Daybreaker | Karpowership got 'red carpet treatment', rival claims in court challenge

All that glitters: How state capture hobbled Alexkor

A snapshot of the day's business and economic news.

AHMED AREFF, FIN24 DEPUTY EDITOR

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DNG Energy, a local power company that lost a bid for a contract to supply emergency power, has said it was wrongly disqualified while its rival "got the red carpet treatment" as its court case to reverse the results of the tender kicked off in the Pretoria High Court. 
 

The court challenge deals with the government's Risk Mitigation IPP Procurement Programme (RMIPPPP), a project to quickly add new power to SA's grid to cut down on load shedding. 
 

After DNG was not named among preferred bidders in March, it turned to the courts, claiming the tender process had been corrupted by shady backroom deals to favour floating powership provider, Karpowership SA.
 

Karpowership SA, which won the lion's share of the emergency power contacts, has denied DNG's allegations. It has accused its rival of holding the emergency power process "hostage" by launching the court challenge.

Alexkor, the state diamond mine at the mouth of the Orange River, "has been destroyed by corruption and state capture", its miners say.

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Environmental lawyers have put forward that Shell does not have the environmental authorisation as required under the National Environmental Management Act to allow the oil and gas company to go ahead with a seismic survey off the east coast.

The SA Revenue Service will seek leave to appeal a high court ruling ordering it to supply the tax records of former president Jacob Zuma to two media organisations.

Since Discovery implemented a mandatory vaccination policy, 94% of its staff have vaccinated. Staff vaccination rate stood at only 22% when the company implemented its policy.

Aspen will manufacture and sell its own branded Covid-19 vaccine in Africa, following an agreement with Johnson & Johnson.

While Cosatu is supporting government's movement towards mandatory vaccinations, public-sector unions are against.

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