insert_link South Africa Eskom’s board has officially announced the appointment of the board of directors Eskom’s board has officially announced the appointment of the board of directors for the National Transmission Company of South Africa. This forms a crucial element of Eskom’s legal separation into three entities – Generation, Distribution, and Transmission. The newly appointed chairperson, Priscillah Mabelane, will lead a team of 12 executives, with Brian Armstrong taking on the role of lead independent director. Eskom board chairperson Mteto Nyati emphasises the move is […] todayJanuary 10, 2024 7
insert_link South Africa SA Minister Ramokgopa says Eskom power stations are showing consistent performance SA's Electricity minister, Kgosientsho Ramokgopa, says Eskom power stations are showing consistent performance peaking by 86.7-percent. Ramokgopa was providing an update on implementation of Energy Action Plan. Medupi is showing 80.7-percent performance and Lethabo 76.4-percent. The minister says power stations such as Duvha, Tutu’s, Kahuna, Camden, Hendrina and Grootvlei are showing a positive improvement trajectory. todayDecember 22, 2023 11
insert_link South Africa Eskom has requested the National Treasury to convert 16-billion-rand of bailout funds into equity Eskom has requested the National Treasury to convert 16-billion-rand of bailout funds into equity in a bid to alleviate its debt-service burden. According to a report by Moneyweb, Eskom officials told investors that an application has been made to convert the subordinated loan into equity. The report indicates that the conversion into equity would lessen a debt-service burden that has prevented Eskom from carrying out adequate maintenance. This is the […] todayDecember 15, 2023 7
insert_link South Africa Eskom has announced the resumption of Stage 2 load-shedding Eskom has announced the resumption of Stage 2 load-shedding, starting from 4 PM until 5 AM this morning. Load-shedding will then be suspended until 4 PM today, with this pattern expected to continue daily until Sunday afternoon. Eskom spokesperson Daphne Mokoena has attributed the scale-down in power cuts to lower demand and a further improvement in generation capacity. todayDecember 14, 2023 5
insert_link South Africa DA in South Africa has criticised the appointment of Russia’s Gazprombank as an investment partner for PetroSA The DA in South Africa has criticised the appointment of Russia’s Gazprombank as an investment partner for PetroSA, labeling it an energy sector state capture. Gazprombank is expected to assist in the rebuilding of PetroSA’s mothballed refinery in Mossel Bay. DA national spokesperson for Mineral Resources and Energy, Kevin Mileham, has raised concerns about the authenticity of the partnership, pointing out Gazprombank is the financial arm of the Russian state-owned […] todayDecember 13, 2023 41
insert_link South Africa RISE Mzansi says South Africa’s water crisis is a national emergency RISE Mzansi says it is deeply concerned by the ongoing water crisis in parts of South Africa. The Department of Water and Sanitation’s 2023 Blue Drop Report shows that drinking water quality has deteriorated, and water losses have surged over the past nine years. RISE Mzansi’s, Vuyiswa Ramokgopa, says they have already filed a complaint with the South African Human Rights Commission, calling it to investigate the abuse of human […] todayDecember 12, 2023 18
insert_link South Africa Eskom is pinning its hope on the Municipal Debt Relief programme to address arrear debt Eskom says it continues to make efforts to address the arrear debt, particularly municipal debt, however, these have not yielded the desired outcome. As of the end of March this year, arrear municipal debt was at 58.5-billion-rand, a substantial 30-percent year-on-year increase from 44.7-billion-rand in March last year. The top 20 defaulting municipalities account for about 78-percent of total arrear municipal debt. Eskom’s spokesperson, Daphne Mokwena, says they are pinning […] todayDecember 1, 2023 5
insert_link Business / Economics The DA in SA petitions Eskom over alleged misleading load-shedding schedules The DA in South Africa has petitioned the Eskom system operator over alleged misleading load-shedding schedules. The party questions Eskom’s adherence to the national code of practice for load-shedding, citing concerns of potential violations. They call for an investigation into whether the power utility is intentionally deviating from regulations and if such actions have an impact on consumers. The DA’s Samantha Graham-Maré says industry experts suggest some areas experienced 12 […] todayNovember 28, 2023 9
insert_link Business / Economics Eskom has announced that stage 4 load-shedding will persist throughout the week until Saturday Eskom has announced that stage 4 load-shedding will persist throughout the week until Saturday. Eskom’s spokesperson, Daphne Mokoena, says this is due to higher-than-anticipated demand and strained emergency reserves. She says 22-thousand-244 megawatts of generation capacity is not available, forecasting a peak evening demand exceeding 28-thousand megawatts. Mokoena’s announcement comes after the country was subjected to stage 6 load-shedding last week. todayNovember 28, 2023 7