In a damning judgment, a full bench of the high court, headed by judge Elias Matojane, has ruled against Brian Molefe, Eskom and the minister of public enterprises in a case brought by the Economic Freedom Fighters, the
Browsing: Eskom
Eskom is wasting no time approaching potential lenders in the hope that Saturday’s board overhaul was enough to ease concerns about governance at the struggling utility. The company will ask banks for funding commitments to
The clock is ticking on President Jacob Zuma’s scandal-ridden administration as his deputy, Cyril Ramaphosa, flexes his political muscles and shows he’s increasingly wielding state power to stamp out corruption and revive the
South Africa appointed a new board at struggling utility Eskom, with Jabu Mabuza becoming chairman, and ordered a new permanent CEO to be named within three months. As well as the appointment of Telkom chairman Mabuza
South African prosecutors have moved to freeze the assets of suspected allies of the politically connected Gupta family more than a year after the nation’s top graft ombudsman outlined the depth of state looting in the country
South African prosecutors have moved to freeze R1.6bn of assets held by McKinsey & Co and a company linked to the Guptas, the first significant response to corruption allegations against the politically connected
Eskom, which generates almost all of South Africa’s electricity, is still studying the impact of a tariff increase that was about a quarter of what it requested as shrinking liquidity threatens the utility. An award by the state energy regulator
Energy regulator Nersa on Friday announced that it granted Eskom little more than a quarter of the 19.9% tariff increase it applied for, for 2018/2019, and in fact slashed its revenue to considerably less than it
Matshela Koko was reinstated by the board of Eskom to his role as acting CEO, on Friday morning. Previously the head of generation at the state utility, he was suspended and subject to an internal probe relating to the company’s
Energy regulator Nersa will announce its decision on Eskom’s tariff hike application next week. The regulator was due to announce its decision with regards to the power utility’s request on Thursday but postponed to give itself more