Eskom said it is undertaking long-overdue repairs at its facilities amid a high risk of nationwide outages, and it expects supply to improve later this year.
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Deputy President David Mabuza said in parliament that Eskom has communicated a headcount reduction plan to government.
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Eskom and Sasol, South Africa’s two biggest polluters, must comply with emission limits even if it costs them tens of billions of rand, environment minister Barbara Creecy said.
Just when South Africans were getting used to an uninterrupted supply of power, Eskom is pulling the plug again: Load shedding returns at 5pm on Wednesday.
Struggling state utility Eskom said on Tuesday that its board of directors would investigate an allegation of racism levelled against CEO André de Ruyter.
Eskom bondholders are watching the latest round of rescue talks from a distance. Yields suggest they’re confident their money is safe, whether or not the discussions result in a sustainable solution for the utility’s debt.
Revego Africa Energy Fund, an investor in South African renewable projects, is looking to raise as much as R1.5-billion by April with the industry poised to grow.
Eskom is expected to complete its unbundling into three divisions by December 2022, according to national treasury.
Even with the 15.63% tariff hike to be implemented on 1 April, Eskom considers its electricity tariffs to be far from cost-reflective. Yet further big price hikes will mean alternative sources of energy become more viable.