Some investors are getting out of Eskom Holdings dollar bonds amid concern South Africa is taking too long to implement a turnaround plan and explain what it will do about the utility’s $35-billion of debt. Yields on the struggling power company’s doll…
Eskom bonds punished as investors clamour for faster turnaround Read More »
Moody’s pushed state power firm Eskom’s credit rating deeper into subinvestment territory on Tuesday, saying a government plan to reorganise the cash-strapped South African firm would be hard to implement without explicit support from the cabinet. Mood…
Moody’s lowers Eskom’s junk rating on restructuring doubts Read More »
The National Union of Mineworkers (NUM) threatened on Wednesday to cause more power cuts over the government’s decision to forge ahead with a plan to break up struggling State power firm Eskom. Eskom produces more than 90% of South Africa’s electricity…
NUM threatens more power cuts over Eskom split Read More »
Eskom COO Jan Oberholzer says he sees some light at the end of the Eskom tunnel as long as the utility gets financial assistance from government. He told delegates attending the Southern Africa Power Summit, in Cape Town, that Eskom has excellent engin…
Eskom COO sees some light at the end of the tunnel, despite utility’s debt burden Read More »
Zimbabwe’s State-owned electricity distributor, grappling with drought and ageing equipment, said on Thursday it will disconnect mines, farms and other users as it looks to recover $77-million in unpaid bills. The Southern African nation is experiencin…
Zimbabwe to cut power to mines, others over $77m in unpaid bills Read More »
Zimbabwe’s State-owned electricity distributor, grappling with drought and ageing equipment, said on Thursday it will disconnect mines, farms and other users as it looks to recover $77-million in unpaid bills. The Southern African nation is experiencin…
Zimbabwe to cut power to mines, others over $77m in unpaid bills Read More »
Eskom is seeking the setting aside of awards for two contracts and the recovery of R207 716 243.80 for improperly-awarded work, during 2016, from auditing firm Deloitte Consulting. The embattled state power supplier also wants its former chief financi…
Eskom seeks to recover R207m from Deloitte Read More »
South Africa will release a request for information (RFI) in the coming weeks to test the market for solutions to close an immediate electricity supply gap of between 2 000 MW and 3 000 MW, which has emerged primarily as a result of a fall in the energ…
South Africa to test market for emergency power ‘gap fillers’ as IRP is finalised Read More »
Amid a return of the load-shedding spectre, Business Unity South Africa has called for the urgent finalisation of a “least-cost and least-regret” Integrated Resource, which it describes as the first step towards the stabilisation of the country’s elect…
Any further delay to IRP approval will increase load-shedding risk, Busa warns Read More »
State-owned electricity utility Eskom will apply for urgent interim relief against the National Energy Regulator of South Africa’s most recent tariff determination, which it is taking on legal review, arguing that such relief is required to “avoid fin…
