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[…]
Eskom will continue with stage 3 load shedding on Wednesday between 08:00 and 23:00 as it continues to battle capacity shortages. The power utility said in an early morning statement that a number of generating units were still out of service due to breakdowns. It said despite some units returning[…]
South Africa’s state-owned oil company PetroSA is in talks with power firm Eskom to supply it with diesel to prevent further electricity cuts, PetroSA’s acting chief executive said on Tuesday, as national power cuts entered a third consecutive day. “A conversation has started between Eskom and PetroSA to potentially supply[…]
Eskom will implement stage 2 rotational load-shedding from 9am until 10 pm on Monday. On Sunday, the power utility implemented load-shedding for the first time since December. Eskom said the power system remains constrained following a number of plant breakdowns on Sunday. Eskom said the load-shedding is as a result[…]
The National Energy Regulator of SA (NERSA) began a series of nationwide public hearings on what South Africans will be paying for electricity on Monday. Eskom is requesting an additional 15% tariff increase for the next three financial years, amounting to a 45% price hike for consumers. NERSA is mandated[…]
With Eskom battling to keep the lights on, many South African households will suffer from load shedding at different times in the day. These blackouts may occur unexpectedly or when you least need it… here are some tips to make sure you’re prepared! Load shedding involves switching off parts of the[…]
Eskom has warned of a full day of load shedding on Monday, saying a number of power generating units are still out of service. The power utility had hoped to have enough generating units functioning to not have to ration electricity at the start of the week. Eskom spokesperson Khulu[…]
Power utility Eskom is currently facing coal shortages and maintenance backlogs. South Africa faces a dark festive season after Eskom announced loadshedding will be implemented for the remainder of the year. Eskom deputy spokeperson Dikatso Mothae said the power stations are not operating optimally. “We’ve seen a lot of breakdowns[…]
Ratings agency Standard & Poor’s has kept Eskom’s credit rating below sub-investment grade. The power utility on Thursday evening issued a statement indicating that the ratings agency affirmed its foreign and local currency long-term ratings at CCC+, with a negative outlook. A CCC rating means that the power utility is[…]
Eskom has painted a gloomy picture of a company living beyond its means. The power utility announced its financial results for the six months to September. Plagued by corruption as part of the state capture project, Eskom is now struggling to keep head above water. CEO Phakamani Hadebe says he[…]
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