Stefanutti has been unable to quantify the value of potential awards as the claims process continues, but had said in November it had secured payment of a combined R110 million since August 2021.
Kusile is the world's fourth-largest coal-fired plant and the largest dry-cooled power station, and has been beset by cost overruns, design problems, as well as been mired in corruption allegations. The station had an initial expected cost of R80 billion, which was revised several times, reaching an estimated cost of R234 billion in 2019.
his wife Mosima and his stepdaughter Koketso Choma were arrested due to corruption charges related to a contract with Swiss engineering company Asea Brown Boveri in 2015. totalling $327 million with the National Director of Public Prosecution in SA, the US Department of Justice, the US Securities and Exchange Commission, and the Office of the Attorney General of Switzerland related to Kusile.
_Business Scan from Construction mafias
_Business Is there money to Pay? Will the Company have to wait more than 30 days for Payment? I think that money will go to the new Government Preferred Ship building Project in Mpumalanga....
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Oil Drilling Plans Put South African Fishers, Fish Stocks at RiskTotalEnergies, the French energy giant, intends to drill up to ten exploration wells for oil and gas in the deepwater Orange Basin along the west coast, as well as conduct sonar surveys and vertical seismic profiling, among other operations. The explorations will span from 188 kilometres offshore to 340 kilometres from the coast, writes Liezl Human for GroundUp. Several public consultations were held in November from Hout Bay to Port Nolloth. Fishers in the small coastal town of Doringbaai say they are concerned about the impact the oil and gas explorations may have on their livelihoods. Doringbaai was home to about 1,260 people at the time of the 2011 census, but residents say this number has possibly doubled since then. The town relies mostly on fishing and the Doring Bay abalone farm at the harbour. "Oil and gas, and fishing cannot co-exist," says Fabian Mohammed, a fisher woman in Doringbaai. "Either you go into the ocean to catch fish or [you go] for oil and gas. But you can't do both." "Fishing has been our livelihood for generations ... We were born here and we work here," she says. "If they are coming to drill oil, who can guarantee there will be fish left in 15 years time? What kind of future do our kids have in Doringbaai?" Their plight is a snapshot of greater difficulties small-scale fisher face. Other mounting difficulties include declining fish stocks, climate change, the Covid-19 pandemic, and government oversight. Furthermore, fishing quotas imposed by officials have sparked violent protests in some regions.
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Business Maverick: US Stocks Climb; Treasuries Drop After BOJ’s Move: Markets WrapUS stocks climbed as shares of major technology companies rose and investors parsed data that showed Federal Reserve tightening is hitting the economy. Treasuries dropped after a sudden hawkish move from the Bank of Japan sent the yen soaring and raised expectations it would join its peers elsewhere in boosting interest rates.
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International Finance: Stocks fluctuate after S&P 500 snaps losing streak: markets wrapAsian equity benchmarks fluctuated on Wednesday while US share futures climbed after the S&P 500 snapped a four-day losing streak, providing a moment of respite in one of the worst years for stocks and bonds in more than a decade.
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Oil prices steady as drawdown in US crude stocks counters China Covid-19 concernsTop global oil importer's retreat from its zero-Covid policy nonetheless continues to constrain prices from moving higher
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Bank of Japan surprise pushes yen up and Asian stocks downTen-year bond yield allowed more space to move, signalling a possible tightening of ultraloose policy
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International Finance: Yen surges on yield-curve change; Asia stocks fall: markets wrapThe yen strengthened as the Bank of Japan said it would let benchmark bond yields rise further. Asian equities headed for a fourth day of declines amid investors concern on the global inflation outlook.
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