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
The Northern Works sewage plant could generate 4.2MW of power but is operating at 20% capacity
Eskom failed to comply with the Broad-Based Black Economic Empowerment (B-BBEE) Act when it granted a tender for the Duvha power station in Mpumalanga
The commission found that the power utility granted a Chinese entity a tender in contravention of the B-BBEE Act
Government is being sued by environmental activist groups who say it is infringing on residents’ right to clean air
In the past week, factions have used Jarana’s resignation as a tool in a bid to shake the powers of Public Enterprises Minister Pravin Gordhan
StatsSA released South Africa’s economic output on Tuesday with the main contributors to the collapse being manufacturing, mining and agriculture
Analysts approve of the choice of finance and public enterprise ministers, but worry about energy and water
State support of Eskom and other parastatals places the financial sector’s stability at risk
The 1 064 locomotives were meant to upgrade and modernise Transnet’s fleet, but the contract has been dogged by allegations of corruption
The utility is once again in need of a leader who must achieve the near impossible
Phakamani Hadebe is the latest in a series of leaders for the embattled utility, and will bow out at the end of July
Mohammed Mahomedy was appointed in May 2019, taking over from Tau Morwe, whose contract was not extended