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Browsing: Eskom
Eskom’s new boss has taken a first step to reduce the indebted South African power utility’s bloated wage bill while avoiding a potential clash with labour unions.
Stage-3 rotational load shedding will be implemented from 9am on Saturday until 5am on Monday, state-owned electricity utility Eskom said.
President Cyril Ramaphosa’s plans to overhaul the energy industry have some way to go before they provide answers to the nation’s crippling power shortages.
President Cyril Ramaphosa announced sweeping changes to the nation’s electricity industry to address energy shortages and reduce reliance on debt-stricken state power utility Eskom.
South Africa’s debt-stricken power utility Eskom has begun a process to offer managers voluntary severance packages. The board allocated a budget of R400-million to the plan.
Due to some improvement in the power system, Eskom will not implement any load shedding on Wednesday, the state-owned power utility said.
Cosatu said it won’t reach a pact with business on how to resolve the debt crisis at Eskom by the time President Cyril Ramaphosa gives his state-of-the-nation speech on Thursday.
South Africa’s power cuts hurt the economy in the fourth quarter, and two data points on Tuesday showed just how bad it was.
Eskom recently attempted to ensure that there would be no load shedding during the morning peak of 6am to 9am. There are a number of problems with this short-lived plan.