Rautenbach’s retail track record put him in good stead — and inadequate succession planning helped too
The minister addresses the future of the country’s state-owned entities and speculation they may be moved from his portfolio
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
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
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
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
"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 government has introduced a range of ways to address Eskom’s woes
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
Phakamani Hadebe told delegates at the Mining Indaba 2019 that Eskom is just ‘too big’
But the utility already has a debt burden of almost R420-billion
Nersa kicked off its nationwide public hearings in Cape Town this week to deliberate on Eskom’s tariff applications
Outa says although Eskom brought about its own downfall, there were other factors, such as corruption and state capture, which worsened the situation
"Eskom’s long-term plans are to restore its energy availability factor to 75% by November".
Eskom is trying to recover is missing millions, but Trillian CEO Eric Wood says he is overwhelmed by the court case against the Gupta-linked company
But critics say shifting liability to the state could have unintended consequences for the economy
‘Difficult decisions’ must be made and there is no escape for the consumer and the taxpayer
The nation has committed to $14.7-billion in investments
The loan agreement was signed on Tuesday following bilateral talks between the Chinese President Xi Jinping and President Cyril Ramaphosa
Eskom CEO Phakamani Hadebe has committed to reopening wage talks with trade unions
The minister made sweeping changes to boards of state-owned enterprises in his portfolio
The utility has said it is sourcing additional coal from suppliers to ensure that there are outages this winter
Parliament’s oversight committee has heard that the utility’s top leadership is addressing concerns of investors
Eskom board member Sindi Mabaso-Koyana spoke on the steps Eskom is taking to address corruption at the power utility
Experts from across the country gathered to chart a way forward to bring cheaper energy to South Africa
These new proceedingscome after Koko refused to concede to an ultimatum given to him last week to either resign or face being fired.
The Public Investment Corporation has given the cash-strapped parastatal a loan to fund the utility’s operations in February.
The former civil servant who turned around the Land Bank has a much bigger job ahead
The utility faces an immediate cash-flow problem and tougher deep-seated challenges