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African News Agency

Eskom gave Tegeta prepayment on day Optimum purchase price was due, inquiry hears

1st November 2017 A business rescue practitioner on Wednesday told the parliamentary inquiry into Eskom that the power utility agreed to pay Tegeta almost R600-million in advance for coal on the same day it became clear that the Gupta-affiliated company was short of that same sum to purchase the Optimum coal mine.... 

South African mining production surges 6.9% in August, exceeds expectations

12th October 2017 Mining production in South Africa increased by 6.9% year-on-year in August whilst seasonally adjusted mining production increased by 5.3% in the same month compared with July, Statistics South Africa (StatsSA) said on Thursday. StatsSA said the biggest contributors to the jump in production were... 

Harmony lifts Q1 gold production

12th October 2017 JSE-listed Harmony Gold said on Thursday that gold production from its South African underground operations will be 12% to 14% higher quarter-on-quarter, due to an increase in both volumes and recovered grade. This comes ahead of the release next month of Harmony’s production results for the... 

Councillor, ten others arrested in Gupta owned Shiva mine protest

12th October 2017 A councillor was among 11 people arrested for public violence and malicious damage to property in Tigane near Klerksdorp following a protest, North West police said on Wednesday. Lieutenant Colonel Pelonomi Makau said the councillor was expected to appear in the Hartbeesfontein Magistrate’s Court... 

MPs dismayed as chief procurement officer silent on Eskom contracts

11th October 2017 Acting chief procurement officer Willie Mathebula apologised to Parliament’s standing committee on finance on Wednesday for giving a “sub-standard presentation” after members expressed dismay that he claimed no direct knowledge of the withdrawal of a damning report on Eskom’s coal contracts with... 

SA black consumer body urges regulator to reject Eskom’s tariff hike application

11th October 2017 The National Black Consumer Council (NBCC) on Wednesday said that it opposed Eskom’s proposed application for a 20% electricity tariff increase next year. TheNBCC urged the National Energy Regulator of South Africa (Nersa) to reject the troubled power utility’s application and rather grant it “a... 

Zwane urges development of more African geological surveys

9th October 2017 Mineral Resources Minister Mosebenzi Zwane on Monday said that the limited knowledge of geosciences in Africa was thwarting appropriate steps to enable maximisation of development needed to transform the social and economic fabric of the continent. Zwane said that the role played by geological... 

Improving miners’ lives best way of honouring Marikana victims – Zuma

9th October 2017 President Jacob Zuma has said he would not declare a commemorative day to mark the killing of miners at Marikana five years ago, as the most effective way of honouring the victims was to take practical steps to improve the lives of mining communities. Zuma was responding to a written... 

Black Business Council says Eskom CEO musical chairs doesn’t inspire confidence

9th October 2017 The Black Business Council (BBC) said on Monday that it was concerned by the sudden change of leadership at State-owned power utility Eskom, saying that government must give the enterprise some space and not meddle in its affairs. This comes after Eskom last week appointed its chief information... 

Sasol changes funding option to settle old BEE scheme debt

9th October 2017 Sasol on Monday announced that it would explore different funding options to settle the financing obligations of its failed broad-based black economic empowerment (BBBEE) ownership structure. Sasol said it will no longer pursue the preferred funding option of issuing up to 43-million ordinary... 

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