Eskom has suspended the managers of three of its biggest generating plants as the company suffers crippling electricity outages, people familiar with the situation said.
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Eskom’s gross debt increased to R488-billion as of March 2020, from R440-billion a year earlier, the firm said in a presentation to parliament on Wednesday.
State-owned enterprises have requested billions of rand in funding from the government to help them weather the impact of the coronavirus crisis, a finance ministry presentation to parliament showed.
Winter may be officially over, but that’s not going to stop Eskom from implementing rotational electricity blackouts this Spring Day.
What if I told you that our energy crisis could be alleviated with one simple change? Sounds ridiculous, doesn’t it? But I can tell you that it is that simple. By Daniel Goldstuck.
With South Africa’s biggest state utility in crisis, one of parliament’s most important financial oversight committees called an urgent online meeting with the company.
Government has issued a request for proposals to procure 2GW of emergency power, a step needed to help plug a severe energy shortage, the department of energy said on Saturday.
Slow reforms and the return of rolling power cuts in South Africa could threaten the recovery of an economy that probably bottomed in the second quarter.
Eskom has suspended planned power cuts, after returning to service overnight three generating units at coal-fired power stations, the state utility said on Friday.
Electricity monopoly utility Eskom has shuffled some senior managers weeks after missing its own target for restricting power outages.