Eskom is reviewing the implications of electricity regulator Nersa’s decision to grant it a lower than requested electricity tariff hike, public enterprises minister Malusi Gigaba said on Wednesday. “We are studying it in detail, because we need to understand
Both Eskom CEO Brian Dames and public enterprises minister Malusi Gigaba may have shied away from saying that load shedding is on its way, but analysts and people working in the industry believe it is a very real possibility, given that our electricity system is running with almost no reserves
Eskom has repeated its urgent call on electricity users to help it “beat the peak” this winter by switching off nonessential appliances between 5pm and 9pm each day. Briefing members of parliament’s public enterprises portfolio committee on Tuesday, Eskom CEO Brian Dames said that although
Limiting Eskom’s electricity tariff hike to 8% is likely to have far-reaching implications, public enterprises minister Malusi Gigaba said on Monday. “While the National Energy Regulator of South Africa’s [Nersa’s] decision … is welcomed, the implications of the lower tariffs and revenue approved on Eskom’s
By May this year, Eskom will have paid businesses at least R2,9bn to cut back on power usage in a bid to prevent blackouts. Had the National Energy Regulator of South Africa (Nersa) not rejected its request for provision to be made for an R8bn, five-year buy-back project, the amount, over a seven-year period, would
Eskom sells 9% of its electricity to BHP Billiton’s two aluminium smelters at less than one-fifth of the tariff paid by other consumers, Beeld reported on Friday. The preferential tariffs for the two smelters, Hillside in Richards Bay and Mozal in Maputo, allow the two loss-making smelters to be sustained while the rest of
Eskom has been granted an 8%/year electricity tariff hike for the next five years, significantly below the 16% it was seeking, the National Energy Regulator of SA (Nersa) said on Thursday. The power utility quickly spoke out against Nersa’s decision, saying the the approved tariff hike will
The New Age CEO Nazeem Howa hit back on Monday morning at a weekend newspaper report that partially state-owned telecommunications operator Telkom was its top advertiser. “It’s similar to the patronising and racist mindset of some of opposition politicians who imply that the senior executives
Telkom invested R34m in advertising in The New Age newspaper from December 2011 to November 2012, City Press reported on Sunday. The most recent Nielsen Adex report revealed that Telkom, which is 39,8% owned by the government, was the top advertiser in The New Age during
A former Eskom executive director on Wednesday shot down the energy provider’s proposal for an annual 16% electricity price hike for the next five years. Mike Deats said Eskom had failed to address some important issues in its Multi-Year Price Determination (MYPD) 3 report, which could
