South Africa could experience load shedding for the next two to three years if urgent steps are not taken to mitigate against energy shortages, according to new research by the CSIR.
Author Tebogo Tshwane
The R3.8-billion claim Eskom has made against former executives as well as former minister Mosebenzi Zwane and the Gupta brothers, is a matter of principle, CEO André de Ruyter said on Tuesday.
Efforts to address Eskom’s R450-billion debt burden have taken a back seat to the government’s focus on fighting the Covid-19 pandemic.
Eskom has made “key” progress in restructuring the operations of the business, with the power utility committed to meeting the “ambitious” unbundling target date of 2021.
All eyes are on MTN South Africa and Telkom, which have failed to reach an agreement with the Competition Commission to lower data prices within the specified deadline.
The PIC has dismissed the executive head of listed investments Fidelis Madavo for gross misconduct in the controversial R4.3-billion deal involving Ayo Technology Solutions.
The bold proposal by Cosatu to relieve Eskom of close to 60% of its debt using pension money may be presented by President Cyril Ramaphosa in next week’s state of the nation address.
Eskom’s new CEO, André de Ruyter, hopes to regain South Africa’s trust by addressing operational stability at the power utility.
City Power, which distributes electricity to large parts of Johannesburg, wants be less reliant on Eskom in light of how intermittent load shedding and the rising cost of electricity have affected it.
For the second year in a row, Eskom management and key staff members will not take leave in the festive season as the power utility struggles to halt power outages.