Eskom

Load-shedding moves to stage 3

Due to some improvements in generation capacity, load-shedding will be reduced to stage 3 until further notice, Eskom says. Repairs to damaged towers from Cahora Bassa in Mozambique were completed and restored to full capacity earlier this week. On Tuesday, the electricity utility said the enforced power cuts would move between[…]

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South Africa‘s economic outlook downgraded

Standard and Poor’s Global Ratings downgraded its outlook on South Africa to stable from positive, citing severe rolling blackouts. The rating agency says South Africa’s constraints on infrastructure and electricity supply could affect its economic growth. S&P has kept South Africa’s currency debt rating unchanged at sub-investment grade but has[…]

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Eskom appoints Calib Cassim as interim CEO

Eskom has announced the appointment of Calib Cassim as the power utility’s Interim Group Chief Executive Officer with immediate effect. In a statement, Eskom says that Cassim was appointed as its Chief Financial Officer in November 2018 after serving as acting chief financial officer from July 2017. This follows the[…]

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