Eskom

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.

Public Enterprises Minister Pravin Gordhan said government would be willing to sell stakes in state firms to private investors

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.

Murray & Roberts CEO, Henry Laas says the company would be selling its construction and building business.

Murray & Roberts shifts focus, quits the lucrative Construction sector

Construction giant Murray & Roberts (JSE: MUR), which helped building South Africa's 2010 FIFA World Cup stadium projects, is exiting infrastructure and building business markets.

Last week, Eskom Chief Executive Officer Tshediso Matona highlighted a lack of maintenance as a major contributor to the country’s electricity woes.

Government to rescue cash-strapped Eskom

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

Eskom's Medupi unit to be commissioned despite failing tests

The sixth unit of Eskom's Medupi power station is going to be commissioned and connected to the grid, despite tests showing that it is not working as it should.

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