A week after it announced it had attached a bank account belonging to the Matjhabeng municipality, which includes the Free State town of Welkom, Eskom has attached 139 farms belonging to the council.
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South Africa’s economy will likely contract this year by more than the 7% previously forecast by the treasury, Finance Minister Tito Mboweni said in an opinion piece published on Sunday.
A conveyor belt at the giant Medupi coal-fired power station snapped on Wednesday night, prompted state-owned power utility Eskom to warn on Thursday morning of a high risk of load shedding.
There is a perception that load shedding would be far worse were it not for the disruption wrought by the Covid-19 pandemic and lockdown. It’s a myth. By Hilton Tarrant.
Eskom has attached a bank account belonging to the Matjhabeng municipality in the Free State, which includes the town of Welkom, in response to R3.4-billion in outstanding debt for the provision of bulk electricity.
Eskom has read the riot act to “apathetic” managers at its power stations, calling for an “urgent culture change” in the organisation, as the state-owned monopoly plunges the country into severe load shedding.
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Eskom has suspended the managers of three of its biggest generating plants as the company suffers crippling electricity outages, people familiar with the situation said.
Eskom’s gross debt increased to R488-billion as of March 2020, from R440-billion a year earlier, the firm said in a presentation to parliament on Wednesday.
State-owned enterprises have requested billions of rand in funding from the government to help them weather the impact of the coronavirus crisis, a finance ministry presentation to parliament showed.