Subscribe & Follow
Trending
Advertise your job vacancies
'No move to alter' Molefe provision
Representatives of the Treasury and Eskom denied that there were moves to change former CEO Brian Molefe's controversial 50% plus one requirement for suppliers.
Brian Molefe, former CEO of Eskom
This contradicted comments by executives of Exxaro, Eskom's biggest single coal supplier, at a briefing after its interim results presentation that the Treasury's intervention was evident since January in giving greater importance to best price in adjudicating contracts instead. A Treasury representative said the department was not intervening in Eskom contracts.
Eskom spokesman Khulu Phasiwe said its primary energy team had confirmed that 50% plus one remained a policy objective. He said there had been no waiver of this requirement.
Exxaro CEO Mxolisi Mgojo said earlier that the Treasury's intervention had "a neutralising effect. There are no special interests at stake." Asked for further details of Treasury's intervention, given its denial, Exxaro declined to add anything.
Source: Business Day
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.zaRelated
Mining veteran, Ben Magara appointed Exxaro CEO 2 days Don’t call it a comeback, but Exxaro is banking on coal resurgence 16 Jan 2025 SA's new Public Procurement Bill will reshape procurement practices and unlock economic growth 16 Oct 2024 Indaba to spotlight procurement act, sustainability, and tenders 23 Aug 2024 Appeal in case concerning R40m SA-Zimbabwe border fence dismissed 11 Apr 2024 Indonesia and SA eye coal exports to India amid geopolitical shifts 29 Feb 2024
