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Court declares major Gupta-era coal contract with Eskom invalid

21st February 2020 The Special Investigations Unit has secured a high court order setting aside a contract worth R3.7-billion between the formerly Gupta-owned mining group Tegeta Exploration & Resources and State power utility Eskom, according to Ministry of Justice and Correctional Services. According to the... 

Stage 2 load-shedding to continue until Sunday as breakdowns increase

21st February 2020 Eskom says that stage 2 load-shedding will continue until 6 am on Sunday morning due to a loss of additional units. "While we expect three generation units to return to service [on Friday], we lost a further two units last night to unplanned breakdowns," the utility said in an power update.... 

Three alleged illegal miners arrested with gold-processing equipment worth R5m

20th February 2020 Three alleged illegal miners arrested with gold-processing equipment worth R5-million were expected to appear in the Westonaria Magistrate's Court in Gauteng on Thursday for illegally processing gold. The men, aged 21 to 47, were arrested on Wednesday on premises in Zuurbekom, west of Johannesburg. 

'They stole most of the ANC's ideas.' Mboweni attacks EFF leaders

20th February 2020 Finance Minister Tito Mboweni took on the Economic Freedom Fighters, tweeting that he championed the concept of a State-owned bank long before "they" did. EFF leader Julius Malema dared President Cyril Ramaphosa to establish a State-owned bank during a State of the Nation debate this week and... 

'We'll make it happen' : Mantashe says plan for new power utility a 'reality'

20th February 2020 Despite President Cyril Ramaphosa not bringing up the establishment of a new power generating entity in his economics-heavy State of the Nation Address, Mineral Resources and Energy Minister Gwede Mantashe says the plan is a "reality". Mantashe on Thursday briefed the media on the energy-related... 

Eskom to resume rolling blackouts after few days reprieve

20th February 2020 South Africa's electricity utility Eskom said on Thursday it would resume rotational power cuts from 9 am after a few days' reprieve and this would likely continue over the weekend. Eskom, which supplies about 95 percent of the country's electricity, has been forced to intermittently apply... 

Govt pension fund: It would be wrong to dismiss Eskom bailout proposal without all the facts

19th February 2020 It would be "untoward" of the Government Employees Pension Fund to dismiss a proposal to bailout debt-laden power utility Eskom without knowing all the facts, MPs heard on Wednesday. The GEPF's Principal Executive Officer, Abel Sithole, and its Head of Corporate Services, Musa Mabesa, briefed... 

Development Bank's R3.5bn bailout of SAA may be depleted by early March – Gordhan

19th February 2020 Minister of Public Enterprises Pravin Gordhan has said that the R3.5-billion in emergency funding that South African Airways received from the State-owned Development Bank of Southern Africa earlier in the year may be depleted by early March. Gordhan was addressing a joint sitting of Parliament's... 

Eskom asks customers to reduce demand as likelihood of power cuts grows

19th February 2020 Eskom has warned of an increased possibility of power cuts later on Wednesday after it lost additional generation capacity due to unplanned breakdowns at some of its power plants.  While the utility is not currently implementing load-shedding, it urged customers to keep reducing demand and use... 

'Speeding' Shosholoza Meyl stopped in its tracks following fatal crash

19th February 2020 The Shosholoza Meyl, a long-distance train service operated by the Passenger Rail Agency of South Africa (PRASA), has been ordered to stop operating with immediate effect. This follows a fatal train crash on February 12, which left one man dead and several others injured when a goods and... 

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