South Africa’s power utility Eskom reports that it has received approval for the National Treasury from the “urgent procurement” of four-million tons of emergency coal to help address serious stock shortfalls at several of its 15 coal-fired power stations. More than 1.1-million tons have already been secured and the first emergency coal will be delivered in December.
NTP Radioisotopes on Friday confirmed that the National Nuclear Regulator (NNR) had given it the go-ahead to resume production of essential medical radioisotopes at its Pelindaba facility. NTP, which is a subsidiary of State-owned South African Nuclear Energy Corporation (Necsa), will start with preliminary production readiness runs before resuming full production runs, it said in a statement.
National Treasury has released a bombshell report of more than 600 pages detailing the extent of rot at Transnet and Eskom over the last six years – and says Malusi Gigaba compromised the procurement process of controversial new Chinese locomotives. The report, compiled after a forensic investigation by Fundudzi Forensic Investigation Services, found widespread irregularities, improper and illegal payments and flouting of good governance laws.
Former Eskom CEO Matshela Koko obstructed coal testing that would have compromised the contract Tegeta Exploration cinched with the power utility, according to a forensic report released by National Treasury on Friday. The report by Fundudzi Forensic Investigation Services details how Eskom executives flouted company policy and public finance rules to favour Tegeta, part of the Gupta family's business empire, and concludes that Koko and three other Eskom officials should be held accountable for irregular and unauthorised expenditure.
Eskom group capital division executive Abram Masango has resigned, the Mail & Guardian reported on Friday. This follows after Eskom's announcement earlier in the day that it had suspended him, pending an investigation into various allegations of impropriety against him relating to the Kusile power station build project.