An economist has warned that Standard and Poor’s (S&P) ratings downgrade of Eskom is almost certain to have a knock-on effect on South African consumers. The utility provider was unexpectedly downgraded to ‘junk status’ last week, motivated by a series of management suspensions within the company. The announcement has been[…]
The Eskom board wants its chairman Zola Tsotsi removed, City Press reported on Sunday. In a meeting on Thursday, all board members unanimously resolved to pass a motion of no confidence in Tsotsi, according to the paper. “All of them want him out,” a unnamed source close to the board[…]
Eskom would implement stage one rolling power cuts on Saturday. “Eskom will implement stage one load shedding from 9am, which is likely to continue until 10pm this evening,” it said in a statement. “This is due to a shortage of generation capacity as several units are currently out of service[…]
Eskom has terminated its contract for control and instrumentation works (C&I) with Alstom S&E Africa at its Kusile power station in Mpumalanga, the parastatal said on Friday. “With the support of both organisations, a consensual termination has been reached on a co-operative walk-away basis,” Eskom said in a statement. This[…]
Members of Business Leadership SA were meeting Deputy President Cyril Ramaphosa in Pretoria on Friday to make proposals regarding the energy crisis in South Africa. “We will benefit a great deal from the discussion with Business Leadership SA. They have a number of ideas and proposals,” Ramaphosa told reporters before[…]
South Africa’s energy crisis may well be greater than first anticipated, according to the Institute of Race Relations (IRR), who recently released a report detailing the extent of the country’s electricity shortfall. IRR’s policy bulletin, written by Andrew Kenny, an engineer and energy expert, deals with the Eskom calamity and[…]
The power system was constrained but stable on Thursday, Eskom said. “However, should anything unexpected happen, we may need to go into load shedding,” the power utility’s media desk said. “We urge consumers to use electricity sparingly throughout the day.” Eskom earlier said on its Twitter page that there was[…]
Power utility Eskom is racing to recruit as many skilled people as possible, regardless of their skin colour, Deputy President Cyril Ramaphosa said on Wednesday. Responding to questions in the National Assembly, he told MPs he was not aware of so-called “backroom”, race-based retrenchments taking place at Eskom, though there[…]
The payment of about R10.8 million in “incentives” last year to 10 top Eskom officials was challenged by the DA on Tuesday, with the party calling for the executives to pay back the money. The Democratic Alliance also wants Public Enterprises Minister Lynn Brown to explain to parliamentarians why the[…]
Parliament’s public enterprises portfolio committee is concerned at the suspension of four top Eskom executives, it said on Friday. “We register our concern regarding the stability and governance of the power utility, considering the current energy challenges facing the country,” committee chairwoman Dipuo Letsatsi-Duba said in a statement. On Thursday,[…]
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