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CEO Admits Prasa Has no Mechanisms to Deal with Graft

In a briefing that was held on Wednesday in Johannesburg to members of Parliament’s Standing Committee on Public Accounts, it was revealed that PRASA lacked mechanisms to deal with and curb instances of irregular expenditure. This admission was made by the parastatal’s acting Group Chief Executive Officer, Mr Collins Letsoalo when he faced the SCOPA, which was following up on the company’s bad showing when the Auditor General presented his audit outcomes for the financi... Read more »
by Oliver Ngwenya | Published 5 months ago

By Oliver Ngwenya On Thursday, November 17th, 2016

Prasa Leading the Way in Losing Public Funds: AG Makwetu

The Auditor General has revealed that just over R4billion was wasted in the financial year 2015/2016. Auditor Genaral Kimi Makwetu was speaking at a media briefing in Cape Town on Wednesday as he released a rep... Read more »
By Oliver Ngwenya On Sunday, November 13th, 2016

Mixed Reactions as Molefe Throws in the towel.

The spokesperson for the National Union of Mineworkers (NUM), Livhuwani Mammburu says, “We have noted with serious concern the untimely resignation of Eskom CEO Brian Molefe. There’s no doubt that Eskom was... Read more »
By Staff Writer On Sunday, August 14th, 2016

Is MTN Stealing Airtime from its Subscribers?

Recently, MTN’s Facebook page has been flooded with posts from unhappy subscribers, most of whom complain about mysteriously disappearing airtime and data. In most cases, when MTN responds, it advises its... Read more »
By Staff Writer On Thursday, April 14th, 2016

Has MMM Global Collapsed Following the Shutdown of Republic of Bitcoin?

South Africa – Thousands of MMM Global participants across the country are anxious about losing their investments following the network’s announcement last week that it was shutting down one of its ... Read more »
By Staff Writer On Friday, April 8th, 2016

Is Jabulani Cashflow Ngcobo a Fraudster?

One of Durban’s youngest millionaires, Jabulani “Cashflow” Ngcobo, who currently resides in Johannesburg, where he is living a lavish lifestyle, has been accused of defrauding a number of peop... Read more »
By Oliver Ngwenya On Thursday, September 17th, 2015

Load Shedding A Necessary Measure To Protect The Power System: Eskom Says

Eskom announced on Monday evening that it had implemented stage 1 load shedding after managing to keep the country’s lights on for five weeks. It is said that the power system was stable for most of the day t... Read more »
By Oliver Ngwenya On Saturday, September 5th, 2015

More Power Stations to Join the National Grid: Eskom

Eskom, the South African power utility, has announced that it aims to reduce the recurring power shortage within the country by bringing on line a number of units into the power mainstream. This announcement fo... Read more »
By Oliver Ngwenya On Friday, June 12th, 2015

Eskom CEO Brian Molefe Calls Strikers Traitors

The acting Chief Executive Officer for the Eskom, Mr Brian Molefe, has described the workers that are on strike at the Medupi plant as traitors who are bent on destabilizing the country at a time when the compa... Read more »
By Oliver Ngwenya On Thursday, May 21st, 2015

E-Tolls Here to Stay, Expanded but Cheaper: Ramaposa

It was a much awaited announcement and was not short of reactions when it finally came. This was the announcement by the South African and ANC Deputy President, Cyril Ramaposa about the latest development in th... Read more »