South Africans trust Eskom marginally more than President Jacob Zuma, according to an Ipsos survey. Zuma scored 53,1 out of 100 (with 100 signifying a perfect reputation), while Eskom scored 53,4 points. The poll was done through 3 617 face-to-face interviews with randomly selected
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Failure to get the R22,8bn Eskom wants to recover in its application to the National Energy Regulator of South Africa (Nersa) will weaken the power utility’s balance sheet and worsen its financial ratios, Eskom finance director Anoj Singh said on Wednesday. Eskom has
Government investment manager, the Public Investment Corp (PIC), has finalised its acquisition of the state’s 13,9% equity stake in Vodacom. Government is set to use the proceeds of the sale to the PIC to help fund Eskom. At the current share price
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Government funding helped Eskom post a 22% increase in net profit for the six months ended 30 September 2015. Eskom CEO Brian Molefe said Eskom achieved
Eskom and French funding agency Agence Française de Developpement (AFD) on Monday morning signed a R2,3bn credit facility agreement to finance Eskom’s distribution projects in the Eastern Cape, KwaZulu-Natal and Limpopo. Eskom said the loan
A day after reassuring the country that Eskom plans to avoid load shedding in the foreseeable future; it celebrated its 100th day without cutting power supply on Tuesday. The backlog in the maintenance programme of its ageing power plants is making steady progress, improving
Eskom CEO Brian Molefe says although this year’s summer is expected to be hotter than last year’s, the power utility plans to meet demand for electricity 100%. He said on Monday the
An energy sector leader recently observed that the electricity crisis in South Africa is maturing (perhaps like cheese) from generation capacity problems to issues of electricity prices, tariffs
Eskom on Thursday submitted an application to the National Energy Regulator of South Africa (Nersa) to recover R22,8bn which the utility used to avert load shedding. “We spent money on acquiring diesel and electricity… When we overspend on