Trade union federation Cosatu on Wednesday vowed to fight “to the bitter end” any attempts to privatise Eskom. “Cosatu is not surprised by media reports that there are moves within government to privatise Eskom,” spokesman Patrick Craven said in a statement. “This is a continuation of an agenda
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Consumers will see an additional electricity price hike next year after energy regulator Nersa announced on Thursday it had approved the regulatory clearing account for Eskom. “The National Energy Regulator of South Africa
Eskom warned that load shedding may worsen this winter as the power utility battles with electricity outages caused by problems with its ageing infrastructure. Speaking at a joint meeting of parliament’s portfolio committees on energy and public enterprises
Eskom will know by September how government plans to help it remain financially sustainable, public enterprises minister Lynne Brown told MPs on Tuesday. Addressing parliament’s portfolio committees on energy and public enterprises, Brown said an inter-governmental task team had come up with several options for Eskom’s financial problems
The money Eskom is hoping to claw back from the National Energy Regulator of South Africa (Nersa), in an effort to plug its revenue shortfalls, could potentially mean as much as a 9% increase in electricity tariffs if it is approved. But the regulator has warned that any increase would be carefully weighed
Although Eskom turned a R7bn profit according to its results released on Friday, the state-owned entity has warned this will not be sufficient to plug the R225bn revenue shortfall it faces over the next five years. The country, in the meantime, faces continued power constraints as the first unit of new power
Eskom on Friday announced a net profit of R7,1bn for the financial year ending 31 March 2014. “This was up from R5,2bn in the previous year, but significantly less than the R12,2bn reported for the six months ended 30 September 2013,” the parastatal said in a statement
South Africa could face a complete blackout, the National Union of Metalworkers of South Africa (Numsa) warned on Wednesday in response to a court interdict against a strike at Eskom. The union would embark on an unprotected strike if Eskom did not meet its demand of at least a double-digit increase, Numsa
City Power announced on Thursday that it would increase its tariffs by an average of 7% from 1 July after the National Electricity Regulator of South Africa approved hikes. Nersa approved City Power’s tariff increase application across different consumer segments
The national power grid was stable on Friday and would remain stable over the weekend, Eskom said. “The power grid is stable and we expect the peak this evening will be lower than previous evenings so we are not anticipating a shortfall,” spokesman Andrew Etzinger said. “There is no need for load