The risk of load shedding remains high for Wednesday as the system is still “tight and vulnerable”, Eskom has said. Load shedding will only be implemented if absolutely necessary, the power utility added. The last round of load shedding occurred in February. On Monday Minister of Public Enterprises Pravin Gordhan,[…]
Snehal Nagar and Gert Opperman of Eskom’s Primary Energy Division will testify before the Commission of Inquiry into State Capture when it continues in Parktown, Johannesburg on Monday morning. On Monday, Eskom’s Funding Execution specialist, Sincedile Shweni, agreed that Chinese asset management company Huarong circumvented Eskom’s tender procurement process and[…]
EFF leader Julius Malema says the recent load shedding was a deliberate plan by government to justify electricity price hikes and the privatisation of Eskom to benefit a few individuals connected to the governing party. Malema attended a court case in Newcastle in northern KwaZulu-Natal on a charge of contravention[…]
DA leader Mmusi Maimane says public resources have been looted by ANC politicians in many municipalities. He led a picket to the Free State Premier’s Office to hand over a memorandum demanding the provincial government to take immediate action against municipalities that have failed to pay Eskom. Maimane says the[…]
Finance minister Tito Mboweni’s first National Budget came with no real surprises or shocks. Given the pressure-cooker that is state finances, especially those of struggling power utility Eskom, it appears to be a well-balanced act. Government’s central economic policy goal remains to accelerate inclusive growth and create jobs, said the[…]
Eskom will be at the top of the agenda when Finance Minister Tito Mboweni unpacks his 2019 budget speech on Wednesday. The state owned power entity is in a serious financial crisis and could run out of money by April. President Cyril Ramaphosa in his State of the Nation Address (SONA) announced the unbundling of[…]
Members of the National Assembly will have a debate on the woes of Eskom next week in Parliament. The Democratic Alliance (DA) requested the debate over the power utility battling to keep the lights on as well as an announcement by President Cyril Ramaphosa that Eskom will be unbundled into[…]
As Eskom battles with a staggering debt of R435 billion, concerns have been raised about the impact of nationwide load shedding for businesses, including potential job losses. This debt figure was announced by Public Enterprises acting director general Thuto Shomang on Wednesday, who said it represented 15% of South Africa’s[…]
Eskom will implement stage 2 load shedding on Thursday between 08:00 and 22:00, the fifth consecutive day of rotational power cuts. Stage 2 load shedding allows for up to 2000 MW to be shed from the national grid. The power utility said in a statement there had been some improvement[…]
Eskom is technically insolvent and at the current trajectory it will not survive beyond April 2019. Acting DG of the department of public enterprises Thuto Shomang told MPs on Wednesday morning that Eskom’s R420bn debt burden represents 15% of the sovereign’s debt and that if the power utility defaults on[…]
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