The businessman, who died suddenly this week, leaves a long legacy of highly successful ventures
On his fourth appearance before the commission, the former Eskom CEO maintains he was tricked into sharing company information with a third party
On 31 July 2020, the Mail & Guardian published an article with the headline “Eskom cancels dodgy R100m tender”. The headline was false and no contract was ever cancelled between Eskom and IDS Africa as no tender was awarded for the maintenance of boiler tubes at Medupi Power Station. IDS Africa was not found guilty […]
A falling out between partners in the controversial R100-million contract to do boiler tube maintenance at Eskom’s Medupi power station is threatening to scupper the entire project. The Mail & Guardian has learned that a falling out between former Eskom chairperson Jabu Mabuza’s relative Nomvula Mabuza and her former partner Drazan Vrca has escalated to […]
Ramaphosa and his role model Nelson Mandela became presidents of South Africa in very trying times
South Africa has a slew of service-delivery problems, most notably in the water and electricity sectors. The time for promises is over: what the country needs is action
Eskom’s negotiators in a R100-million maintenance contract came back with a proposal to push up the costs
Eskom’s woes are often because of boiler problems at its power plants. R50-billion has been set aside to fix them, but some of the contracts are going to questionable entities
Treasury director general says the power utility needs to be fixed urgently
Trade unions disagree with key policy decisions, and won’t budge even as the state-owned power utility’s dire finances threaten the economy
Eskom has the whole economy in a death spiral
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
Phakamani Hadebe is the latest in a series of leaders for the embattled utility, and will bow out at the end of July
"One of the questions that I hear being asked most often, is: ‘Will I still have a job in this turnaround of Eskom?’," the memo from Hadebe read
The power plants have come in over budget and way behind schedule
The beleaguered utility has been paying vastly different prices to its various suppliers
Construction on the issue-ridden Medupi and Kusile power stations, which began in 2007 and 2008, will go ahead
Eskom treasurer Andre Pillay told the commission on Friday that Singh was seemingly determined to sign a term sheet in advance of the R25-billion loan
General manager for Eskom’s primary energy division Dan Mashigo will take the stand on Tuesday
Former head of generation at Eskom, Matshela Koko, is alleged to have leaked confidential information to Gupta associate Salim Essa
Former Eskom board member George Sebulela twice denied his relationship with IT giant EOH which was vying for a multibillion-rand contract with Eskom
While Eskom goes from one controversy to the next, the dissatisfaction of its workforce poses a real danger to Eskom’s ability to keep the lights on
But the board remains ‘uncomfortable’ with the stability of the power system
The utility is labouring under a debt burden of about R420-billion and its cash from operations is not enough to service its interest payments
‘Difficult decisions’ must be made and there is no escape for the consumer and the taxpayer
George Sebulela resigned on Friday after Eskom’s board received a legal opinion on the matter. The board only became aware of it last week
‘There’s no reason, if the coal side of the business begins to decline slowly, that Eskom shouldn’t be a supplier of renewable energy as well’
Eskom’s irregular expenditure, identified under the terms of the Public Finance Management Act, rose to just under R20-billion
The power utility admits that its ‘transition towards financial and operational sustainability required resolute, tough and decisive leadership’
BLSA’s CEO said the decision to lift Eskom’s suspension was taken in recognition of the progress made by the power utility’s new board