LinkedIn, the online network for business professionals, says it signed up its two millionth South African user on Tuesday. The US company, which is listed on the Nasdaq in New York with a market capitalisation of US$12bn, says it has 187m members in more 200 countries. It says the three biggest
Under ordinary circumstances, Wilmot Prusent only speaks about Eskom to complain. The electricity bill for his five-bedroom home in Summerset Estate, Midrand, has escalated to R2 500 in the average month. “All they ever do is raise our rates, raise our rates,” he grumbled. Recently
The demand for electricity is declining, Eskom finance director Paul O’Flaherty said on Tuesday. “We were predicting that sales would go down,” he said. Releasing its interim results in Johannesburg, Eskom posted electricity sales of 110 766GWh
Cable theft costs South Africa about R5bn/year, and the “war on cable theft” is being intensified, police minister Nathi Mthethwa said on Tuesday.In written reply to a parliamentary question, he said training for designated “second-hand goods” police officers
The 16% electricity tariff hike every year for the next five years is unavoidable, public enterprises minister Malusi Gigaba said on Tuesday. “It [the tariff increase] is not fair, [but] it is necessary,” Gigaba said at a business breakfast in Fourways.
South Africa needs an independent operator in the electricity sector, the Free Market Foundation (FMF) said on Tuesday. A single grid owner and operator, South Africa’s current model, resulted in a lack of competition, FMF director Eustace Davie told reporters
Independent power producers could provide more than 60GW of conventionally produced electricity, according to the department of energy. This is nearly twice the total capacity now produced by Eskom – and it could be brought to market for far less than what
Eskom’s application for a 16% price hike over five years is vital to cushion the economy against a shock of a sudden tariff rise, public enterprises minister Malusi Gigaba said on Tuesday. Briefing the parliamentary committee on public enterprises, Gigaba was reluctant to declare whether Eskom’s
Eskom has asked for a 16%/year increase in electricity prices for the next five years – an effective doubling in the price over the period. This will increase costs for mobile operators and data-centre providers, with costs eventually flowing through to consumers, industry players have warned. Vox Telecom
Eskom has asked for a 16% increase in electricity prices each year for the next five years, the parastatal said on Monday. This would more than double the price of electricity from 61c/kWh in 2012/13 to 128c/kWh in 2017/18. Eskom has submitted its application
