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
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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
South Africa will study the cost of power generation from various projects and expects to announce a decision on new renewable sources by 7 December, according to energy minister David Mahlobo. The energy department has
Eskom’s credit rating was cut to a deeper junk level by Moody’s Investors Service as South Africa delayed appointing a new board at the state-owned power producer and releasing its financial results
Finance minister Malusi Gigaba met with representatives of the World Bank last week to discuss financing for development of a nuclear power programme in the country, according to two people familiar with