Posts tagged with 'contractors'

 

Kusile under financial crossfire – R36 billion owed for alleged arrears for semi-completed power station with design flaws

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Kusile, as one of the two new Eskom mega power stations that is supposed to deliver to supply sustained electrical power for the country, is apparently caught up in financial crossfire.

In addition to the enormous escalation of construction costs due to mismanagement and corruption, contractors at the semi-completed power station claims amid design defects a combined R36 billion in total for alleged arrears.

The power station that was supposed to have been completed by 2014 still only has one unit commercially in operation. The total construction cost to date is estimated at R161 billion.

Natasha Mazzone, DA shadow minister of energy, says an urgent debate “of national importance” is needed, regarding the financial crisis at Eskom. According to her, Eskom is deteriorating terminally and taxpayers have to stand indefinitely for years of mismanagement, massive corruption and poor project management – amid escalating electricity c
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Mining groups lay down workers due to heavy financial losses, SA economy troublesome while unemployment rate continues to rise

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The Sibanye-Stillwater mining group retrenched 3,450 of its workforce in gold mines, which is nearly half the number expected.

An updated report on the reduction of its workforce, especially the Beatrix and Driefontein gold mines, points out that the decision was necessary after the five-month strike after consensus was reached on retrenchments.

Only one shaft in the Driefontein mine continues to produce, which indicated that nearly 6,000 permanent workers and 800 contractors would be retrenched at Beatrix and Driefontein.

The heavy losses of the mines eventually resulted in 3,450 permanent workers being retrenched, as well as 550 contractors.

Driefontein’s number 8 remains in production with only about 970 workers and 55 contractors.

-Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

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During the ANC regime, roughly R500 billion has been looted by Eskom contractors, which partly explains why South Africa is in such a big financial mess – it is unsure if the culprits will be brought to justice

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A Special Investigation Unit is currently investigation more than eleven contractors whom are suspected of robbing the power utility of billions of rand.

The contractors looted R130 billion from Eskom during the construction of the two new power stations, Medupi and Kusile as well as the Ingula power station.

From the so-called “inner circles” it is claimed that plundering at Eskom has been taken place since 2005, which partly explains why South Africa has ended up in a financial mess.

A spokesman said Eskom had been robbed of R170bn, of which R130bn was directly related to so-called contractors working at the different power plants.

Investigation is now being done to determine who has committed theft, and who worked within Eskom to benefit the thieves.

Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

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