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
The national power grid would remain tight on Thursday, Eskom said. “Tonight we are expecting the same as last night … a tight balance, a very low reserve margin,” spokesman Andrew Etzinger said. “The balance between supply and demand will be challenged
ower constraints call for a “radical transformation” of the country’s energy sector, President Jacob Zuma told South Africans on Tuesday. “We need to respond decisively to the country’s energy constraints, in order to create a conducive environment for growth,” he said in his state of the nation address
Eskom has implemented power cuts in parts of the country due to its constrained power grid. “Due to the severely constrained power system, Eskom started implementing rotational load reduction from 5.12pm this afternoon,” it said in a statement. “We anticipate that we
Power cuts are unlikely over the weekend, Eskom said on Friday. Spokesman Andrew Etzinger said deliberate power cuts became necessary on Thursday evening due to constraints on the power system. Load shedding on Friday and over the weekend, however, appeared
South Africa’s power system will remain in peril during winter, acting Eskom CEO Collin Matjila said on Thursday. “The country still remains vulnerable and it will be the same during winter,” Matjila told reporters in Johannesburg. “While we continue with maintenance as part of our strategy to have remaining
