Eskom had a debt of R333bn at the end of last year, according to a written parliamentary reply by public enterprises minister Lynne Browne. The power utility’s approved borrowing programmes
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The risk of load shedding could increase as a result of energy regulator Nersa’s decision to only give Eskom half of its required tariff increase on Tuesday. Eskom CEO Brian Molefe said the decision to only approve a 9,4% electricity price increase
National energy regulator Nersa has given two main reasons for granting Eskom a 9,4% tariff increase for the 2016/2017 financial year. The hike will kick on 1 April. In terms of sales, Eskom applied for
Energy regulator Nersa approved a 9,4% electricity hike for 2016/2017 on Tuesday. Eskom submitted an application to Nersa in November last year to recover R22,8bn, which the utility said it used to avert load shedding. The decision comes after extensive
Although nothing was said directly in the 2016 budget about the privatisation of state-owned enterprises, “something is coming”, according to economist JP Landman. At the same time, he said common sense seems to indicate that
If you hear Koeberg nuclear power station’s sirens going off on 5 March, there is no need to race to the Huguenot tunnel to shelter from the fallout – it is just a test. The station, on the coast north of Cape Town, will test its public warning system as part of its
Energy regulator Nersa has postponed its announcement on the Eskom tariff hike decision until Tuesday, following finance minister Pravin Gordhan’s swipe at the power utility on Wednesday. Gordhan said at his press briefing ahead of his
Five people convicted for cable theft were on Monday collectively sentenced to 140 years behind bars, Eskom has announced. The group was sentenced in the high court, sitting in Kroonstad. “The thefts occurred mainly in the Free
Expect load shedding 20 hours every day if South Africa doesn’t build 20GW of new power stations within a decade, a nuclear energy proponent warned on Tuesday. “If we don’t come up with a strategy to build 20GW of coal or 20GW of
Eskom believes that its experiences over the past few years will assist it in making better decisions on how to keep the lights on. “We have become wiser in our risk management approach. You can only do that with the benefit of hindsight. We have learned, and today we do things differently