Court stops Eskom from awarding R350m contract
Judge pours cold water on utility’s claim that an interdict would cause an ‘unimaginable disaster’ Eskom has been slapped with an interdict, stopping it from awarding a three-year R350m contract to supply lubricants to its power stations, with a judge […]
South Africans should prepare themselves for the return of load-shedding
The Franchise Association of South Africa (FASA) has warned that the country’s businesses should prepare themselves for the return of load-shedding. The group said it has learnt of a risk of power outages returning in late August or September, which will once […]
Electricity: Who pays what
Joburg residents serviced by City Power who are billed monthly pay the most for electricity among the major metros in South Africa. This is due to two fixed monthly charges – a network charge and capacity charge which together total […]
Eskom managers want more money – or load shedding may return
Senior managers at Eskom are taking the power utility to the Commission for Conciliation, Mediation and Arbitration (CCMA) to demand higher salaries and bonuses, Rapport reported. These managers, who earn between R1.5-3 million per year, warned that strike action and load […]
Eskom loses billions on coal contracts
Broke state power utility Eskom is losing billions of rands by paying different prices to suppliers for the same quality coal. The result of this is a loss of R1.4-billion, at worst, on two contracts alone. Eskom is paying one […]
Eskom has a 4-point turnaround plan – but you’re not going to like it
On the back of a R20.7 billion loss for the year, Eskom has a broad four-point plan to turn its failing business around, says energy expert Ted Blom, but it’s not the plan it needs. In a note published on […]
Eskom’s revolving door: 10 CEOs in 10 years
Jabu Mabuza is the 10th CEO at Eskom, in 10 years. The chairperson was appointed acting CEO of the power utility by Public Enterprises Minister Pravin Gordhan this week. He is expected to hold the fort for the next three months […]
Eskom’s turnaround will not happen in 18 months – experts
That target is unrealistic and over-optimistic, energy experts agree, with one saying it could take up to 10 years to get the utility back on track. Eskom’s ability to get its house in order in the next 18 months as […]
Governance body warns against Mabuza’s dual role at Eskom
Having Eskom chair Jabu Mabuza also serve as the power utility's interim chief executive falls short of best practice guidelines outlined in Judge Mervyn King's reports on corporate governance, the CEO of the Institute of Directors of Southern Africa Parmi […]- 1
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