Browsing: Eskom

The demand for electricity was set to increase by about 2% in 2011 as the country’s economy recovered, Eskom CEO Brian Dames said on Thursday. “Therefore, we are targeting every day

A short distance off the highway between Johannesburg and Pretoria, not far from the Samrand offramp north of Midrand, is a large but otherwise nondescript building. To the casual observer

Where will the money come from? This is the key question arising from confusion over cabinet’s decision to “support” — as opposed to authorise — a proposed additional R20bn for power utility Eskom.

Eskom on Thursday defended the pay and bonuses for its executives, including CEO Brian Dames. The public utility said in a statement that Dames’s salary increase was only 10,6% and that his reported 91% increase was due to “performance bonuses” from the previous two years.

Eskom posted a R3,6bn net profit for the 2009/10 year, the electricity parastatal said on Wednesday. The previous year the…