Eskom

 

Decolonised Zimbabwe Begging Neighbours for Electricity to Stop Daily 12 Hour Blackouts!

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Decolonised Zimbabwe Begging Neighbours for Electricity to Stop Daily 12 Hour Blackouts!

Like in South Africa, where the simple maintenance and upkeep of a fully functioning infrastructure seems to be a challenge to African regimes, Zimbabwe who was once a powerhouse in Southern Africa, has been reduced to asking its neighbours to commission new power plants to supply Zimbabwe, as it seems it cannot even commission its own power plants anymore.
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Steinhoff implosion staggers SA

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The collapse of Steinhoff International’s share price this week, following allegations of accounting fraud, is being described as the biggest corporate failure on the JSE so far, but it may just be the tip of the iceberg. On Thursday afternoon, Finance Minister Malusi Gigaba said he supported a decision by the Financial Services Board (FSB)..
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Just in SA – Power tariffs increase, municipalities do not pay

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Eskom has tried to explain their request for a tariff increase of almost 20 percent to Nersa, but it seems that several municipalities simply do not pay for Eskom services. Direct consumers of Eskom Power, such as farmers and industries, will be severely affected by the requested tariff increase. Now it appears that Eskom does..
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ESKOM FACING CASHFLOW TROUBLE – THEN STOP SPENDING MONEY ON BONUSES

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Eskom spokesman Khulu Phasiwe said the firm’s sales growth had been muted while its operating cost was very high and its tariff for the current financial year was low. South Africa’s scandal-plagued power utility Eskom said on Monday it was not insolvent but was facing serious liquidity issues and would be in “trouble” if the..
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BLSA tells Eskom: ‘You remain suspended’

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Business Leadership SA on Monday reiterated the suspension of Eskom from the organisation. BLSA said it is holding high-level discussions with Eskom’s acting CEO‚ Sean Maritz‚ regarding serious allegations of corruption and state capture that had led to the suspension of the power utility from the organisation. “The first of these meetings was held on..
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Business Leadership South Africa suspends Eskom and Transnet

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Business Leadership South Africa on Thursday booted out state-owned entities Eskom and Transnet for their involvement in corruption and state capture with immediate effect. The announcement comes as BLSA launched its #BusinessBelieves campaign in Cape Town, where it signed a “contract” with South Africa, pledging to do even more to create jobs and grow and..
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How Brian Molefe Almost Walked Away From Eskom With R111,000 A Month Until He Dies

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Presentations made to parliament regarding the R30 million retirement package Eskom wanted to pay its former CEO, Brian Molefe, has revealed exactly how the power utility worked out how much he should get paid. According to Sibusiso Luthuli, CEO of the Eskom Provident and Pension Fund, the fund was asked to calculate how much Molefe..
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Former Eskom CEO approved R66-million deal that benefited his sister – No end to corruption

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Former Eskom acting CEO Matshela Koko has been found to have “personally signed off on a deviation order that allowed his stepdaughter’s company Impulse International, to score a R66m deal from Eskom without going out to tender.” Business Day reported on Thursday that they had obtained a copy of a confidential “sole source justification” memo…
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ConCourt rules on new owners’ historical debt.

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The Constitutional Court on Tuesday ruled that new home owners are not liable for historical debt taken over from previous owners. Municipalities such as Tshwane, eThekwini and Ekurhuleni — as well as the cooperative and governance minister — argued against a landmark high court judgment in 2016, which made a similar ruling. The high court..
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Eskom wants to give Molefe R11-million golden handshake

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Public Enterprises Minister Lynne Brown this week quashed yet another bid by Eskom’s board to pay former CEO Brian Molefe a multimillion-rand golden handshake. The request to pay Molefe a settlement of R11.2-million was made to Brown by interim board chairman Zethembe Khoza. It came just months after the minister rejected an initial bid to..
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