Jabu Mabuza

Economy weakens as Eskom continues loadshedding

South Africa’s growth outlook dimmed when utility Eskom announced unprecedented levels of blackouts. The power utility cut up to 6 000 megawatts of power from the national grid after heavy rain and flooding triggered failures at its Medupi power station. The cut is the largest since Eskom introduced a programme of rolling[…]

Read »

Eskom paints gloomy picture as profits shrink

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[…]

Read »
WhatsApp WhatsApp us
Wait a sec, saving restore vars.