Eskom says its technicians are busy trying to restore power to the 15 thousand customers affected by the storm that hit New Hanover in the Midlands yesterday. Only 3 906 customers, in Mpolweni, still remain without electricity. The power utility says these customers are fed through structures and lines that are down, so restoration will […]

Eskom says the power system remains constrained and vulnerable and the probability of load shedding remains for the week ahead. Good progress has been made over the weekend to replenish diesel for open cycle gas turbines and to increase water levels at the pumped storage schemes. Eskom says although the objective is not to implement […]

Eskom warns that the electricity system is severely constrained today and will remain so until at least Thursday. This is as a result of the unexpected loss of some generation units over the weekend. Load shedding is not expected at this stage, but may be necessary at short notice. Eskom says the system remains vulnerable […]

The Congress of South African Trade Unions says it is not surprised by the rating agency Moody’s decision to downgrade South Africa to negative. The agency changed its outlook on the country’s credit rating from stable to negative but has affirmed the BAA3 long-term foreign and local currency rating. Finance Minister, Tito Mboweni, has acknowledged […]

There’s high expectation for Finance minister, Tito Mboweni’s, medium-term budget statement before parliament this hour. But do you know what the Mid-term budget speech is all about? This budget speech basically sees the government lay out their financial plans for the next three years as well as revisiting issues discussed from the previous year. The […]

Energy expert, Ted Blom, says he is not very optimistic about Eskom. Public Enterprises Minister, Pravin Gordhan, has unveiled government’s long-awaited plan to save the power supplier, including exposing it to greater competition, lowering fuel costs and increasing renewable-energy output. The power utility supplies about 95 per cent of the country’s power and its current […]

By: Lethiwe Mdluli   The Cape Chamber of Commerce says the cost of treating all the 7.9 million people living with HIV in South Africa has become a problem that could soon be a bigger financial burden than the Eskom disaster. It says it costs R3899 to treat each patient for a year and if […]

By: Lindelani Mbatha   Deputy president, David Mabuza, says municipalities must ensure that they collect all debts owed by their residents. Mabuza had been answering questions from MP’s in the National Assembly. According to Eskom’s 2019 Integrated Report, the total debt owed to Eskom by municipalities is R19,9 billion, this indicates 71,7% of invoiced municipal […]

By: Bright Ntuli   Audit firm Deloitte has denied that it benefited from improperly awarded Eskom contracts. The power supplier wants the court to help it recover 207 million Rands paid to Deloitte that relates to contracts it received in 2016. Deloitte was apparently granted contracts when their prices were five times higher than those […]

By: Bright Ntuli   Eskom has issued court papers and filed an affidavit against Deloitte Consulting for the setting aside of contracts and the recovery of funds amounting to more than 207 million Rands. It says this relates to work improperly awarded during 2016. Eskom also calls for its former financial chief, Anoj Singh, and […]

By: Sanelisiwe Dlangamandla   Business Unity South Africa says government urgently needs to procure more electricity from renewable-energy producers. Eskom announced last night that phase one load shedding will be implemented today, but said later that it has to revert to phase two from noon till eleven tonight. More than 270 hours of blackouts contributed […]

By: Lindelani Mbatha Umengameli, uCyril Ramaphosa, uthi izakhamuzi kumele ziwukhokhele ugesi ukuze uEskom naye ezokwazi ukukhokhela izikweletu zakhe. uRamaphosa usho kanje ngenkathi ephendula imibuzo evela kumalunga omkhandlu wezifundazwe ephalamende iNCOP. u Eskom kumanje ukweleta imali elinganiselwa ku-R450 billion kanti baningi nomasipala abawukweleta izindodla zemali, omunye walabomaspala owase eNewcastle kuso lesfundazwe. uRamaphosa uthi imiphakathi kumele ikhokhele […]

By: Lindelani Mbatha Usihlalo webhodi lakwa Eskom, uJabu mabuza, uthi lenkampani ephakela ngogesi kuleli kubalulekile ukuthi ihlakazwe kathathu ukuze izosebenza ngendlela. uMabuza ubethula umbiko wonyaka wakwa Eskom ekomidini elibhekele ukusebenza kwezinkampani zikahulumeni ephalamende. iEskom kulonyaka ilahlekelwe yinzuzo ka-R21 billion wamarandi kanti uMengameli uCyril Ramaphosa wathi kumele ihlazwe kathathu okuzoba yi Generation, Transmission kanye neDistribution. uMabuza […]

By: Zilungile Mkhize Eskom’s Acting Group CEO, Jabu Mabuza, says government’s financial support remains important in addressing short-term liquidity concerns. Mabuza has told parliament’s portfolio committee on Public Enterprises that creating an energy plan for the power utility and the country remains critical in an ever-changing energy landscape. He adds that government’s financial support addresses […]

By: Lindelani Mbatha Eskom chairperson, Jabu Mabuza, says the power utility has made a net loss of R21 billion Rands after tax in the 2018/2019 financial year. Mabuza is briefing the Public Enterprises Committee on the company’s annual report in Parliament. On the 2017/2018 financial year Eskom made a net loss of R2.3 billion. Mabuza […]

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