Eskom interim CEO Collin Matjila has stirred controversy at the power utility over a R43m contract to sponsor The New Age’s (TNA) breakfast briefings, the Mail & Guardian reported on Friday. The new contract commits the cash-strapped power utility to sponsor around one TNA breakfast briefing
Government may be considering selling its stake in minority Vodacom as it seeks funding to rescue electricity supply utility Eskom, according to a report published on Wednesday. The report on Bloomberg, a wires agency, quotes unnamed sources as saying that government has approached financial
Consumers will be hit with a 12,7% electricity tariff hike next year, the National Energy Regulator of South Africa (Nersa) announced on Friday. Nersa approved Eskom’s plans to recoup losses after it had under-recovered money during the multi-year-price-determination
o agreement has been entered into with Russia for the construction of nuclear power plants, the energy department said on Wednesday. The document recently signed between South Africa and Russia was an inter-governmental agreement – one of six sought from Russia and five other countries
The resignations of Steve Lennon and Erica Johnson from Eskom have dealt a blow to the troubled state utility’s already overburdened executive committee. The announcement that they’re leaving comes just before the new CEO takes his place. In a notice circulated to staff on Tuesday, Eskom acting CEO
Two of Eskom’s top executives have resigned, the parastatal confirmed on Wednesday. Eskom’s group executive for sustainability Steve Lennon would leave at the end of March next year and group executive enterprise development and acting group
Power utility Eskom was not there to make money, but to supply electricity, senior GM Andrew Etzinger said on Thursday. “We provide electricity to our customers, we are not here to make money,” he said at the Powering African Industry conference at Nasrec
South Africa has up to five years to go before its electricity supply crisis is over, and consumers may well face limited power cuts this summer, MPs heard on Tuesday. Briefing a joint meeting of parliament’s energy and public enterprises committees, Eskom acting CEO Collin Matjila
Cabinet has approved a package to close the funding gap at Eskom, the national treasury said on Sunday. The package, approved at a special cabinet meeting in Cape Town on Thursday, would guarantee energy security and support gross domestic product growth, spokesman
The Democratic Alliance demanded answers from the government on Monday on what its bailout plan for the embattled state electricity utility Eskom will entail. Responding to Sunday’s announcement by cabinet that it had approved a funding package to help Eskom with its R225bn
