Eskom

Eskom has sent out a statement in which the flailing national power supplier calls itself “an organisation that has been the cornerstone” of the SA economy and prides itself in “95 years of powering the nation”. The company says it aims to ensure that universal electricity access is reached in[…]

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Eskom awaits the signing of a newly proposed deal

Two unions representing Eskom employees have in principle agreed to the power company’s revised pay hike offer. But the National Union of Mineworkers (NUM) and National Union of Metalworkers of South Africa (Numsa) have yet to sign the deal. Stop-start wage talks have been dragging on for months now. The[…]

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Unions refuse to accept Eskom’s wage offer

There’s still no end in sight to the protracted wage negotiations between Eskom and workers unions. This is despite trade union Solidarity accepting the company’s wage offer. NUM and Numsa are digging in their heels and are not budging. Eskom said its latest offer is final. Power supply has been[…]

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Workers want to meet Gordhan, Eskom board

Disgruntled Eskom workers want Public Enterprises Minister Pravin Gordhan to intervene in their protracted wage dispute with the power utility. Unions and Eskom were hunched around the negotiating table late into the night, failing to reach an agreement. The parastatal has offered a 7 percent increase and it’s looking for[…]

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McKinsey to repay Eskom R902-million and apologise

McKinsey will on Monday pay back R902-million of the R1.6-billion that Eskom awarded it in 2016‚ but will keep millions in interest it earned on the fee. The global consulting company will‚ through its new global managing partner‚ also make a public apology and “talk frankly” about how it handled[…]

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Eskom, unions back at negotiating table

It’s back to the negotiating table for Eskom and three trade unions, with wage negotiations set to resume on Friday. The power utility has upped its wage increase offer from zero percent to 6.2 percent for 2018. It’s also offering 6 percent for the next two years. Initially, Eskom said[…]

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Judgment expected in Gupta-linked Optimum coal case

The North Gauteng High Court is expected to deliver judgment in the Gupta-linked Optimum coal case. The company’s CEO wants the court to overturn the appointment of business rescue practitioners. The practitioners were appointed to run the Gupta-linked Hendrina coal mine in Mpumalanga. The mine has been the scene of[…]

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