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
Eskom executives are to forgo their annual bonuses this year in light of the parastatal’s R255 billion revenue shortfall, interim CEO Collin Matjila said on Wednesday. “They acknowledged the financial constraints by agreeing to forgo their annual performance bonuses this year as one of the efforts to
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Eskom will know by the end of the month whether it needs to increase its electricity tariffs, it said on Thursday. In a statement, the state-owned enterprise said it was awaiting a determination from the National Energy Regulator of South Africa. It asked Nersa last year to evaluate and approve the regulatory clearing account balance for its previous
Eskom on Sunday defended its proposed upgrades to Megawatt Park, its head office in Johannesburg, as a necessity despite the utility being under financial constraints. “This are essential, they aren’t lavish upgrades,” spokesman Andrew Etzinger said. He said the upgrades were necessary for the health and safety of staff, data
Eskom’s cash flow situation is “very stable”, the power utility said on Friday. “Eskom would like to reassure the nation at large that its cash flow situation is very stable,” the company said in a statement. The power utility managed its cash flow in a responsible manner, and always made sure it had sufficient liquidity. The company had stated
Financially embattled Eskom has run to the government for additional funding to pay its spiralling bills. But the treasury has refused and said it will not fund the utility from its strained coffers, and the energy regulator couldn’t help even if it wanted to. Faced with a shortfall
Former National Energy Regulator of South Africa chairman Collin Matjila will be acting CEO of Eskom when current CEO Brian Dames steps down next week, the power utility said on Thursday. “Upon the appointment of the substantive chief executive, Mr Matjila will return to his position as a nonexecutive director
Opposition parties will continue to push for the truth behind the enforced power cut “crisis” before the elections, the Democratic Alliance said on Monday. The DA and the Independent Democrats called for an investigation into the bonuses paid to Eskom executives, as part of a range of measures to counter the
