In an effort to shore up its balance sheet, Eskom is looking to government to absorb R100 billion of its debt Chairman Jabu Mabuza told the Business Day newspaper. The plan, which forms part of the utility’s turnaround strategy, would add 2% to...
School children must have access to adequate sanitation. This is according to Finance Minister Tito Mboweni. Tabling his maiden Medium Term Budget Policy Statement (MTBPS) in Parliament, Mboweni said government is attending to the sanitation issues...
Eskom this week announced its intentions to cut power to the Mafube Local Municipality after it failed to pay its outstanding debt. According to the utility the scheduled interruptions, which began this week, will continue until a satisfactory...
Thava Govender has resigned as Group Executive of Generation for Eskom. Govender, who is set to leave the utility at the end of October, is also Acting Group Executive of Risk and Sustainability. Govender has worked for Eskom for 27 years and...
With rising concerns about global warming and a push toward ethical underwriting, global insurance companies are taking steps to distance themselves from coal in the wake of climate change concerns. Late last year, insurance giant Zurich announced...
Unit 2 of Eskom’s Medupi power station has come online eight months ahead of schedule. According to the utility Unit 2 at Medupi Power Station produced its first power on Sunday, 7 October, ahead of the June 2019 schedule. The unit was loaded to...
Johnny Dladla has resigned as Chief Executive Officer of Eskom Rotek Industries. Dladla is set to leave Eskom’s subsidiary at the end of October to pursue private business interests. “His successor will be announced in due course,” said the power...
Eskom has placed one of its executives on precautionary suspension pending an investigation into maladministration. The utility announced the suspension of Molefi Nkhabu, its head of assurance and forensics, in a statement earlier this week noting...
More than half of Eskom’s power stations are still running low on fuel. According to the utility’s spokesperson Khulu Phasiwe, 10 of Eskom’s 15 baseload stations throughout the country have less than three weeks of coal left. Phasiwe told...
