Eskom

SA’s economy entered into recession following poor electricity supply in the fourth quarter of 2019.

Eskom’s power rationing bite into recession

South Africa’s power utility, Eskom Holdings, which has battled operational difficulties and requires regular financial support from the National Treasury — has been identified as a key threat to the economy.

Commenting ahead of the 2020 State of the Nation Address (SONA), Galetti CEO, John Jack says boosting property investor confidence, recouping industry losses and a clear plan of action is needed.

SONA 2020: Industry players call for action to boost Property Investor Confidence

The 2020 State of the Nation Address (SONA) is on everyone’s minds and it’s clear that our President and his cabinet have a lot of work ahead of them.

Appearing before Parliament’s Standing Committee on Public Accounts (Scopa) on Tuesday, Public Works and Infrastructure Minister Patricia de Lille unveiled the department’s plans to address the climbing Eskom debt.

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 on Friday announced that its group chairman, Jabu Mabuza has tendered his resignation.

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

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.

Brazil, Russia, India and China all form the Brics organisation along with South Africa, and the bank serves as a collective pot for all member states.

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.

Co-operative Governance Minister Zweli Mkhize recommends Prepaid meters as a solution to Eskom's R24bn municipal debt

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.

The National Energy Regulator of South Africa (Nersa) granted 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.

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.

Finance Minister, Tito Mboweni delivered his maiden Budget address, revealing plans to help Eskom financial and operational crisis.

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.

The power utility’s Group Chief Executive Phakamani Hadebe said significant progress has been made in securing funding.

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.

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