Struggling state utility Eskom said on Tuesday that its board of directors would investigate an allegation of racism levelled against CEO André de Ruyter.
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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.
Five criminals, who were found guilty on 50 counts of copper cable theft involving infrastructure owned by Telkom and Eskom, have been sentenced to a combined 1 250 years in jail.
South Africans are in for a hefty rise in the price of electricity, as energy regulator Nersa has agreed to Eskom increasing its tariff by over 15% for the 2021/2022 financial year.
A photograph in the entrance hall at Komati power station shows the plant in better times, its nine generating units belching steam and smoke into the night sky. Those days are never coming back.
The criticalness of the current energy challenges call for South Africa to follow suit in leveraging AI and emerging technologies to reimagine the future of energy. By Mark Nasila.
Eskom said on Wednesday that it will implement stage-3 rotational load shedding with effect from 1pm, a dramatic escalation in the rolling blackouts that are paralysing the economy.