Tag: Eskom
Managing conflicts of interest must be a priority
The media reports are full of such stories; albeit cheating in sports, State capture, wide-scale corruption at governmental, provincial, municipal, parastatal, corporate and the...
Should financially distressed ESKOM cease to trade?
State owned enterprise ESKOM is insolvent and illiquid such that its ability to meet operational costs and long-term debt obligations appears unlikely.
The Institute for Accountability in Southern Africa (Accountability Now) is questioning how ESKOM is to continue to trade in the present circumstances which would, in Accountability Now’s opinion, be contrary to section 22 of the Act on any reasonable interpretation.
SA’s SOE’s ripe for rescue!
As State Owned Enterprises (SOEs) continue to struggle under severe financial pressure, perhaps it is time for them to consider business rescue to alleviate continued financial distress and to avoid potential personal liability of directors who continue to run these companies and rely on the inevitable call up of a government guarantee.
Organisations need ethics disaster management plans
Professor Leon van Vuuren | Executive: Business and Professional Ethics | The Ethics Institute | leon.vanvuuren@tei.org.za | www.tei.org.za |
Recently, several prominent and previously reputable organisations...
When to quit as a director?
With the financial and governance issues that have affected the reputation and financial health of companies such as Eskom and Oakbay Resources and Energy...
Embracing Chaos – Do Troubled Times Favour the Bold?
When things look their bleakest is when mighty business empires are formed.
When the headlines are full of #GuptaLeaks, credit rating agencies, US President Donald...
Molefe vs Gordhan
The [fake] case of state protection failing employment justice?
Given how I have spent the last twenty or so years of my career, I tend at second blush when evaluating individuals in their careers to view them through an employment relations lens (and with those higher profile employees a bit of governance oversight thrown in).
S&P ratings downgrade unscheduled!
On 3 April 2017, Standard and Poor’s Ratings Services decided to cut South Africa’s international credit rating from BBB- to BB+.
A rating of BB+ is considered below investment grade (sometimes referred to as "junk status”). Unfortunately, the negative ratings outlook was also retained, suggesting that S&P could revise the country’s credit rating lower at year-end should the fiscal parameters deteriorate significantly.
