Another R139bn stolen at Eskom? – probe underway

The Special Investigating Unit is probing 11 contractors for stealing a staggering R139bn during the building of Eskom’s Medupi, Kusile and Ingula power plants.

And insiders say the total cost of Eskom looting could reach about R500bn, dating back to

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Why South Africa has blackouts and ‘load shedding’

Rolling blackouts last year had South Africans firing up candles, flashlights and generators after crisis-plagued Eskom Holdings SOC Ltd., which provides most of the country’s electricity, failed to meet demand. The power crunch has since eased thanks to fewer unplanned … Read the rest

White English-speaking South Africans flee the country

Immigration lawyers have noticed a spike in inquiries from South African residents interested in emigrating from one or two a week last year to about 10 a week now.

Even the NGO Homecoming Revolution, which encourages expats to return to … Read the rest

Strong dollar a threat to Eskom and South Africa

In the world of economics, one policymaker towers above all others. The head of America’s central bank, Janet Yellen, presides over a $17 trillion economy. The empire of her nearest competitor, Mario Draghi, amounts to a relatively puny $10 trillion. … Read the rest

Zuma reiterates that Eskom’s problems are the fault of whites and ‘apartheid’

President Jacob Zuma used the ANC’s January 8 birthday rally to absolve his government from responsibility of the energy crises gripping the country, according to reports from the ANC shindig in Cape Town.

Zuma told over 50 000 of ANC … Read the rest