Episode 305 -- Deep Dive into SAP FCPA Settlement
The details of bribery schemes are invaluable for learning how criminals think – bribery always requires some scheme to transfer money from the organization to fund bribery payments to a government official(s). Compliance...more
Last night the President of South Africa, Mr. Cyril Ramaphosa, announced a host of measures to address South Africa’s ongoing energy crisis....more
In March 2022, in response to bid window 6 of the renewable energy independent power producer procurement programme ("REIPPPP"), Eskom published the Generation Connection Capacity Assessment of the 2024 Transmission Network...more
On 29 April 2020, regulations were issued in terms of the Disaster Management Act 57 of 2002 that regulate how the country will operate under an Alert Level 4 (Regulations). The Alert Level 4 will be applicable from 1 May...more
Release of updated IRP imminent, says Radebe, as he allays coal producers' fears - Energy Minister Jeff Radebe has promised that the update of the Integrated Resource Plan (IRP), which reflects the government’s policy...more
Investec’s ZAR 1bn fund to buy up stakes in South African green power projects - The investment vehicle, set up with UK Climate Investments, wants equity in operating renewable energy projects....more
Bilateral nuclear agreement signed between Russians and Rwandans - Russian state-owned nuclear group Rosatom has announced that it has signed a memorandum of understanding (MoU) with the Ministry of Infrastructure of...more
CEO Dara Khosrowshahi is undoubtedly breathing a sigh of relief on news out of the UK yesterday that Uber will regain its taxi license in London—a “crucial victory for efforts by its new chief executive to revamp the...more
Weekly projects and energy updates in South Africa Limpopo’s coal-fired power station gets green light The government has flashed the green light again for a [new] multibillion-rand coal-fired power station in Limpopo, but...more
Do you recall the boycott of South Africa from the 1970s and 1980s as a lexicon of the global fight against apartheid? The boycott extended from business to sporting events and everything in between. The campaign was one of...more
New electricity generation: Eskom outlines transmission spending plans - Eskom plans to spend ZAR174.5 billion on its transmission and distribution network over the next 10 years, largely to improve reliability and...more
Kubayi sets 77c/kWh price cap and October deadline for signing of 26 renewables projects - Energy Minister Mmamoloko Kubayi stipulated that all the projects would be subject to a 77c/kWh tariff cap; a price point that...more
Weekly projects and energy updates in South Africa Electrification scheme in focus, says Eskom With 90% of South Africa now having access to electricity, the utility will now put special focus on the three provinces that are...more
Eskom given 30 days to meet NERSA requirements for 2018 tariff application - The state-owned utility is seeking a 19.9% hike from 1 April 2018, having been granted a 2.2% increase from 1 April 2017....more
Weekly projects and energy updates in South Africa Eskom urged to be less secretive with its operating data Eskom came under criticism at the National Energy Regulator (NERSA) subcommittee hearings for attempting to keep some...more
Weekly projects and energy updates in South Africa - Eskom’s chairman backs controversial chief financial officer - On the same day that a leading advocate published a scathing report adding to the mountain of evidence...more
Weekly projects and energy updates in South Africa - How Dongfang won ZAR4bn “cooked” Eskom tender - General Electric and Murray & Roberts have gone to court accusing Eskom of rigging a ZAR4 billion tender to go to...more
Weekly projects and energy updates in South Africa - Moody’s downgrades Eskom - Moody’s lowered Eskom’s credit rating to the second rung of junk status on Tuesday night....more
Weekly projects and energy updates in South Africa - EDF signs 420 MW hydro construction deal with Cameroon - On Tuesday, an agreement was signed between the French power utility Électricité de France (EDF) and the...more
Weekly projects and energy updates in South Africa - Medupi Unit 4 synchronised to national grid - In South Africa, Unit 4 of the Medupi Power Station Project in Lephalale, Limpopo, was synchronised to the national...more
Weekly projects and energy updates in South Africa Eskom faces intensified scrutiny over Molefe's reappointment Eskom is facing multipronged investigations into its reappointment of Brian Molefe as CEO, with Parliament’s...more
Weekly projects and energy updates in South Africa - Synposis of energy minister, Mmamoloko Kubayi budget speech - The energy minister reconfirmed that government will proceed with the signing of new nuclear power...more
DoE won’t appeal nuclear ruling, but Kubayi leaves door open for new nuclear determination ahead of IRP update - Energy Minister Mmamoloko Kubayi announced on Saturday that government would not appeal the 26 April ruling...more
Weekly projects and energy updates in South Africa - Too much money, not enough green projects in Africa - There is more capital than there are ready renewable projects in Africa, according to the African...more
Weekly projects and energy updates in South Africa - Government forced to shelve nuclear deal after court ruling - Government will have to shelve processes already underway to procure 9.6 GW of nuclear energy....more