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Former chief justice Sandile Ngcobo has delivered a damning arbitration ruling in fight over Karpowership’s BEE shares, calling the shareholders’ agreement “oppressive” and “so unreasonable as to offend the core foundational value of equality”. ....
'Biased, oppressive, unreasonable': Karpowership owner slammed for discrimination against BEE partners news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
Karpowership’s local empowerment partners have hauled the Turkish company to court to prevent being kicked out of the deal amid claims they were offered millions to sell their shares to a mystery partner who turned out to be businesswoman Anna Mokgokong. ....
New consortium scores big in South Africa’s floating power station deal 7 May 2021 Powergroup SA a consortium comprising four companies, which is in partnership with Turkish Karadeniz Energy Group was registered with Companies and Intellectual Property Commission only on 15 May last year. The South African consortium holding a 49% share of the controversial 20-year Karpowership SA floating power station deal announced in March by Minerals and Energy Minister Gwede Mantashe was formed less than a year ago. Powergroup SA a consortium comprising four companies, which is in partnership with Turkish Karadeniz Energy Group was registered with Companies and Intellectual Property Commission (CIPC) only on 15 May last year. ....