Tag: Eskom
Eskom elaborates on its request for 15% increase
On Monday, Eskom shared the rationale for its average annual electricity increase application of 15% for three years under the fourth Multi-Year Price Determination...
Eskom in huge trouble as profit drops a whopping 89%
Eskom Holdings SOC Ltd’s first-half profit plunged 89% and the situation at the South African state-owned power utility is likely to worsen in the...
Load-shedding risk increases as coal stockpiles drop
National electricity supply company Eskom has announced the possibility of having to implement load-shedding across South Africa has become higher, as coal stockpiles at five of...
Eskom to cut management jobs
Eskom has approved a plan to cut jobs at a management level in a bid to further save on costs at the group. The power...
Fitch Ratings affirms Eskom’s ‘BB’ credit rating and removes the ratings watch negative
Fitch Ratings has announced its decision to affirm Eskom Long-Term Local Currency Issuer Default Rating (IDR) and unguaranteed local currency senior unsecured ratings of...
Eskom gets R2.88bn loan from AfDB for upgrade
JOHANNESBURG – Beleaguered power utility Eskom yesterday received a R2.88 billion loan from the African Development Bank (AfDB) to upgrade and expand its transmission...
Eskom competition boosts small enterprise development
The finest black-owned South African small and medium enterprises (SMEs) that competed in the 2018 Eskom Business Investment Competition (BIC), were awarded great prizes...
Power outages only to be implemented if ‘absolutely necessary’ – Eskom
The risk of power outages remained high for the Thursday morning peak, with Eskom in a statement on Wednesday night saying workers would do...
Start planning for load shedding this week says Eskom
Power utility Eskom said on Monday afternoon that South Africans should start planning for load shedding to take place sometime this week.
This...
Despite challenges, Eskom improves operational performance
Eskom continued to deliver improved operational performance in the financial year ended 31 March 2018, despite the financial and governance challenges facing the company.
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