Zuma’s lawyer accuses state capture commission of being condescending, unfair
Local
-
Mashaba ‘negotiating’ private electricity deal for City of Joburg
Herman Mashaba says the City of Johannesburg is working to strike a deal with the Kelvin power station, which is an independent power producer.
-
Eskom promises to restore power to parts of NW after heavy rains
The power utility said the affected areas included Coligny, Lichtenburg, Ventersdorp, Bloemhof, Mimosa and surrounds.
-
Output at Amplats hit by Eskom power cuts
Eskom cut power across the country in February and March as low coal supplies, a severe cash crunch, and multiple failures at its ageing fleet of power stations throttled supply.
-
Molefe's options limited in bid to keep R30m Eskom pension
Former Eskom chief executive Brian Molefe has only the Constitutional Court to turn to in a bid to keep his R30 million rand pension pay out but his chances of success are slim.
-
Molefe just can’t win: Another court orders him to pay back the Eskom money
This is the third failed challenge of the order that set aside his pension agreement and ordered that he pay back the R11 million already doled out to him.
-
Gordhan: Eskom will continue to need short-term bailouts until it's stabilised
Public Enterprises Minister Pravin Gordhan said that more extensive future plans for the utility will only become clearer in May.
-
Gordhan: Eskom not about to collapse
At the weekend, it emerged that the government rushed to make R5 billion available to the cash-strapped utility much earlier than expected.
-
Energy expert Ted Blom: Time running out for Eskom
Energy expert Ted Blom says that no bailouts will assist Eskom if the operational structure of the company doesn't change.
-
Eskom 'unaware' of Maria Ramos heading planned unbundling
In an attempt to stabilise Eskom, President Cyril Ramaphosa announced in 2018 that the power utility would be split into three parts.
-
Public Enterprises Dept: Eskom not on the verge of financial ruin
This despite the power utility having to turn to government to secure a R17.6 billion lifeline after the China Development Bank loan failed to come through.
-
Maria Ramos tipped to take over Eskom unbundling process – report
The ‘Sunday Times’ reports that Ramos is favoured to be appointed the chief reorganisation officer to lead the process of unbundling Eskom into three components.
-
DA’s Alf Lees says Eskom is on the brink of collapse
The DA MP says Eskom’s money problems are worsening each day and the government's turnaround strategy for the power utility is not working.
-
Govt brings forward Eskom bailout to avert default
The fact that the first tranche of the bailout had to be brought forward highlights the precariousness of Eskom’s financial position.
-
Eskom could have defaulted this month - finance ministry
South Africa’s finance ministry authorised the transfer of R5 billion to struggling state power firm Eskom on 2 April 'to avert a default by Eskom on its obligations,' according to a finance ministry report to parliament seen by Reuters.
-
What investors' concerns are about SA's economy ahead of polls
702 host Bruce Whitfield spoke to Colin Coleman from Goldman Sachs, and the COO at Business Leadership SA, Busisiwe Mavuso, about investors’ concerns ahead of the 8 May polls.
-
Power shortages could cut 2019 GDP growth - Sarb
The review dimmed hopes for the economic rebound promised by President Cyril Ramaphosa and comes less than a month before national elections.
-
Moody's again warns SA of growing debt
Moody’s was the last of the big three ratings agencies to give South Africa an investment-grade rating, so markets are sensitive to any pronouncement it makes on the fiscal and economic strength of Africa’s most industrialised economy.
-
Eskom cable thieves sentenced to 20 years in jail
A court found Warda Ndira and Malwandi Ncokomvi guilty of damaging essential infrastructure as well as the theft of non-ferrous metals.
-
Eskom thanks SA for ‘understanding’ as grid remains vulnerable
The cash-strapped utility says it’s battling capacity shortages, due to problems at its power stations.
-
Eskom warns of high risk of stage 1 load shedding today
However, the power utility said in statement load shedding would only be implemented if absolutely necessary.
-
FF Plus’s Peter Marais: ANC’s affirmative action plans to blame for Eskom crisis
FF Plus premier candidate Peter Marais says white and coloured engineers at the power utility were replaced by lesser-qualified black professionals.
