LIVE | AG will do real-time audits to prevent abuse of emergency procurement: Dlamini Zuma on energy disaster | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 162 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 68%
  • Publisher: 80%

Business News News

Business Business Latest News,Business Business Headlines

WATCH | Government briefs media on the National State of Disaster regarding electricity supply

Didiza says they are also considering financial solutions for businesses - blended finance for those who want to opt for alternative energy sources.Minister of agriculture, land reform and rural development Thoko Didiza says the regulations will ensure certain interventions that can make it possible for agriculture to continue to operate. Some include off-grid solutions, from investments by agricultural businesses, to continue with production.

"That is why the Auditor General will do real-time auditing. We have also said the accounting officers will have to report to Parliament, if they have used emergency procurement, according to these regulations, on a monthly basis. So we don't have anyone abusing these regulations."Dlamini-Zuma uses various examples of everyday businesses, salons, dress-makers who have been impacted by load shedding and why the government needs to shield businesses.

Earlier this month, Minister for Cooperative Governance and Traditional Affairs Nkosazana Dlamini-Zuma gazetted a new declaration of a national state of disaster. Eskom has announced that Stage 4 load shedding will continue to be implemented until 16:00 on Thursday.Stage 4 load shedding will then be implemented from 05:00 on Friday until 05:00 on Saturday, whereafter it will be reduced to Stage 3 until 16:00 on Saturday.A further update will be published as soon as any significant changes occur, Eskom said. Stage 3 load shedding will be implemented until 16:00 on Tuesday, after which Stage 4 will be rolled out until 16:00 on Wednesday.

"Sikonathi has been the catalyst in Eskom improving transparency and frequency of information sharing, dealing with several difficult media engagements during his tenure," said Eskom interim CEO Calib Cassim in a statement. He takes on the role with immediate effect, until further notice, the power utility said in a statement on Friday. Fears over corruption probes being halted at Eskom as Gungubele calls De Ruyter 'right wing'

"What is going on now is very problematic, I think people are really suffering. It's unacceptable but I do think we will get through it," he said.Blue Label says load shedding now hitting prepaid electricity demand, but it remains confident The interview, which was screened on eNCA on Tuesday and Wednesday evenings, led to De Ruyter's immediate departure from Eskom at the board's request. CEF hits out at De Ruyter for 'wild allegations' about Russian involvement in SA gas power plans

Eskom announced just before 22:00 on Wednesday night that it had reached an agreement with De Ruyter that his departure date will be 28 February, but he won’t be required to serve from 22 to 28 February.Finance Minister Enoch Godongwana tabled a bold Budget on Wednesday that will propel faster privatisation of the economy, suggesting private sector involvement in government-owned power stations, electricity transmission and distribution infrastructure, and rail and ports.

"The board further resolved that Mr de Ruyter will not be required to serve the balance of his notice period but that he will be released from his position with immediate effect. Acting GCE arrangements are being finalised with the shareholder minister and will be communicated shortly." The interview follows extensive media reports of tensions surrounding De Ruyter's tenure at Eskom and controversy regarding the circumstances of his resignation. Among other incidents, Mineral Resources and Energy Minister Gwede Mantashe controversially said Eskom was"agitating for the overthrow of the state".

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

National day of opportunity for the PresidencyZA crime syndicate to loot as they did with COVID!

Ooooh another briefing. Let us know when something actually happens !!

They create a disaster, then they declare a state of disaster! Doesn’t make sense. Surely the drafters of the Act never intended for it to be applied in this manner. A disaster is something that could not have been foreseen.

Nxa ba qalile ka lijokes bo Skop.

No need to brief us that you are going to steal funds

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

NEC XON launches Human Capital business unit - TechCentralPromoted | Traditional ICT talent search methods no longer suffice, the company says, as it unveils new focus area.
Source: TechCentral - 🏆 8. / 71 Read more »

US company eyes Telkom tower businessNew York-listed IHS Holding is weighing a bid for Telkom’s tower unit.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

MTN-linked IHS bids for Telkom’s African tower businessIHS Towers is the biggest Africa-focused tower company and has been acquiring assets in South Africa as the country prepares for a scaled rollout of a 5G mobile network.
Source: TimesLIVE - 🏆 28. / 59 Read more »

MTN-linked IHS bids for Telkom’s African tower businessIHS Towers is the biggest Africa-focused tower company and has been acquiring assets in South Africa as the country prepares for a scaled rollout of a 5G mobile network.
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Load shedding is slashing Woolworths' profits by R15m a month | BusinessWoolworths' first-half pre-tax profit rose by more than half and it nearly doubled dividends even as load shedding shaved off R15 million every month from local operating profit. | News24_Business _Business Due to the sale of their bags I'm sure...
Source: News24 - 🏆 4. / 80 Read more »