Tag: Eskom
Gordhan appoints Phakamani Hadebe Eskom CEO in sweeping SOE board changes
Cabinet has approved a recommendation by Eskom's board to appoint Phakamani Hadebe as CEO of Eskom.
This is according to Public Enterprises Minister...
Solar’s time has come – and not a moment too soon
Reports of a shortage of coal supply at six of Eskom’s power stations have sparked concern that load shedding could once again become a...
Logic needs to be applied in Eskom and SAA
Eskom is overstaffed by 66% and the average salary is more than R700 000 a year according to the World Bank. We know this...
Tariff hikes not the solution for Eskom, Nersa hears
Eskom’s liquidity issues can be more adequately resolved by addressing non-payment among users and by implementing the major cost cutting needed at the state-owned...
South Africa’s Ramaphosa orders probe into state firms Eskom and Transnet
South African President Cyril Ramaphosa has ordered the country’s Special Investigating Unit (SIU) to probe allegations of maladministration at state run-power utility Eskom and...
Eskom’s massive workforce problem: over-staffed and over-paid
After a decade of unprecedented growth in staff numbers, cash-strapped South African power utility Eskom Holdings SOC Ltd. is finally tackling the controversial issue...
Eskom gets Moody’s thumbs down
Rating agency Moody’s announced on Wednesday, that it had downgraded state power utility Eskom. The outlook is negative – which is suggestive of a...
Eskom to sign 27 renewable energy projects with private producers
New energy minister Jeff Radebe announced at Parliament on Thursday that agreements with 27 renewable energy projects will be signed with Eskom on Tuesday.
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Eskom signs R20bn credit facility
Eskom has signed a R20 billion credit facility with a consortium of local and international banks.
“The government guaranteed facility will form part...
Eskom a risk to South Africa as finances are getting worse
Eskom is expected to deliver worse than expected financial results with the power utility a major risk to South Africa’s fiscal targets.
An...
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Cape Town receives upgrade from Moody’s ratings
Cape Town Mayor Geordin Hill-Lewis has welcomed the City’s credit rating upgrade announced by ratings agency Moody’s Investor Services on 2 May. This follows...