There are competing ideas about how to save the power utility, but it is time for decisions
Solar and wind farms on shuttered coal mines in Mpumalanga would liberate us from Eskom
There’s a climate crisis. Eskom, whose plants burn carbon-producing coal, is in a financial crisis. It’s time to disrupt policy inertia
COMMENT If you’re a global mining giant, you want out of coal quick sticks for the simple reason that the major investment funds will no longer put their money into fossil fuels, especially coal. Global funds have announced that their collective $11-trillion under management will no longer fund investments that contribute to the climate catastrophe […]
When the wannabe buyer and the seller of a mine got together with the mineral resources department, criticism of advantage followed
The numbers were up, by 3.1% from the first to second quarters, largely because Eskom kept the lights on
The treasury has mooted selling the utility’s coal-fired stations, but this doesn’t mean privatisation
Despite the depressing economic climate, South Africa can avoid the debt trap and foreign investors can easily access its markets
It was never in the public interest to incur a debt of $3.75-billion to build coal-burning Medupi
Low fees are attracting investors to a range of listed exchange-traded products
Local and global factors — including the Eskom bailout and US-China trade tensions — are weighing on the appetite for government debt
Trade unions disagree with key policy decisions, and won’t budge even as the state-owned power utility’s dire finances threaten the economy
The current electricity pricing policy rewards the power utility for inefficiencies. Fix it and the state-owned entity will have a chance to recover
Eskom has the whole economy in a death spiral
Nowhere is this more apparent than in this week’s jobs numbers. The unemployment rate is justifiably described as a crisis.
The appointment of a chief restructuring officer is a positive step, but it is not a silver bullet for the power utility’s debt burden
SAICA CEO Freeman Nomvalo will head up team to help Eksom reorganise its operational and funding structures
The decision comes a day ahead of Eskom’s financial results announcement, which is expected to reveal record-breaking losses
The air in South Africa’s biggest city is the country’s most polluted, playing havoc with health, so move to Cape Town
The additional R59-billion over two years for Eskom comes on top of slowing tax revenues and will require government to revise its funding plans
The additional fiscal support comes as Eskom is weighed down by debt and is expected to report losses of R20-billion in upcoming financial results
‘As former president Jacob Zuma sat at the Zondo commission this week, many South Africans were left feeling distrustful ourselves’
Eskom has said that it cannot afford to meet the legal levels and that some of its plants will need to run until the early 2030s.
The financial sector must recognise that including environmental, social and governance concerns in its allocation decisions can be good for business
Blurb: Read the July 5 to 11 edition of the Mail & Guardian
This last Sona has been widely criticised for, among other things, lacking precision and detail
The power utility’s former CEO will argue that lower judges were wrong to rule that he is received an unlawful benefit
The lack of detail on issues like Eskom’s restructuring, and the vulnerability of Ramaphosa’s plans to ANC infighting will weigh on reform efforts
Presidents promises work on the troubled power utility, but the real work will be left to the next budget speech
Implementation is the key focus for President Cyril Ramaphosa, who admits there are limits to what can be delivered due to state of public finances
The Gupta-linked company has been ordered to repay embattled power utility Eskom
A Greenpeace report outlines ways Eskom can adopt green technology and save itself financially