President Cyril Ramaphosa said Eskom’s financial position “remains untenable” and urged non-paying citizens to change a culture of non-payment.
Browsing: Eskom
Eskom remains the single largest fiscal threat to South Africa. And despite many promises from the president, he is yet to release a restructuring plan or appoint a permanent CEO of the utility.
Eskom has said no load shedding is expected on Monday and the probability of load shedding is low for the week.
You can mitigate some of the effects of load shedding through a range of solutions, some of them cheap and simple, some complex and expensive.
Eskom ended controlled blackouts on Saturday as power supplies improve, it said in a statement.
While the immediate causes of the generation crisis at Eskom are well known, the emergency it found itself in this week has been some time coming.
In South Africa, solar and wind are in, and coal is gradually on the way out. That’s the key takeaway from the latest Integrated Resource Plan, which maps out the energy mix for the next decade.
As South Africa enters its third day of blackouts, investors are still awaiting word from President Cyril Ramaphosa’s administration on how it’s going to fix the ailing state power company.
Eskom says it has had another major setback at its Medupi power station and will be implementing stage-1 load shedding from 9am to 12pm and thereafter revert to stage-2 load shedding until 11pm.
Estimates of the blackouts’ toll range from R1-billion to R5-billion/day. They could also cost South Africa its last investment-grade credit rating from Moody’s Investors Service.