6.8.2019 08:19 am
The nominal estimated value of civil construction projects out to tender was up by 38.6% on a year-on-year basis in the second quarter.
The construction industry has received a sign of possible better times ahead, with the nominal estimated value of civil construction projects out to tender increasing by 42% in the second quarter of this year compared to the previous quarter.
That target is unrealistic and over-optimistic, energy experts agree, with one saying it could take up to 10 years to get the utility back on track.
The SOE’s CEO says the entity has initiated several forensic investigations into alleged fraud and misappropriation of funds.
Moyo pitched up for work on Wednesday morning despite the company suggesting they will not yet accept his return as CEO.
The move follows the announcement that Denel could only pay a certain portion of its employees’ salaries for June and July.
The South African car market continues to struggle as financially stretched consumers increasingly opt for older cars at lower price points.
‘The coal sector remains key to the country’s development and industrialisation,’ Minerals Council spokesperson Charmaine Russell said.
‘If government had to give us R100 billion, in a few years’ time we would be back to where we were,’ Hadebe said.
The court ordered for him to be temporarily reinstated and ordered the company to pay for his legal fees.
This comes after Finance Minister Tito Mboweni last week announced a R59 billion bailout for Eskom from government.
He will serve as acting group chief executive for the debt-ridden power utility for three months from August 1.
The Competition Commission in May said that it wanted large retailers to stop enforcing exclusivity clauses in their lease agreements.
The chief executive says it remains resolute in its purpose to be the continent’s most affordable and accessible retailer.
The panic about a possible sub-investment grade came after Moody’s expressed concern over the bailout of SOEs and the lack of growth in the economy.