eskom

  1. Jamie McKane

    Eskom is getting killed - expert

    Eskom is getting killed - expert High electricity prices are dampening economic growth and reward incompetence and irrationality at Eskom, energy adviser Mike Rossouw warned. In an article in Rapport, Rossouw wrote that the government continue to allow Eskom to increase prices despite the...
  2. Jamie McKane

    Eskom death spiral of debt continues

    Eskom death spiral of debt continues Eskom "urgently" needs to borrow R10 billion to pay for a clean energy project, or face penalties on its World Bank loan, stated the City Press. The World Bank loan was used to fund the construction of Medupi and Kusile, power stations which are well over...
  3. Jamie McKane

    Former Eskom executives seeking CEO job

    Former Eskom executives seeking CEO job The chief executive role at Eskom Holdings SOC Ltd., considered the most challenging job in corporate South Africa, is attracting interest from people who know how difficult turning around the debt-ridden state utility will be. Andy Calitz, the former...
  4. Jamie McKane

    Eskom appoints Jabu Mabuza as temporary CEO

    Eskom appoints Jabu Mabuza as temporary CEO South Africa’s embattled state power utility Eskom Holdings SOC Ltd. will be temporarily led by Jabu Mabuza, its chairman, who will take over the roles of interim executive chairman and acting chief executive officer starting from next month. The...
  5. Jamie McKane

    Eskom set to post record loss

    Eskom set to post record loss Eskom Holdings SOC Ltd., which supplies about 95% of South Africa’s power and is reliant on government bailouts to remain solvent, is set to announce its second consecutive multi-billion rand annual loss on Tuesday. The big question is: How many billions? The...
  6. Jamie McKane

    Government employees face salary cuts to help fund Eskom

    Government employees face salary cuts to help fund Eskom National Treasury director director-general Dondo Mogajane has said that the best way to fund the bailout of failing state-owned enterprises could be to cut the salaries of all government employees by 10%, according to a report in the...
  7. Jamie McKane

    Eskom wants to build another big power station

    Eskom wants to build another big power station Eskom has plans to build a 3,000MW gas power station outside of Richard Bay and is currently busy with a feasibility study for the project. This is according to Rapport, which reported that environmental approval for the power station is expected...
  8. Jamie McKane

    South Africa Has a Sovereign Debt Problem - Its Name Is Eskom

    South Africa Has a Sovereign Debt Problem - Its Name Is Eskom A financial crisis confronting South Africa’s state power utility has become a national debt problem. Finance Minister Tito Mboweni Tuesday unveiled a second multi-billion dollar bailout for Eskom Holdings SOC Ltd. within five...
  9. Jamie McKane

    Eskom to receive an extra R59 billion from government

    Eskom to receive an extra R59 billion from government South Africa will ramp up support for its ailing state-owned power utility Eskom Holdings SOC Ltd. with an additional 59 billion rand ($4.2 billion) spread over two years. The electricity company, which is seen as the biggest threat to the...
  10. Jamie McKane

    Applications for SA's toughest CEO job now open

    Applications for SA's toughest CEO job now open Eskom Holdings SOC Ltd., the monolithic state-owned South African power utility that’s grappling with an unsustainable debt load and chronic operational problems, has advertised for a new chief executive officer two months after Phakamani Hadebe...
  11. Jamie McKane

    Eskom's R230-billion bailout might not be enough

    Eskom's R230-billion bailout might not be enough The government is expected to grant Eskom a R230-billion bailout in an attempt to save the floundering power utility, but this might not be enough to fix the problem. Speaking to the Sunday Times, Econometrix chief economist Azar Jammine said...
  12. Jamie McKane

    Eskom will appoint an acting CEO

    Eskom will appoint an acting CEO South Africa’s struggling state-owned power utility will name an acting chief executive officer when incumbent Phakamani Hadebe steps down at the end of the month, according to a person familiar with the decision. The appointment will be made as the government...
  13. Jamie McKane

    These graphs show how much trouble Eskom is in

    These graphs show how much trouble Eskom is in South Africa’s government is putting the final touches on a 230 billion rand ($16.2-billion) bailout package intended to get its debt-stricken state power utility back on track. Except it won’t be nearly enough. [Bloomberg]
  14. Jamie McKane

    South Africans are dying due to Eskom's pollution

    South Africans are dying due to Eskom's pollution In Pullens Hope, your eyes itch and your nose clogs. It’s easy to figure out why. On the right side of the main street of the dilapidated village east of Johannesburg is a fenced-off electricity substation with a red sign warning of pollutants.
  15. T

    Transformer Blown in Vanderbijlpark

    Hello everyone. The transformer's blown in vanderbijlpark leaving the vaal without power as we were told by Eskom this morning :/ was told it could take 6 weeks to a year to replace. what are we going to do ? for those living in the vaal affected by this problem
  16. Jamie McKane

    Eskom will shut down power plants to combat pollution

    Eskom will shut down power plants to combat pollution Eskom has issued a statement regarding a recent health study conducted by Gray Sky Solutions. The study found that air pollution caused by Eskom and Sasol had harmful effects on the health of Johannesburg residents, causing hundreds of...
  17. Jamie McKane

    Air pollution is killing South Africans - Study

    Air pollution is killing South Africans - Study A new study on air pollution by Eskom, Sasol Synfuels, and Natref provided shocking evidence of the harmful effects caused by these organisations to the environment and to human health. The study was conducted by Dr. H. Andrew Gray of Gray Sky...
  18. Jamie McKane

    SARB will not bail out Eskom

    SARB will not bail out Eskom South Africa’s central bank won’t bail out the country’s troubled state-owned companies including power utility Eskom Holdings SOC Ltd. because it would fuel inflation, Governor Lesetja Kganyago said. Speaking in interview Tuesday hours before the ruling African...
  19. Jamie McKane

    How Eskom screwed South Africa

    How Eskom screwed South Africa It isn’t difficult to find the main culprit behind South Africa’s biggest economic contraction in a decade: Eskom Holdings SOC Ltd., the state-monopoly power provider. Gross domestic product slumped an annualized 3.2% in the first quarter, after expanding 1.4% in...
  20. Jamie McKane

    Eskom CEO collapsed and sent t hospital - Report

    Eskom CEO collapsed and sent t hospital - Report The Rapport newspaper reported that Eskom CEO Phakamani Hadebe collapsed twice at his office this year and was driven away by ambulance. This followed news on Friday that Hadebe has resigned and will step down as Eskom chief executive at the end...
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