Zimbabwe has increased the average electricity tariff by 320% to let the State power utility ramp up production and improve supplies at a time of daily rolling power cuts, the national energy regulator said on Wednesday. Power cuts lasting up to 18 hou…
Zimbabwe quadruples electricity prices to fund power investment Read More »
Given the socioeconomic challenges facing South Africa, State-owned Eskom chairperson and acting CE Dr Jabu Mabuza on Thursday reiterated the power utility’s support for an energy mix that is based on providing reliable energy to the country. This shou…
‘No future without Eskom’, says Mabuza Read More »
An overarching challenge to businesses of all sizes in South Africa, is the lack of reliable and competitive power, says South32 COO Mike Fraser. The reliable and competitive supply of power, he adds, “is critical” to the country’s future industrial gr…
South32’s Fraser stresses importance of reliable, competitively priced electricity Read More »
Eskom Holdings’ stand-alone credit profile was downgraded one-notch at Fitch Ratings, signaling the South African power utility’s worsening ability to repay debt without additional government support. Weakening revenue growth, profit-margin compression…
Eskom’s stand-alone credit rating cut deeper into junk at Fitch Read More »
Debt-laden South African power utility Eskom Holdings has narrowed its search for a new chief executive officer as the government finalizes a plan to rescue the business. The measures are key in a state effort to overhaul what’s seen as the biggest thr…
October is deadline for Eskom with CEO, rescue plan awaited Read More »
South African power company Eskom Holdings has shortlisted three candidates for chief executive officer to lead the loss-making utility out of its debt crisis, according to three people familiar with the process. Andy Calitz, who started his career as …
Eskom’s CEO-shortlist candidates include former executive Maroga Read More »
While Cabinet considered the much-anticipated update to South Africa’s Integrated Resource Plan for electricity at its meeting on Wednesday, Minister in The Presidency Jackson Mthembu said discussions had not yet been concluded. Mthembu attributed the …
Cabinet considers, but fails to approve, IRP update Read More »
Eskom Holdings, the State-owned South African power utility with about $30-billion of debt, sought advisers on how to implement a government bailout seven months after President Cyril Ramaphosa said the company would be reorganised. Eskom issued an inv…
Eskom sought advisers to help implement government bailout Read More »
Public Enterprises Minister Pravin Gordhan has called on Eskom to be vigilant in checking costs and contracts in a bid to reduce unnecessarily high prices and stop corruption in every step of its supply chain. “We’ve been saying to the Eskom management…
Gordhan urges Eskom to be vigilant in checking procurement costs Read More »
Fixing loss-making power utility Eskom Holdings is complex and it will take time for the government and the company to agree to a plan, according to Moody’s Investors Service. The energy firm, which supplies about 95% of the country’s power, has R450-b…
Moody’s says fixing Eskom is complex, will take time Read More »
