Eskom’s creditors have started working with financial advisory firm Rothschild & Co as the struggling power utility prepares a long-awaited reorganisation.
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Energy expert Chris Yelland has warned that if Eskom gets its way, the economy will go into “a nosespin”.
Eskom expects the consumer to pay for the long-term damage of its bungling of the Medupi and Kusile power station projects, says the Association of South African Chambers.
Eskom will from Monday carry out a staggered shutdown of both units of its Koeberg nuclear power station for scheduled refuelling and maintenance.
The situation in Johannesburg is bizarre and increasingly untenable.
Stakeholders have until Friday to submit written comments to energy regulator Nersa on Eskom tariffs that may increase by more than 40%.
The Zondo report must not merely be an exercise in catharsis, but rather the first step to delivering justice and accountability.
Millions of rand of public funds were siphoned off from Transnet, Eskom and South African Airways.
Government is concerned about the impact that power outages had on the economy in the second quarter.
Unit 4 at the Kusile power station has been synchronised to the national grid for the first time, which should help to alleviate pressure on the system into 2022.