South Africa is looking to spend billions of rand to secure energy from mega-projects on the continent at a time when state power utility Eskom is broke and struggling to supply enough electricity.
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Civil society organisation Corruption Watch said it has launched an application in the high court in Pretoria to have former Eskom board members declared delinquent.
Government will announce within a month how it plans to fix Eskom, the embattled state utility that supplies more than…
Eskom is facing a mounting repair bill at two new coal-fired power stations that are still under construction, compounding its already dire financial situation.
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South Africa is considering doubling the amount of electricity it plans to buy from a proposed multibillion-dollar hydro power plant in the Democratic Republic of Congo.
Government is pushing Eskom, the power utility with R419-billion in debt, to present a credible turnaround strategy before the 20 February budget presentation, a person familiar with the situation said.
Eskom expects to report a loss of more than R15-billion in the year to 31 March, a record for any state-owned company.
Eskom will extend its strategy of trimming top executive positions to include lower ranking managers and finally the general workforce, according to a person familiar with the plans.