S&P Global Ratings has warned that, while South Africa’s State-owned electricity utility Eskom is currently considered too big to fail, it may well also be “too big to support”, owing to the costs associated with stabilising the group’s finances. S…
Eskom may be ‘too big to support’, S&P warns Read More »
The chief executive of South Africa’s struggling power utility Eskom, Phakamani Hadebe, said on Friday he was stepping down for health reasons after leading efforts to stabilise the highly indebted state firm. Eskom is regularly cited by ratings agenci…
Eskom CEO resigns for health reasons Read More »
The Eskom Sustainability Task Team – which has already had its proposal for the unbundling of the utility into three separate units accepted by government – is now finalising an updated report for President Cyril Ramaphosa which will include a financia…
State-owned electricity utility Eskom reported on Monday that an improvement in plant performance had enabled it to avoid load-shedding for 36 consecutive days since the declaration of an extended period of rotational power cuts in March. However, COO …
Eskom attributes load-shedding-free period to improved plant performance Read More »
The Eskom Technical Review Team, appointed in March to provide an independent assessment of the performance of the State-owned utility’s power stations, says several coal plants can, with strong and empowered leadership, meet the much-vaunted energy av…
Eskom review team says strong leadership key for restoration of plant performance Read More »
The Eskom technical review team, appointed by the Public Enterprises Minister Pravin Gordhan and the Eskom board on March 4, will produce a preliminary report within four weeks, Cabinet said in a statement released on the same day, March 14, that Eskom…
Eskom technical review team to deliver preliminary report in four weeks Read More »
Credit ratings agency S&P Global Ratings has revised its outlook on Eskom to stable from negative, following Finance Minister Tito Mboweni’s announcement of R23-billion a year of additional funding to the debt-laden State-owned electricity utility….
S&P revises Eskom outlook to stable in wake of govt’s R23bn-a-year pledge Read More »
President Cyril Ramaphosa acknowledged on Thursday that there had been insufficient consultation with labour on government’s plan to unbundle Eskom into three separate companies, but he also stressed that the proposed restructuring would not result in …
Ramaphosa promises to correct lack of consultation with labour on Eskom unbundling Read More »
The future structure of South Africa’s debt-laden electricity producer Eskom emerged as the central topic during the debate on President Cyril Ramaphosa’s February 7 State of the Nation Address (SONA), in which he announced that the utility would be sp…
Battle lines drawn as opposition parties contest Ramaphosa’s Eskom unbundling plan Read More »
The National Energy Regulator of South Africa (Nersa) says it will make a ruling on Eskom’s heavily contested revenue application before March 15, but has not committed to a firm date for the release of the determination. Full-time regulatory member No…
Nersa to make Eskom tariff decision before March 15 Read More »
