Eskom has managed to secure a R5 billion loan from the Public Investment Corporation (PIC). In a statement released on Monday the PIC and the Government Employees Pension Fund (GEPF) said that it had agreed to advance a R5 billion ridging facility...
Newly appointed Eskom interim Group Chief Executive (GCE) Phakamani Hadebe is confident that the utility can turn the corner despite current challenges. Briefing reporters at the interim results announcement on Tuesday, Hadebe said while challenges...
The acting head of group capital at South Africa’s Eskom has resigned, the state-owned power utility said on Tuesday, adding to a growing list of executives leaving the company. Spokesman Khulu Phasiwe said Prish Govender did not give a reason for...
Eskom has wasted no time in displaying its high hopes for its new board by announcing plans to ask banks to reopen lending facilities which were suspended last year. The move according to Eskom spokesperson Khulu Phasiwe is part of the utility’s...
Eskom’s Chief Financial Officer Anoj Singh has resigned with immediate effect, the power utility announced on Monday. The Parastatal in a statement confirmed that it had received a formal letter of resignation by Singh via his attorneys. “The board...
Deputy President Cyril Ramaphosa has appointed a new board at Eskom and named Jabu Mabuza as its chairman in an effort to strengthen governance and management at the parastatal, the presidency said on Saturday. According to the presidency the...
Deputy President Cyril Ramaphosa says South Africa’s economy can only stabilise if there is stability in the country’s State-Owned Enterprises (SOE). This comes in the wake of numerous claims of financial mismanagement and concerns over governance...
Finance Minister Malusi Gigaba says South Africa’s Treasury cannot afford to bail out Eskom. Speaking at a pre-WEF breakfast meeting in Johannesburg Gigaba warned that if Eskom was not dealt with urgently, the country’s economy could collapse by...
Energy expert Ted Blom believes distributed generation will slice electricity costs by up to 90% for the average household. Blom says South Africa and the world is at the precipice of revolutionary developments in energy generation and...
