A powerful winter weather system, approaching South Africa from the west, has prompted Eskom to ask the public to reduce the usage of electricity to prevent possible load shedding.
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Eskom has reduced its debt to less than R400-billion as discussions ensue to secure funding for a transition to renewable energy, according to public enterprises minister Pravin Gordhan.
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.
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.