Eskom slashes R81.9 billion from its debt, needs more to borrow
Eskom gross debt was cut by R81.9-billion, leaving an outstanding debt of R401.8-billion. And there is the outstanding municipal debt,
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Eskom
Arnot Opco signs a ten-year coal supply agreement with Eskom
Update of 28 July 2021, referring to the imminent restart of the Arnot Mine, based in Middelburg, Mpumalanga, and the
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Explosion at Eskom’s new power station
JOHANNESBURG – Eskom has informed the public that Unit 4, which was on a short-term outage (since 06 August 2021) of
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Medupi’s last unit in operation marks completion of the project
Eskom has announced that on Saturday Unit 1, the last of six generation units of the Medupi Power Station Project
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Ramaphosa: electricity reform in word only?
Johannesburg – The Free Market Foundation (FMF) calls on government to speed up the process of detailing and gazetting President
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South32 finalises energy supply agreement for Hillside Aluminium
South32 has advised that the National Energy Regulator of South Africa has approved a long-term energy supply agreement between Eskom
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DFFE refuses Karpowership environmental impact assessments applications
The DFFE (Department of Forestry, Fisheries and the Environment) has announced that the Turkish-led Karpowership SA consortium was denied the
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Kusile power station to be completed by 2025
Deputy President David Mabuza has been given the assurance that the Kusile power station will be completed within the 2024/25
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Eskom power stations tripped 711 times in 2020
Eskom has reported that it used 130% more fuel oil than anticipated for coal-fired power stations during the 2020 financial
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FMF applauds government on new threshold to produce electricity
Johannesburg – The Free Market Foundation (FMF) welcomes the decision by President Cyril Ramaphosa’s Cabinet to lift the threshold for
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Load shedding: Koeberg will be key, says De Ruyter
Many years of deferred maintenance and delays in the commissioning of new power stations Medupi and Kusile have ensured that
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FMF proposes immediate reforms to stop rolling blackouts
Johannesburg – The Stage 4 loadshedding (better understood as Stage 4 de-industrialisation) announced on 9 June 2021. The state maintains
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Eskom cuts its crippling debt by 20 percent
Struggling South African state power utility Eskom Holdings SOC reduced its debt by almost a fifth after repaying matured loans
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McKinsey pays back the money it received from dodgy contract
In 2017, as part of the #GuptaLeaks, amaBhungane and the investigative unit Scorpio, delved deep into what became known as
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State capture costs SA at least R50bn but the true cost is definitely higher
In South Africa, evidence is piling up at the Zondo Commission about how the Guptas interfered in the running of
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Dark new world of South African coal
Local companies have been scrambling for the coal assets dumped by large corporates, such as Anglo American, Exxaro, Glencore, BHP
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Private energy may buoy South African ferrochrome
South Africa’s Department of Mineral Resources and Energy (DMRE) announced the selection of its preferred bidders for the Risk Mitigation
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Eskom’s Kusile Unit 3 achieves commercial operation
Johannesburg – Eskom has announced that this week Unit 3 of the Kusile Power Station achieved commercial operation status. This
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Wescoal delivers first own coal sales from Moabsvelden
Shareholders are referred to the voluntary SENS update of 25 January 2021, in terms of which, Wescoal indicated that production
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Deteriorating Eskom extends load shedding
Eskom informs the public that the implementation of Stage 2 loadshedding will continue until 05:00 on Wednesday as the generation
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Electricity remains key risk for ferrochrome smelters
Electricity supply and pricing remain key risks for our business and the broader ferro alloy sectors. The electricity tariff increased
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Eskom irritates the SA economy again!
JOHANNESBURG – poorly run and debt stricken Eskom says Stage 2 loadshedding will be implemented from today until 23:00 Friday
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McKinsey, Trillian were to grab R10bn from Eskom
The commission of inquiry into state capture has heard that Global consulting company McKinsey & Company, alongside Trillian Capital, wanted
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Justice Zondo shocked at ex-Eskom board fabrications
The Zondo Commission has questioned the timing of Tegeta’s demand for a prepayment which coincided with their difficulty to secure
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Eskom implements loadshedding AGAIN!
The pathetic Eskom has done it again! It has implemented Stage 2 loadshedding from 12:00 Friday until 23:00 on Sunday
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Eskom failed to repair its promised generation capacity by Sunday
Loadshedding is set to continue as the return to service of some generation units has been delayed, Eskom said in
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Eskom proves once again it’s unable to provide stable electricity
“We are currently LOAD SHEDDING in STAGE 2 due to high demand or urgent maintenance being performed at certain power
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SA Government fails country’s economy and its citizens dismally
Government’s first duty is to protect the rights of citizens. Instead, ours has prioritised yet another bailout of R10.5 billion
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STATE CAPTURE: ABB to pay back R1.56bn to Eskom
The SA branch of the international automation firm ABB was ordered to pay R1.56-billion to Eskom to settle an overpayment
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Exxaro expects an increase of 27% in export volumes
COVID-19 (the pandemic) and associated control measures resulted in a record decline in real GDP for the second quarter of
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