Author: Agency

South Africa could avoid possible greylisting if it implemented recommendations in the Financial Action Task Force (FATF) mutual evaluation report. The FATF commenced its assessment in 2019 and published its final report on 7 October last year. The mutual evaluation report had an adverse rating under technical compliance and effectiveness. It made several recommendations. Addressing Parliament’s Standing Parliament on Finance, South African Reserve Bank (SARB) Governor, Lesetja Kganyago, said the report recommends that all regulatory authorities should subject beneficial owners to fit and proper assessments. Beyond this, all regulatory authorities should verify that directors, senior management and beneficial owners or…

State power utility Eskom says despite suspending load shedding, the power generation system remains vulnerable to breaking down. The electricity supplier said it suspended load shedding as a result of increased generation capacity, lower demand and the recovery of emergency generation reserves. “While we are able to suspend load shedding at this point, it is important to note that the generation system is still vulnerable to breakdowns and load shedding may be required. We therefore urge all South Africans to continue using electricity sparingly, especially during these uncertain times on the power system. “Eskom will promptly communicate should a need…

The National Prosecuting Authority’s Asset Forfeiture Unit (NPA AFU) has been granted and served an order to restrain at least R13 million on former South African Police Service (SAPS) Crime Intelligence Head, Richard Mdluli, Head of Supply Chain Management, Heine Barnard, former SAPS Crime Intelligence CFO, Solomon Lazarus, and others. The other accused are Mdluli’s former wife, Theresa Lyons, and his current wife, Vusiwane Mdluli, John and Heena Appalsami of Daez Trading CC, Barnard’s wife Juanita Barnard and Lazarus’s wife, Sandra Lazarus. According to the NPA, the restraint is linked to the fraud, theft and corruption case the accused are…

Eskom has announced that it will implement load shedding from this afternoon after the power utility faced some challenges at several power stations. “Due to a shortage of generation capacity, stage two load shedding will be implemented during the evening peak period of 4pm to midnight this afternoon and at the same time tomorrow. Eskom will promptly communicate any further significant changes. “The delay in returning a generation unit to service each at Arnot, Koeberg and Kusile power stations, as well as the unplanned outage of a generation unit each at Camden, Medupi and two units each at Grootvlei, Hendrina…

Eskom has warned that it may implement Stage 2 load shedding over the next three days from 4pm to midnight. The power utility explained that several power stations are battling challenges which may prompt the implementation of load shedding. “The delay in returning a generation unit to service each at Arnot, Kusile and Koeberg power stations as well as the failure of a generation unit each at Medupi, Hendrina, Camden and two units at Majuba power stations have exacerbated the capacity constraints. “Should there be any further loss of generation capacity over the next three days, or should some units…

Minister in the Presidency, Mondli Gungubele, says government is focused on improving the performance of Eskom’s power stations and “adding as much new generation capacity to the grid as possible, as quickly as possible” in order to ensure energy security. He was speaking during a media briefing by several ministers whose departments fall under the National Energy Crisis Committee (NECOM). The NECOM – which comprises of Eskom and relevant government departments – was announced by President Cyril Ramaphosa during an address to the nation last Monday on interventions to address the electricity crunch the country has been experiencing. NECOM will…

Eskom has met with Chief Executive Officers (CEOs) and top leadership from at least 70 businesses on the Johannesburg Stock Exchange (JSE) and Business Leadership South Africa (BLSA)-led session. The session is part of the state power utility’s efforts to find solutions to its ailing power generation issues. During the session Eskom CEO André de Ruyter mapped out the strategies currently in place to ensure that there is enough power supply on the grid. “The purpose of the discussions was to identify initiatives where the parties can collaborate and plant the seeds of opportunity to leverage private sector investment capacity…

At least 14 government entities and departments – including the South African Social Security Agency (SASSA) – will come under the sharp eye of the Special Investigating Unit (SIU) after President Cyril Ramaphosa signed five proclamations authorising the unit to investigate corruption and maladministration in the entities. SIU spokesperson, Kaizer Kganyago, said the departments under investigation include all of the provincial health departments. “The SIU investigation [into health departments] will focus on unlawful or improper conduct by claimants or applicants in respect to medical negligence claims that were fraudulent, improper or unlawful by any person or entity that unduly benefited…

A former acting head of the Gauteng Department of Human Settlement was arrested on Wednesday for allegedly fraudulently receiving R7 million payments from a supplier in the Free State government asbestos project. This was on Wednesday announced by the Hawks in a statement. Captain Christopher Singo said the 56-year-old suspect was arrested in Alberton Gauteng by the Hawks’ Serious Corruption Investigation team based in Bloemfontein. He said: “It is alleged that during the period of 2014 and 2017 an irregular contract was awarded to a service provider for the eradication of asbestos roofs by the department of Human Settlement, Free…

The Special Investigating Unit (SIU) has welcomed the arrest of six government officials in Mpumalanga for fraud and theft of over R60 million. The six government officials were arrested by the Hawks in Mpumalanga for various charges including fraud, theft, money laundering and contravention of section 6 of the Prevention of Organised Crime Act (POCA Act). In a statement, SIU spokesperson, Kaizer Kganyago, said five of the accused were employed at the Mbombela Traffic Department (MTD), and one at Mbombela Local Municipality (MLM). The accused appeared in the Mbombela Magistrate Court on Monday. “The officials were involved in over 10…