Eskom has admitted it has a solution to its highly unreliable ageing fleet of coal power stations. This time, however, the plan is not the clichéd definition of insanity (which seems to have been the plan over much of the last decade).
Author Hilton Tarrant
Eskom’s generating plant breakdowns took out a stratospheric 15.9GW on Saturday at 6.30am, the highest level yet, which means an astonishing 40% of its coal fleet of around 40GW was offline.
EOH is in the cross-hairs of shareholders over executive pay, with an astonishing 65% of shareholders voting against the group’s remuneration policy and its implementation at Thursday’s AGM.
On paper at least, an acquisition of Cell C by Telkom makes sense. But Cell C is arguably in worse shape today than it was two years ago when Telkom tried and failed. By Hilton Tarrant.
In the past year, Telkom lost 186 141 copper broadband lines but only gained 55 577 fibre connections. This has caused tremendous pressure on its revenue line.
Not enough attention is paid to the extent to which Vodacom, the country’s largest mobile operator, leverages resources from (and executes the global strategy of) parent Vodafone.
First National Bank’s new First Business Zero Account, with no monthly fees, has made competitors sit up and take notice.
While the immediate causes of the generation crisis at Eskom are well known, the emergency it found itself in this week has been some time coming.
The astonishing things is that shareholders were asked to approve the new scheme – and did – without knowing what the performance condition was.