Proposals to reorganise the R454-billion owed by Eskom are days away from completion, according to an official who’s overseen their formulation.
Browsing: Pravin Gordhan
The bold proposal by Cosatu to relieve Eskom of close to 60% of its debt using pension money may be presented by President Cyril Ramaphosa in next week’s state of the nation address.
Eskom’s new CEO, André de Ruyter, hopes to regain South Africa’s trust by addressing operational stability at the power utility.
Eskom CEO André de Ruyter will this week present a draft plan to change how the utility operates, as media reported he’s considering unbundling the utility at a slower pace than envisaged by the government.
The ANC’s top decision makers have met to discuss how to deal with ailing state-owned companies whose deteriorating finances have emboldened critics of President Cyril Ramaphosa.
Eskom has admitted it has a solution to its highly unreliable ageing fleet of coal power stations. This time, however, the plan is not the clichéd definition of insanity (which seems to have been the plan over much of the last decade).
The energy minister’s reluctance to fast-track renewable power projects could prolong the electricity shortages, which have caused the economy to stagnate and sapped investor confidence.
Government is reviving a so-called energy “war room” to tackle the nation’s electricity crisis, as it brought forward the date when the incoming CEO of the state power utility will start work.
Cabinet has mandated public enterprises minister Pravin Gordhan to engage the newly appointed Eskom chief executive, André de Ruyter, on the possibility on commencing in the role earlier than anticipated.
For the second year in a row, Eskom management and key staff members will not take leave in the festive season as the power utility struggles to halt power outages.