplier Rand Water announced an emergency shutdown on Friday (4 November) due to a major burst on the A6 Pipeline, which supplies water from Vereeniging purification works to Zwartkopjes pump station. Joburg Water said in a media statement that the water shutdown would be in effect from 18h00 Friday …

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