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Browsing: Eskom
An economy stuck in the longest downward cycle since World War 2, chronic electricity shortages and soft business confidence – after 20 months running South Africa, patience is wearing thin with Cyril Ramaphosa.
Volkswagen Group South Africa is poised to implement a plan to move its manufacturing plant in Uitenhage, plus some of its component suppliers in an adjacent supplier park, off the national electricity grid.
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Following major problems that brought Eskom’s Medupi power station to its knees last week, Medupi manager Rudi van der Wal is leaving Eskom to take up a position overseas.
Deloitte has become the latest international company dragged into South Africa’s government-linked corruption scandals.
President Cyril Ramaphosa said Eskom’s financial position “remains untenable” and urged non-paying citizens to change a culture of non-payment.
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.