Two of the largest trade unions at Eskom, NUM and Numsa, have accepted a 7% salary increase offer.
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National treasury is seeking to hire a legal firm to advise it on how to reorganise the R396-billion debt burden held by Eskom.
The price of 93-octane petrol will rise by R2.37/l on Wednesday, while diesel will jump by at least R2.30/l, the government announced on Monday.
South Africa must diversify its sources of electricity. We cannot rely on a single state utility any longer. By Busi Mavuso.
South Africa’s worst-ever bout of load shedding will drag into the new work week, with stage-6 cuts expected again on Monday and stage-5 cuts on Tuesday.
South Africa’s crippling power cuts are approaching an annual record, and there are still six months to go.
The unlawful industrial action at Eskom’s power stations is costing South Africa three stages of load shedding, CEO André de Ruyter said.
Eskom CEO André de Ruyter says the power utility will be taking action against workers who embarked on an illegal strike over the past week.
The crisis at Eskom is getting worse, with the state-owned utility set to implement stage-6 power cuts until midnight on Friday.
Growthpoint Properties has said it’s running out of diesel to operate generators at some of its buildings as the country grapples with the escalating crisis at Eskom.