Here’s who will benefit and lose from Wednesday’s medium-term budget policy statement.
Browsing: Eskom
Eskom said on Tuesday that its net loss in the financial year that ended in March 2023 had widened to R23.9-billion.
Eskom will hand over responsibility for almost all load shedding in Johannesburg to City Power from 6 November.
The longest break in load shedding since last year ended on Sunday afternoon.
Suspending a plan to retire 11.3GW of Eskom’s coal-fired plant could lead to more than 15 000 deaths.
If you have one of the 6.8 million prepaid electricity meters that need to be recoded, you have nothing to fear, according to Eskom.
The World Bank is in talks about a potential $1-billion loan to help South Africa reform its energy sector.
Sars has led a search-and-seize operation aimed at breaking the back of a “sophisticated” criminal syndicate of coal smugglers.
Electricity minister Kgosientsho Ramokgopa said South Africa has “turned a corner” in terms of electricity generation.
Eskom chairman Mpho Makwana will step down at the end of the month and will be replaced in the role by Mteto Nyati.