National treasury is considering whether it would be better to move a chunk of Eskom’s R464-billion of debt into a special-purpose vehicle or have the state take over responsibility for it directly.
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Eskom has suspended load shedding, with effect from midday on Friday, after restoring generation capacity sufficiently to meet customer demand.…
South Africa has announced eight preferred bidders to provide emergency power as the state-run electricity monopoly continues to implement rolling blackouts that are weighing on the economy.
Eskom said late on Wednesday evening that it will suspend load shedding on Thursday between 10am and 2pm “to allow the nation to mourn the passing” of Zulu King Goodwill Zwelithini.
Over the next five years, Eskom is expected to have an electricity supply shortage of 4GW. However the shortfall could increase as the economy grows, according to the power utility’s chief executive, André de Ruyter.
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.
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.