Browsing: Dan Marokane

The unbundling now has advisers, a timetable and, at last, agreement between Eskom and business.

Eskom’s profit more than doubled to R30.3-billion, but electricity sales fell 6.2% and municipal arrears passed R111-billion.

Electricity theft and unrecognised municipal revenue together exceed the utility’s entire annual profit.

Eskom and BLSA now say they agree on the independent transmission operator, two months after a public falling-out.

Eskom has secured the government approvals it needs to establish Eskom Green as a wholly owned subsidiary.

Eskom CEO Dan Marokane has said new electricity trading rules are close and that the utility is tooling up to trade.

Telkom fought to keep its network and South Africa lost a decade. Eskom risks making the same mistake.

The fight over who owns South Africa’s transmission grid has burst spectacularly into the open.

Eskom Green is targeting up to 32GW by 2040, with the board insisting it will partner private developers, not compete with them.

Rating agency Moody’s has warned that carving transmission out of Eskom could weaken its creditworthiness.