Eskom's Qoma calls Minister Lynne Brown a liar

Minister of Public Enterprises Lynne Brown

Martins has denied he had been present at the meeting and Eskom has distanced itself from the statements made by Daniels and its reputation manager and GM in the chairman's office, Khulani Qoma.

On Tuesday Eskom Board Spokesperson, Khulani Qoma, said the parastatal oozes unsafe corporate arrogance and top executives are associated with the Guptas.

In his testimony in Parliament Qoma said Brown has been lying all the time and Khoza once told him the minister was captured by the Guptas. He added that both Singh and Koko had a history of reporting to the Guptas.

"She has gone to the ends of the earth to say she is not wet, yet she is right in the middle of the water", he said.

Eskom chair Zethembe Khoza said on Tuesday that the way Qoma spoke about Brown at the inquiry was "not part of the Eskom culture".

Qoma's attack on Brown came a day after Eskom admitted it was broke and needed billions of rand to get out of financial trouble.

Dems renew calls for gun control in wake of Texas church shooting
Plates were priced at $10, but Ritch said dozens of people came through the line and paid more for to-go orders. "So they may not be visible, but they are there".

"She lies and she lies". The minister needs to sit here and account because this mess would not have been possible if she was capable. According to Qoma, she did nothing about Trillian's dubious dealings with Eskom. "She is totally incapable", he said.

He said Brown had lied about her relationship with Trillian, formerly owned by Gupta lieutenant Salim Essa, because she had been embarrassed by media reports. Instead, Brown put "her head down and hoped everyone would forget".

"You can't have the best board and best executives when you have an atrocious shareholder".

This came after Qoma accused Brown of lying and the continued woes at the power utility company.

Qoma described the debacle in which Eskom allowed disgraced Molefe to retire on a full pension of R30 million at the age of 50 after he was implicated in state capture by former Public Protector Thuli Madonsela as a "well-orchestrated Ponzi scheme".

He said that Molefe's return to Eskom in early January was "devastating" for the power utility because "it tainted the image of Eskom".

Related:

  • Tracking Shares of American Axle & Manufacturing (AXL) — Technical Focus

    Price-To-Cash-Flow-Ratio is a term that indicates the degree of cash flow valuation of the enterprise in the securities market. Joseph Piotroski developed the F-Score which employs nine different variables based on the company financial statement.
    This 10-year-old unlocked his mom's iPhone X using Face ID

    This 10-year-old unlocked his mom's iPhone X using Face ID

    The company's researchers said that the iPhone X's fingerprint sensor was the most secure biometric security feature. Malik demonstrates the unlocking in a clip above with his mother, Sana Sherwani - complete with a dab at the end.
    UP: Sri Sri Ravi Shankar meets Yogi Adityanath ahead of Ayodhya visit

    UP: Sri Sri Ravi Shankar meets Yogi Adityanath ahead of Ayodhya visit

    Meanwhile, the Supreme Court will hear the case on December 5, a day before the 25th anniversary of the Babri Masjid demolition. In 2010, the Allahabad High Court had accepted the disputed site in Ayodhya as the birthplace of Lord Ram.
  • EPS for Navios Maritime Holdings Inc. (NM) Expected At $

    The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. The price to book ratio or market to book ratio for Navios Maritime Midstream Partners L.P. (NYSE:NAP) now stands at 0.657036.

    Checking the Overall Picture for AK Steel Holding Corporation (AKS)

    The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . The expected X's profit could reach $105.06M giving the stock 11.11 P/E in the case that $0.60 earnings per share is reported.

    Occidental Petroleum Corp (OXY) Ownership Decreased by Sound Shore Management Inc

    It worsened, as 82 investors sold OXY shares while 326 reduced holdings. 72 funds opened positions while 315 raised stakes. BofA/Merrill upgraded coverage for the stock on 15/03/2017 and Credit Suisse issued a upgraded the stock on 14/03/2017.
  • Stock Performance to Track: Best Buy Co., Inc. (BBY)

    LS Investment Advisors LLC raised its position in shares of CoreSite Realty Corporation by 4.6% during the 2nd quarter. Pioneer Investment Management Inc added to its holdings by buying 118,096 shares an increase of 12.1% in the quarter.
    Airbus wins biggest jet order from Indigo Partners

    Airbus wins biggest jet order from Indigo Partners

    Emirates now relies exclusively on the Airbus 380 and the Boeing 777 for its flights, making it the largest operator of both. The Indigo Partners deal is the single largest order by number of aircraft that any individual plane maker has received.
    Razer unveils new water-resistant keyboard

    Razer unveils new water-resistant keyboard

    The higher the number, the better, with the highest number being 7 for dust protection and 9 for water resistance. Approximate size: 203 mm/7.98 in. (Width) x 60 mm/2.36 in.
  • Featured Stock Overview: The Trade Desk, Inc. (TTD)

    The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . In the most updated research from a number of analysts on Wall Street, the company gets 12 Buys and 0 Sell among 18 analysts.
    Dcc Plc's (DCC)

    Dcc Plc's (DCC) "Overweight" Rating Reaffirmed at JP Morgan Chase & Co

    Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Barclays PLC restated an "equal weight" rating on shares of AVEVA Group plc in a research report on Thursday, October 12th.
    Sam Mendes exits Pinocchio movie

    Sam Mendes exits Pinocchio movie

    Disney is now working on several live-action adaptations of several of their properties including Dumbo, The Lion King , and Aladdin .

