Gov accepts Trengove report clearing allegations against Eskom CEO

first_img“That is why our position is that the board is empowered to run the affairs of Eskom diligently, while ensuring a financially sustainable energy utility that is oriented to meet its developmental imperative,” he said. The Deputy President says the Eskom board has the full backing of government for its decision in July to adopt the findings of the forensic investigation, which cleared the Eskom CEO, André de Ruyter.  “In line with corporate governance principles, which set out the separation of roles between the shareholder and the board, there is no basis to doubt the decisions within the purview of the board in respect of this and any other operational issues of the power utility.  “We would like to treat this matter as adequately addressed and concluded,” said the Deputy President. Mabuza said this when responding to questions in the National Assembly. The question was raised by the Economic Freedom Fighters, asking whether, in his capacity as the chairperson of the Eskom Task Team, he has been informed of the allegations against the CEO.  The South African Deputy President, David Mabuza, says the government has no reason to doubt the findings of the Trengove report in a forensic investigation that cleared Eskom CEO André de Ruyter of allegations of misleading the board.  Finance and Policy Mabuza added that government believes the Board should be allowed space to independently carry out its fiduciary responsibilities and exercise duty of care on all strategic and operational matters of Eskom without any undue influence. Read more about:Eskom gives status update of the power systemEskom shares transmission development plan Edited by ESI Africa. Source: TAGSEskomSouth Africa Previous articleAbout Solar Power Africa 2020Next articleSolar meets South Australia’s total energy demand for first time Babalwa BunganeBabalwa Bungane is the content producer for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast. “Subsequently, the Eskom board at its July 2020 meeting, adopted the report of this Senior Counsel and expressed its support for the CEO.  RELATED ARTICLESMORE FROM AUTHOR “As government, we remain committed to clean governance and we have confidence in the capabilities of the current board at Eskom. We believe we have appointed a board that is competent, experienced and capable of implementing clear mechanisms to hold executives accountable,” said Mabuza. According to the Deputy President, in the wake of the allegations, the Eskom board instituted an independent investigation, and appointed Advocate Wim Trengove SC to investigate the matter.  “As a matter of course, government exercises its oversight role through the Department of Public Enterprises, guided by the shareholder compact.  AFD and Eskom commit to a competitive electricity sector Generation Mabuza said: “For the record, Advocate Trengove’s report has been made available for our perusal, and we have no basis to doubt its fairness or the integrity of the investigation process as conducted against the CEO, with respect to the allegations made.  Low carbon, solar future could increase jobs in the future – SAPVIA Sign up for the ESI Africa newsletter BRICS UNDP China, CCIEE launch report to facilitate low-carbon development This is in relation to allegations made by a board member that De Ruyter misled the board in a March 2020 meeting, which led to the cancellation of an R5.2 billion fuel oil contract with the black-owned company, Econ Oil & Energy Ltd.  Eskom CEO, André de Ruyter last_img read more

Great and good

first_imgGet your free guest access  SIGN UP TODAY Subscribe now for unlimited access Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community To continue enjoying, sign up for free guest accessExisting subscriber? LOGIN Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to industry news as it happensBreaking, daily and weekly e-newsletterslast_img read more

Volga-Dnepr ready for market challenges

first_imgAccording to Vekshin, the group is well positioned to meet any coronavirus-related cargo capacity shortages. In late January, the company started to anticipate the complications that the virus would cause in terms of how to protect crew and make sure equipment was properly sanitised.In terms of capacity, the airline group currently operates 16 Boeing 747s, eight AN-124s and three IL-76s across AirBridgeCargo (ABC) and Volga-Dnepr. It previously operated 21 B747s but this has been reduced in line with the market conditions at the end of last year.On the market this year, Vekshin said that there was not an unexpected spike in westbound demand after factories in China started to re-open following an extended New Year break. However, things have been picking up over recent weeks.In the opposite direction, however, there had been an early increase in demand to meet requirements for medical products in China.“We are now seeing more and more cargo coming in both directions,” he said. “And we are anticipating additional demand in relation to outbound cargo. We are also anticipating what is going to happen in Europe over the coming weeks.“We are ready and will unleash our entire fleet to help our customers and continue to support the bridges that we have been building over the last 30 years.”He added that while demand has not reached the level of the US West Coast container port strikes of a few years ago, enquiries continue to roll in and forwarders are being proactive.“Customers are contacting us and we are explaining what sort of availability we have, our reaction times, the specifics of the type of cargo we are going to move, whether that is related to coronavirus directly – like bare essentials or even fully assembled mobile hospitals – or spare parts, assembly parts or components.”While the group is ramping up the availability of aircraft for charter and reducing scheduled operations, Vekshin said this reflects customer requirements. He explained that over the past year, the market has become more ad hoc in nature and demand harder to predict.“The demands are very specific right now, reaction times need to be different, flexibility should be different. The decision to switch gears in the direction of dedicated charters, ad hoc flights, has been dictated by the market. Given our expertise, we have been doing well managing all those short-term, short-notice requirements.”He added that ABC is still offering scheduled services and when the market needs a more predictable capacity provision, it will ramp this operation back up when the market is ready.On recent reports that the group has been re-negotiating with suppliers, he said this is perfectly normal. “It makes sense to touch base [with suppliers] every now and then to see where you are and what you can expect from each other under the circumstances.“We have all become part – almost overnight – of this force majeure driven world, it does make sense to stay on the same page and it is always advisable to see what our options may be.”This article has been taken from Air Cargo News.www.volga-dnepr.comlast_img read more

Blues announce signing of left-back Luis

first_imgSee also:Costa had a poor World Cup but is ideal for Mourinho’s Chelsea Follow West London Sport on TwitterFind us on Facebook Chelsea have finalised the signing of Brazilian left-back Filipe Luis from Atletico Madrid.The 28-year-old has moved to Stamford Bridge for an undisclosed fee – reported to be in the region of £16m – and has signed a three-year contract.He becomes the second player to join the Blues from Atletico this summer, with striker Diego Costa having also swapped La Liga for the Premier League.AdChoices广告Luis, seemingly a direct replacement for Ashley Cole, who recently signed for Roma, has won four caps for Brazil but was not included in their World Cup squad.last_img