The shock of Eskom’s load shedding has finally hit home, even as the China and terms-of-trade shocks are only starting to build, said Nomura analyst and emerging markets economist Peter Attard Montalto. While Eskom has not enforced load shedding for the past 17
Acting Eskom board chairman Ben Ngubane disclosed in the utility’s integrated report that Eskom has already applied for a further R38bn of revenue to be generated through electricity tariffs. This application is currently under consideration by energy regulator Nersa
Thieves robbing Eskom of conductors, cabling and related equipment cost the utility R102m in the last financial year, according to its annual financial statement. This was a 30% increase from the previous
Eskom’s financial year ended March 2015 was unusually challenging, leading to the financial and operational health of the business deteriorating, according to acting CEO Brian Molefe. He spoke at a media briefing on Tuesday where Eskom released its
Load shedding will continue for the next 18 months, public enterprises minister Lynne Brown said on Thursday, once again appealing to South Africans to save electricity. Speaking after Eskom’s annual general meeting in Cape Town, Brown said the
Load shedding and spiralling electricity prices are now part of South African daily life. What, then, can be done about it? If one were to take a long view, one could confidently say that our electricity
Eskom employees missed out on bonuses this year, spokesman Khulu Phasiwe confirmed on Monday, adding that its AGM will take place in the first week of August 2015. “It is true that we are not assigning bonuses,” he said. “It would be wrong to give bonuses if
Transnet chief financial officer Anoj Singh has been seconded to Eskom in the same role for six months, according to the state utility on Thursday. Singh’s secondment is effective from
Eskom announced on Wednesday that four of its senior executives who were suspended earlier this year have been cleared of any wrongdoing. In March, chairman Zola Tsotsi announced that four
City Power and the City of Johannesburg will not be load shedding in the city on Friday, following the application of a range of load limiting interventions. “During this period of constrained supply, City Power
