Moody’s Investors Service has affirmed Eskom’s credit rating with a negative outlook, following the affirmation of the country’s sovereign credit rating. The power utility was placed on review for a potential downgrade
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Load shedding is now a thing of the past according to President Jacob Zuma, who was addressing staff at Eskom’s Megawatt Park in Johannesburg on Friday. Zuma was flanked by a large contingent of bodyguards and tactical police during a visit
Government needs to retain its ownership of state-owned enterprises (SOEs) to ensure economic growth and create employment for generations to come, said public enterprises minister Lynne Brown. In her budget speech for the 2016/2017 financial
Eskom’s board has approved a new fleet renewal strategy based on the economic viability of a station as opposed to a purely age-based decommissioning of power stations.Eskom said on Monday that to ensure reliable supply of electricity and no
Power utility Eskom has begun to ramp down planned maintenance to ramp up energy availability for the winter season. “Our winter plan formally kicked off on 1 April 2016 and runs
Despite multiple trips of units at three power stations stress-testing the power system, Eskom managed to avoid load shedding on Tuesday. The multiple trips of units resulted in a loss of 3,5GW and, in an effort to stabilise the power grid, Eskom used five diesel generators
Eskom is ramping up efforts to improve its finances, with new agreements with defaulting municipalities and improved revenue collection from prepaid meters in Soweto. It’s been a year since Eskom started its tough stance against municipalities that
South Africa’s energy crisis is fast forming a silver lining for investors on the JSE, with another company, Hulisani, listing as a special purpose acquisition vehicle on the main board
The Organisation Undoing Tax Abuse said Thursday’s court decision to dismiss with costs its urgent application to interdict Eskom from implementing the approved tariff increase by 9,4% on April 1 2016 would not deter it. “Setting aside the urgency of our
Mark Pamensky was appointed to the Eskom board three months after joining the board of Gupta-owned Oakbay Resources and Energy, Eskom revealed on Tuesday. The Eskom website describes Pamensky as group operations officer of Blue Label Telecoms