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Eskom cash flow in the spotlight

Jeff Radeba says Cabinet is concerned about the disruptive effect of the recent power outages.

FILE: Minister in the Presidency Jeff Radebe. Picture: GCIS.

JOHANNESBURG - Minister in the Presidency Jeff Radebe says Eskom will be presenting a financial plan this month to determine how it will manage its cash flow beyond 2015.

During a post-Cabinet briefing in Pretoria today Radebe said Cabinet remained concerned about the disruptive effect of the recent power outages but that Eskom would be signing a memorandum of understanding today to ensure a regular supply of diesel.

"The focus will be to improve strategic maintenance and operational efficiency to ensure that the levels of efficiency are increased."

A technical team will also ensure other interventions are implemented, such as co-generation opportunities.

Earlier this morning, the power utility said there would be a high risk of load shedding today and tomorrow as diesel supplies were running out.

The utility implemented rolling blackouts for three consecutive weekends and again on Monday due to several problems at existing power plants.

It warned that until more power generating stations were brought online, load shedding would be a reality for South Africans.

Today Radebe also emphasised the need to turn around the state-owned entities of Eskom, South African Airways (SAA) and the South African Post Office.

He announced SAA would now fall under National Treasury and not the Department of Public Enterprises and that Deputy President Cyril Ramaphosa had been appointed to deal with a turnaround strategy for these entities.

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