South Africa’s economy was roaring along in 2007 on the back of the global commodities boom when power shortages struck, bringing mines and smelters to a halt.
Browsing: Paul O’Flaherty
Absa Group has successfully migrated its banking platform, used by its subsidiaries, from the UK, where it was run by Barclays, to South Africa.
The Democratic Alliance is demanding that R31m in bonuses paid to Eskom “directors” be “returned” to national treasury following Thursday’s rolling blackouts, the first since 2008’s power crisis. The DA says it wants the money paid back so that it can be used to buy generators for hospitals and emergency
Three short years at the helm. This is all it took for outgoing CEO Brian Dames to bring his decades-long career at national power utility Eskom to a close. Dames, who was appointed as CEO in 2010, and his erstwhile finance director Paul O’Flaherty, appointed in 2009, were the men brought
The gap left by Eskom’s erstwhile finance director and head of capital projects, Paul O’Flaherty, looms large as the utility struggles over delays at its Medupi power station amid massive power constraints on the country. Despite his resignation, which was only officially announced in November but
Eskom on Monday morning announced that the Medupi power station’s first unit will not come online by December 2013 as planned, with the more realistic deadline being the second half of 2014. This set the deadline of the whole project back by six months to a year. The delay was announced
One of the Medupi’s six 800MW units will not meet its deadline to deliver power to the grid by the end of the year, Eskom said on Monday. “Eskom has confirmed that the December 2013 target date is unlikely to be met. A more realistic target for the first synchronisation of unit six to the grid is the second half of 2014,” the
The country’s electricity reserve margin slid to a perilously low 63MW, or 0,2%, early last week, heightening concerns that South Africa is a hair’s breadth from experiencing rolling power cuts. Despite the heightened risk, Eskom has several options to manage the very tight power system, said its spokesman, Hilary Joffe
Eskom’s application for tariff increases was ready to be submitted, before government asked it to look at additional factors, the parastatal said on Wednesday. “We were ready, it was 100% in line with regulation. We engaged since February with hundreds and hundreds of stakeholders,” Eskom finance director Paul O’ Flaherty said