Eskom on Wednesday warned that rotational blackouts could return at any moment as its struggled to meet demand for electricity with 11GW in unplanned breakdowns in its generation fleet.
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The R3.8-billion claim Eskom has made against former executives as well as former minister Mosebenzi Zwane and the Gupta brothers, is a matter of principle, CEO André de Ruyter said on Tuesday.
The appointment of a white treasurer at Eskom has become mired in allegations of racism, deepening a political dispute between a rabble-rousing opposition party and a cabinet minister.
South African investigators are seeking to recover more than R400-million from German software giant SAP for two government contracts they allege were entered into unlawfully, court documents show.
A pact between South Africa’s government, labour unions and business to cut Eskom’s debt won’t include a pledge to use the pensions of state workers as had been initially proposed.
Eskom, which relies on coal to generate most of South Africa’s electricity, issued a request for bids to build its first battery-energy storage system, according to a newly published tender document.
The SIU is going after members of the Gupta family, and former Eskom executives, board members and other associates in an effort to recoup R3.8-billion that the power utility lost when the Gupta family acquired Optimum Coal.
Eskom plans to cancel a contract to buy as much as R14-billion of fuel oil from Econ Oil & Energy after a probe it commissioned found Econ’s fees had been inflated.
André de Ruyter, the CEO of South Africa’s debt-stricken state power utility, is navigating a political minefield as he collects overdue debt, reduces electricity theft and bolsters revenue.