Comments

Latest news

Sachin Tendulkar makes Test debut for India
That was also the year when he broke the 200-run barrier in ODIs, becoming the first ever to to do so in limited overs cricket. Twenty-eight years ago on November 15, 1989, Tendulkar made his India debut in a Test against archrivals Pakistan in Karachi.

The Zynga Inc. (ZNGA) Receives Outperform Rating from Wedbush
The stock is now moving above its 20-Day Simple Moving Average of 0.72% with a 50-Day Simple Moving Average of 1.79 percent. Zynga Inc . ( ZNGA ) is an interesting player in the Technology space, with a focus on Multimedia & Graphics Software.

Zimbabwe military denies coup, says President Mugabe safe
Earlier, heavy gunfire was heard in the Harare suburbs near to Mugabe's compound as the crisis in the African nation intensifies. Workers were told that they "should not worry", a source added, and that soldiers were only there to protect the site.

Pulling Back the Curtain on Essex Property Trust, Inc. (NYSE:ESS)'s Returns
After $2.98 actual EPS reported by Essex Property Trust Inc for the previous quarter, Wall Street now forecasts 0.34% EPS growth. Following the completion of the sale, the director now owns 4,986 shares of the company's stock, valued at $1,333,206.54.

HTC has presented a VR-helmet with 6 levels of freedom
For some time, they said that the project will consistently happen, but now it seems like entire project has been cancelled. There is no need to set up sensors when using the headset.

Palladium Partners LLC Sells 2776 Shares of Johnson & Johnson (JNJ)
Bush Odonnell Investment Advisors Inc holds 4.43% of its portfolio in Northern Trust Corporation for 73,892 shares. Lbmc Investment Advisors LLC raised its position in shares of Johnson & Johnson by 0.4% in the 1st quarter.

How early is too early to put up Christmas decor?
There's little to no exclusive Thanksgiving music, no tradition of gift-giving and it certainly isn't a cross-cultural holiday. The sky is the limit when it comes to making your own decorations, and you can have your own personalized ones as well.

Big-rig crash blocks lanes on I-80 in San Pablo Tuesday
Authorities have reopened northbound lanes of Interstate 5 following a multi-vehicle crash that killed a man early Tuesday. The CHP issued a Sig Alert for severe traffic around 8:20 a.m., because all lanes but the far left one were blocked.

Senior Housing Properties Trust (SNH) Given "Buy" Rating at B. Riley
November 3 investment analysts at SunTrust Banks maintained a company rating of "Buy" targeting a price of $15.00. (NYSE:MPW). As of the end of the quarter Mirae Asset Global Investments Co., Ltd. had sold 7,101 shares trimming its holdings by 6.7%.

Las Vegas murder suspect added to FBI's 10 most wanted list
Anyone with information about Munguia's whereabouts was asked to call the FBI at 1-800-CALL-FBI (1-800-225-5324). Munguia has ties to Southern California especially Los Angeles and Bakersfield.

Lookout for Relative Strength Index: Barrick Gold Corporation (NYSE: ABX)
After $-0.12 actual EPS reported by Everbridge Inc for the previous quarter, Wall Street now forecasts 25.00% negative EPS growth. Neuberger Berman Group LLC acquired a new position in Barrick Gold Corporation in the second quarter valued at about $161,000.

The Charles Schwab Corporation (SCHW) Shares Bought by WCM Investment Management CA
WCM Investment Management CA owned 0.07% of The Charles Schwab Corporation worth $42,949,000 as of its most recent SEC filing. It is negative, as 54 investors sold KSU shares while 170 reduced holdings. 19 funds opened positions while 30 raised stakes.

Whiting Petroleum Corporation (NYSE:WLL) Sees The Needle Move on Volume
Hotchkis & Wiley Capital Management LLC raised its stake in shares of Whiting Petroleum Corporation by 44.8% in the third quarter. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued.

Applied Materials, Inc. (AMAT) Given "Buy" Rating at B. Riley
The forward P/E of Applied Materials, Inc.is at 15.39 signifying the uses of estimated net earnings over the next 12 months. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock.

Xi's Vietnam visit highlighted in Chinese media
China and Vietnam issued a joint declaration on Monday as Chinese President Xi Jinping wrapped up his state visit to Vietnam. After the meeting, the two leaders witnessed the signing of a cooperation deal between the two foreign ministries.

Other news