Eskom, South Africa’s biggest polluter, is struggling to curb its highest particulate emissions in two decades after its Kendal power plant was damaged during a strike.
Browsing: Eskom
The financial woes dogging South Africa’s behemoth state power utility show little sign of letting up even as the government grants it massive bailouts.
President Cyril Ramaphosa has reiterated that government’s attempts to reconfigure and split Eskom into three divisions is not aimed at privatising the embattled power utility.
Eskom said on Monday that it will switch off power in Bloemfontein and other towns in the Free State between 6am and 8pm daily until outstanding municipal arrears are settled.
Podcast | Following the explosive reports in 2017 that SAP Africa paid “kickbacks” to Gupta-owned companies to secure contracts at state-owned enterprises, MD Cathy Smith has said the organisation is on the mend.
André de Ruyter, the next CEO of embattled Eskom, has experience trying to turn around struggling companies.
Bond investors aren’t showing much faith in Eskom’s new boss, with yields on the company’s 2021 dollar bonds jumping the most in more than three months after the appointment of André de Ruyter.
View the latest contribution from TechCentral cartoonist Jerm.
After months of speculation and delays, South Africa named André de Ruyter as CEO of its debt-crippled state power utility, surprising investors with an unexpected choice and angering a key union.
Andre de Ruyter has been appointed as CEO of Eskom, the debt-strapped utility that provides about 95% of the nation’s electricity and poses the biggest threat to its economy.