Browsing: Energy

The finances of Eskom, Transnet and other companies owned by South Africa’s government have deteriorated to such an extent that they now pose a significant risk to the nation’s finances, the auditor-general said.

State-owned power utility Eskom may be forced to implement controlled blackouts before the end of the year because of pressure on the national system, CEO Phakamani Hadebe said on Friday.

South Africa’s deputy energy minister expects the latest round of climate talks will make global markets cleaner starting next year and defended her nation’s coal use as a way to reduce poverty.