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2020 SA Budget: Government allocates billions on Infrastructure

South Africa is set to benefit from a multi-billion rand fund, which will be spent on national and provincial economic infrastructure requirements, according to the National Budget 2020 announced on Wednesday by Finance Minister Tito Mboweni. ... Full story

Public Works resolving Eskom municipal debt

The Department of Public Works and Infrastructure (DPWI) has begun reconciling and verifying debt owed to Eskom by the country’s 257 municipalities.

Eskom chairman calls its quits, electricity rationing resumes

Eskom on Friday announced that its group chairman, Jabu Mabuza has tendered his resignation just after a week into renewed electricity rationing, as the utility failed to keep the lights on.

Eskom suspends load shedding after days of blackouts

Over the weekend, Eskom said that there will be no load shedding this week as the outlook looks favorable, with plants performing better than last week.

Embattled Eskom to get R11 billion from BRICS Bank

SA's prayers may have been answered as BRICS Bank plans to lend R11 billion to Eskom Holdings which could alleviate some of the pressure on the country’s electricity grid.

Prepaid meters idea solution to Eskom's R24bn Municipal debt, says Government

According to Co-operative Governance Minister Zweli Mkhize, Eskom was owed more than R24 billion by the end of December, up from R17 billion in July last year.

Eskom granted 9.4% tariff increase

The National Energy Regulator of South Africa (Nersa), on Thursday granted struggling state power firm Eskom a 9.4% tariff hike for this year, along with an increase of 8.1% for 2020 followed by 5.2% the following year.

Budget 2019: Government to pour R69 billion into cash-strapped Eskom

South Africa’s Finance Minister, Tito Mboweni delivered his maiden Budget address, revealing plans to help Eskom financial and operational crisis — and do urgent maintenance to secure the supply of electricity.

Eskom gets R15bn rescue facility

The debt-laden Eskom, which is asking for a 15% tariff increase over the next three years, has concluded a R15 billion loan facility with a consortium of local and international banks.

Oil, gas exploration expected to boost economy

Minister of Mineral Resources Gwede Mantashe says the Total Exploration and Production Southern Africa's deep sea stavenger rig operations in the Western Cape should boost investor confidence and contribute positively to the oceans economy.

Government may consider selling Eskom

The South African government will soon debate whether to split up state power firm Eskom to make it financially viable, Public Enterprises Minister Pravin Gordhan said on Tuesday.

New Development Bank approves $200m Durban project

The project aims to help Transnet enhance capacity at its Durban port, part of $1.7bn the bank has approved for Brics projects in 2018

Transnet secures R12bn loan

Transnet has secured a R12 billion club loan from five lenders to fund its locomotives fleet acquisition programme.

Bank backs SA’s renewable energy plan

SA embarks on an ambitious renewable energy programme that will give the country the comfort of having a number of diversified sources of energy.

Government to rescue cash-strapped Eskom

South Africa plans to inject $870 million into cash-strapped state utility Eskom as early as around June.

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