Eskom tells investors it doesn’t need to approach govt for help, for now
According to Bloomberg, chief executive officer Andre de Ruyter and chief financial officer Calib Cassim told investors, in a call, that the company needs to raise R89 billion this year.
IIF urges SA to seek IMF funding, EFF rejects Mboweni finance suggestion
The Institute of International Finance said that it expected South Africa's economy to contract by 2.5% in 2020 but said that waning demand, travel restrictions and pandemic-related closures could lead to a deeper recession.
COVID-19: Mary Oppenheimer and daughters donate R1bn to Solidarity Fund
In a statement, Oppenheimer said that she and her daughters thought long and hard about where they could make the greatest difference and decided to support the humanitarian needs of everyone living in South Africa.
Eskom takes some units off grid to protect system
The utility on Thursday said these units were now available to return to service at short notice, should the need arise.
Ramaphosa calls on South Africans to pray ahead of lockdown
He's asked South Africans to use the time between 18:00 and 18:30 pm to observe two minutes of prayer, reflection or silent meditation.
Eskom not planning to turn your lights off during lockdown
However, the utility is warning it may review the situation with any shift in performance.
Researchers warn 1 million people could contract COVID-19 in 40 days in SA
They're warning government needs to intervene to prevent the country reaching a tipping point of 100 locally acquired cases of the coronavirus.
2 Eskom employees arrested for illegal connections
Eskom said the suspects were accused of using its transformer and other material to commit the crime in the north of Johannesburg.
Peter Moyo resigns from Nedbank board post
Peter Moyo has been battling with Old Mutual over his sacking since he was dismissed following a dispute over a conflict of interest in June 2019.
Coronavirus death toll passes 10,000 globally
The cases of infection around the world has risen to more than 245,000 with over 88,000 recoveries.
China reports zero locally transmitted coronavirus infections
China reported its first day of no new domestic cases since the outbreak started all new cases were imported from abroad.
Coronavirus: Bars, shebeens to close at 6pm
Under the new regulations which come into effect immediately, the establishments can only re-open at 9AM.
Pastor arrested for scamming congregants of R2m
Pastor Tumelo Mukheti allegedly conned his church members into handing over R1,500 each, promising them their investment would yield a handsome return.
Coronavirus: Italy on lockdown, SA increases efforts to contain the spread
All public gatherings will be banned, sports events including soccer matches are suspended, and movement is being severely restricted across the nation in a bid to contain the disease caused by the coronavirus.
UN concerned by revelations of forced sterlisation in SA hospitals
The Commission for Gender Equality released a report this week, which looked at over 37 cases in Gauteng and KwaZulu-Natal.
With adequate emergency reserves, Eskom not planning power cuts for today
The utility said its system held up sufficiently over the weekend and it was expecting the return of four generating units.
Eskom won't compromise on maintenance in the future, De Ruyter tells Scopa
Eskom CEO Andre de Ruyter said that maintenance would increase the likelihood of load shedding over the next 18 months but it would ensure a reliable and sustainable power fleet going forward.
Eskom says no rush hour respite for Friday, high chance of weekend power cuts
However, the utility said it hadn’t given up on the plan, which was aimed at easing severe congestion on the roads between 6am and 9am and then again between 4pm and 6pm.