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Breath of fresh air for dying sector (Photo Archive)
BNP PARIBAS

Breath of fresh air for dying sector

Solar and wind farms on shuttered coal mines in Mpumalanga would liberate us from Eskom

  • Clyde Mallinson
10 min read
Eskom’s balance sheet was poor and affected its ability to secure long term bonds from the market, according to Eskom CEO Phakamani Hadebe. (Paul Botes/M&G)
CREDIT RATINGS AGENCIES

Eskom to pay back R5bn PIC loan, as union vows ‘never again’

Eskom has confirmed that the R5-billion short term loan it received from the Public Investment Corporation (PIC) will be paid back on Thursday

  • Tehillah Nieselow
2 min read
The Public Investment Corporation would consider investing in the proposed nuclear build programme
ESKOM

New Eskom board will provide ‘comfort’ to markets – spokesperson

There is a possibility that the World Bank could issue a default letter for its $3.75-billion (R45-billion) loan to the power utility.

  • Agency
4 min read
ELECTRICITY CRISIS

Eskom crisis: Government co-owns the problem

After a rescue package from the national treasury last year Eskom’s financial woes are far from alleviated, and won’t be for years to come.

  • Staff Reporter
4 min read
Eskom has threatened to disconnect the City of Tshwane after the metro failed to pay its outstanding debt of R1.6-billion.
DEPARTMENT OF FINANCE

Government to bail out Eskom

Treasury has said it will be allocating support funding to state-owned power utility Eskom to "help relieve the impact on electricity consumers".

  • Staff Reporter
1 min read
BARBARA HOGAN

Residents complain to World Bank about Eskom loan

Limpopo residents on Tuesday filed a complaint with the World Bank about the $3,75bn loan sought by Eskom to help finance the Medudi power plant.

  • Staff Reporter
3 min read