Eskom is pitching a R140-billion plan to global lenders that would see it shut the vast majority of its coal-fired plants by 2050 and embrace renewable energy.
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Eskom on Friday said it will implement a conditional 1.5% wage increase, potentially setting the stage for a showdown with unions, which had been demanding far more.
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The debacle surrounding South Africa’s bid to secure emergency power supplies has highlighted a dysfunctional energy policy that’s subjecting the country to intermittent blackouts.
The former chairman of both Telkom and Eskom, Jabu Mabuza, a widely admired businessman, died from Covid-19 complications on Wednesday, his family announced.
President Cyril Ramaphosa is finally making good on a longstanding pledge to enact policy reforms, signalling the tide may be turning for the coronavirus-battered economy.
As Eskom shifted from stage 1 to stage 2 to stage 4 load shedding and then back to stage 2, then stage 3 this week, the impact on Johannesburg’s City Power grid has been chaotic.
Eskom will suspend load shedding at 8pm on Friday, but it will implement the rolling national blackouts at stage 1 on Saturday and Sunday evening “for a limited period”.
President Cyril Ramaphosa on Thursday moved to deal with the electricity supply crisis harming the South African economy by lifting the limit on self-generation of power to 100MW.
The president has encouraged mobile operators, Icasa and the department of communications to engage in mediation to get South Africa’s spectrum auction back on track.