Former President Jacob Zuma knowingly and willingly facilitated audacious looting and wanton mismanagement at Eskom, the Zondo commission has concluded.
Outa is challenging the energy regulator’s decision to approve the construction of floating gas power stations in three South African ports.
Eskom has asked Karpowership to indemnify it against any adverse outcomes from corruption allegations in return for securing a supply contract.
After a week of debilitating rolling blackouts imposed by Eskom, President Cyril Ramaphosa has vowed to bring an end to load shedding.
A draft ANC policy document suggests the private sector play a greater role in the economy, providing further evidence of a shift in thinking in the ruling party.
The current debilitating bout of crippling load shedding will end at 10pm on Friday evening, Eskom said, even as the utility warned that the systems remains “severely constrained”.
Eskom said it remains on track to end load shedding by the weekend, and is hopeful that there won’t be any rolling power cuts next week.
Eskom CEO André de Ruyter has dismissed any suggestion that the South African power grid is in immediate danger of a total system blackout.
Eskom will later on Wednesday reduce to stage 3 the current bout of severe load shedding that is crippling South Africa’s economy.
Karpowership is expanding its generation capacity by 50% to tap global demand even as it struggles to get projects going in potentially its biggest market.