Nersa has approved a 33.77% increase in Eskom’s electricity tariffs over the next two years, starting with a whopping increase of 18.65% this April.
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Government will take on a portion of Eskom’s debt in a staggered manner to avoid a spike in the country’s debt-to-GDP ratio.
The minister of international relations & cooperation has said repeated breakdown of power plants could be seen as an attack on the country.
Eskom is moving to around-the-clock stage-6 load shedding from 4pm on Wednesday as the rapidly deepening energy crisis spirals.
South Africa has entered a critical phase of revamping its sole nuclear plant and needs it to run according to plan.
Eskom has escalated load shedding to stage 6, equal to the worst blackouts it has ever imposed, between 4pm and 5am daily.
News that Eskom CEO André de Ruyter may have been poisoned with cyanide raises many interesting and concerning questions, including about the poison itself.
President Cyril Ramaphosa said the energy department will take over responsibility for overseeing Eskom.
Eskom CEO André de Ruyter resigned because “it’s a tough job”, President Cyril Ramaphosa said, stressing that the government has a “cohesive” plan to resolve the national power shortage.
Public enterprises minister Pravin Gordhan said an apparent attempt to poison Eskom CEO André de Ruyter will be “thoroughly investigated”.