Eskom could run coal-fired stations for years longer than originally planned to allow more renewable power to be built.
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Eskom faces increased financial pressure from lower than anticipated tariffs, rising diesel costs and the impact of labour disruptions, S&P Global said.
Rolling load shedding should come to an end by the end of this week as more power generation units come online.
President Cyril Ramaphosa is racing to make an announcement as soon as Sunday that could include a plan to ramp up investment by the private sector.
South Africa is considering creating a second state-owned power company to compete with Eskom, President Cyril Ramaphosa said.
Good news for South Africans hit hard by weeks of severe load shedding is the rolling power cuts are expected to lessen in intensity into next week.
South Africa is set to tackle “mafia” groups that have compromised Eskom’s operations and contributed to nationwide blackouts.
Two former employees of ABB Group, and their spouses, have been arrested for alleged corruption linked to Eskom contracts involving R2.2-billion.
Cape Town mayor Geordin Hill-Lewis on Monday published a 10-point plan that he said would go a long way to resolving South Africa’s energy crisis.
South Africa is preparing steps to accelerate an increase in electricity supply after Eskom implemented record load shedding.