Author Archives: admin

GEPF retreats from investment in SOE basket cases

Financial Mail reports that the country’s largest investor in the bonds of SA’s beleaguered state-owned enterprises (SOEs) has drawn a line in the sand and is slowly withdrawing support for basket cases such as Eskom.   Source: Latest News

NUM president’s attack on mine proto teams “a disgrace”

Allan Seccombe writes that for a mining company to deal with four deaths and the difficult, dangerous recovery of those bodies is one thing, but to deal with an unfounded, racist diatribe from a union about those rescue efforts adds a nasty and unnecessary element.   Source: Latest News

NUM to protest on Eskom CEO’s first day at work on 15 January

Fin24 reports that incoming Eskom CEO Andre de Ruyter can expect a rocky start to his tenure as boss of the troubled state-owned power utility, as the National Union of Mineworkers (NUM) plans to demonstrate and hand him a memorandum on his first day in the office.   Source: Latest News