City Power puts plan in place to turn around ailing entity after R5bn loss

Loading player...

The Auditor General (AG) says senior management of City Power failed to monitor internal financial controls resulting in irregular and wasteful expenditure amounting to about R5 billion. The power utility has received an unqualified audit opinion for the 2023/2024 financial year. The AG’s report paints a picture of financial mismanagement within the entity entrusted with providing electricity to most households and businesses in Johannesburg. Phemelo is in conversation with City Power CEO Tshifularo Mashava about the power utility’s plan to turn around ailing entity after R5 billion loss.

18 Mar 4PM English South Africa Education · Careers

Other recent episodes

Concerns raised over a humongous sinkhole in Krugersdorp

A growing sinkhole on the R563 in Krugersdorp, on the West Rand has become a serious danger for motorists, with Ward 39 councillor Gwen Blitz claiming that it has caused more than 10 accidents since February. To get answers on questions to this dangerous situation, Phemelo Motene invited Evert du…

5 Jun 4PM 29 min

IMPACT ON POV: Kgabo Cars

On today’s Impact feature we are joined by Isaac Boshomane, the owner of Kgabo Cars in Soshanguve township in Tshwane. Boshomane opened his business to provide opportunities to youth interested in car mechanics. The workshop, which has been operating since 2001 offers car services, repairs and maintenance and trains and…

2 Jun 4PM 20 min

International Wrap: US/RUSSIA/ISRAEL

Phemelo tracks a number of stories making international headlines with the Director at Riskrecon and former Diplomat Dr Kingsley Makhubela. The stories include US senators warning that Putin ‘is preparing for more war’ after talks with Zelenskyy and Macron and 31 Palestinians that have been killed heading to a Gaza…

2 Jun 4PM 20 min

Cradock Four inquest resumes after nearly 40 years of silence

More than 39 years after the murder of the Cradock Four and decades of unanswered questions, the third inquest into the deaths of the Cradock Four officially got under way at the Gqeberha High Court, in the Eastern Cape on Monday. The families of Fort Calata, Matthew Goniwe, Sparrow Mkhonto…

2 Jun 4PM 18 min

SCOPA concerned about ‘critical state’ of RAF

Parliament’s Standing Committee on Public Accounts (SCOPA) has raised concerns about the critical state of the Road Accident Fund (RAF), following the fund’s Chief Executive Officer Collins Letsoalo being placed on special leave. This as the Special Investigating Unit (SIU) continues its investigations into alleged tender irregularities, duplicate claims and…

2 Jun 4PM 21 min

All episodes