Browsing: Collin Matjila

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Eskom to pump R43m into Gupta breakfasts

Eskom interim CEO Collin Matjila has stirred controversy at the power utility over a R43m contract to sponsor The New Age’s (TNA) breakfast briefings, the Mail & Guardian reported on Friday. The new contract commits the cash-strapped power utility to sponsor around one TNA breakfast briefing

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Executive departures a big blow for Eskom

The resignations of Steve Lennon and Erica Johnson from Eskom have dealt a blow to the troubled state utility’s already overburdened executive committee. The announcement that they’re leaving comes just before the new CEO takes his place. In a notice circulated to staff on Tuesday, Eskom acting CEO

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Top executives quit Eskom

Two of Eskom’s top executives have resigned, the parastatal confirmed on Wednesday. Eskom’s group executive for sustainability Steve Lennon would leave at the end of March next year and group executive enterprise development and acting group

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Eskom warns of summer load shedding

South Africa has up to five years to go before its electricity supply crisis is over, and consumers may well face limited power cuts this summer, MPs heard on Tuesday. Briefing a joint meeting of parliament’s energy and public enterprises committees, Eskom acting CEO Collin Matjila

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Hundred days to Medupi switch-on

Monday would mark 100 days until the Medupi power station’s unit six is powered up, Eskom said. “It’s incredibly exciting, and at the same time, remains a daunting challenge as projects of this scale and complexity navigate potential technical, operational, contractual and staffing risks daily,” interim

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Eskom warns of more load shedding

Eskom warned that load shedding may worsen this winter as the power utility battles with electricity outages caused by problems with its ageing infrastructure. Speaking at a joint meeting of parliament’s portfolio committees on energy and public enterprises

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Eskom to learn its funding fate

Eskom will know by September how government plans to help it remain financially sustainable, public enterprises minister Lynne Brown told MPs on Tuesday. Addressing parliament’s portfolio committees on energy and public enterprises, Brown said an inter-governmental task team had come up with several options for Eskom’s financial problems

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Eskom billions not enough

Although Eskom turned a R7bn profit according to its results released on Friday, the state-owned entity has warned this will not be sufficient to plug the R225bn revenue shortfall it faces over the next five years. The country, in the meantime, faces continued power constraints as the first unit of new power

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SA power grid remains in peril

South Africa’s power system will remain in peril during winter, acting Eskom CEO Collin Matjila said on Thursday. “The country still remains vulnerable and it will be the same during winter,” Matjila told reporters in Johannesburg. “While we continue with maintenance as part of our strategy to have remaining

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Eskom bosses to forgo bonuses

Eskom executives are to forgo their annual bonuses this year in light of the parastatal’s R255 billion revenue shortfall, interim CEO Collin Matjila said on Wednesday. “They acknowledged the financial constraints by agreeing to forgo their annual performance bonuses this year as one of the efforts to

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