Steep petrol price hike announced for Wednesday; diesel also pricier

Petrol prices will jump on Wednesday amid a supply crunch worldwide, the Department of Mineral Resources and Energy announced on Monday night. The price of both 95 and 93 unleaded petrol will be... 

Gordhan confirms De Ruyter spoke to him about corruption, but he could not act on 'allusions'

Public Enterprises Minister Pravin Gordhan confirmed that former Eskom CEO Andre de Ruyter spoke to him about corruption at the power utility, but never presented any evidence. In an interview with... 

ANC gives De Ruyter seven days to lay criminal charges over corruption at Eskom or else...

The ANC has threatened to file criminal charges against former Eskom CEO André de Ruyter if he doesn't report his allegations of corruption at the power utility, backed with evidence, to law... 

Eskom confirms load shedding schedule for next few days

Stage 4 loadshedding will continue until 16:00 on Monday afternoon, Eskom confirmed. It will be followed by Stage 5 from 16:00 to 05:00 on Tuesday morning. Loadshedding will then be reduced to... 

South Africa has been greylisted

South Africa has been greylisted by the Financial Action Task Force, an intergovernmental body that sets global standards to combat money laundering and terrorist financing.  The move puts South... 

De Ruyter must not 'throw a stone in the bush and hope an animal will run out' - Mantashe

Mineral Resources and Energy Minister Gwede Mantashe says that former Eskom CEO André de Ruyter "must not throw a stone in a bush and hope an animal will come out" - he must name the politicians he... 

'Absolutely not': Sars boss Edward Kieswetter after being approached for Eskom CEO job

South African Revenue Service Commissioner Edward Kieswetter has categorically ruled out the possibility of taking over as CEO of Eskom. Two high-level government insiders have said Kieswetter was... 

Eskom appoints Calib Cassim as interim CEO after De Ruyter's early exit

Eskom chief financial officer Calib Cassim has been appointed as interim CEO following the abrupt departure of André de Ruyter, the power utility announced on Friday morning.  De Ruyter was... 

Godongwana strikes back: De Ruyter is 'economical with the truth' about corruption claims

Finance Minister Enoch Godongwana says that former Eskom CEO André de Ruyter "was economical with the truth" in his comments about corruption at Eskom in a recent interview.  The interview, which... 

CEF hits out at De Ruyter for 'wild allegations' about Russian involvement in SA gas power plans

The Central Energy Fund has lashed out at former Eskom CEO André de Ruyter for speculating that Russia could be involved in its plans to take over soon-to-be-decommissioned plants and turn them... 

Miners trapped underground after pylons weakened by cable theft collapse, cutting power supply

Sibanye-Stillwater miners were trapped underground in Randfontein due to a power supply interruption caused by powerlines that collapsed after being weakened by the vandalism of cable thieves.... 

Cape Town plans contingencies against more loadshedding as power crisis worsens

The City of Cape Town is pulling out all the stops to protect residents in the event Eskom implements Stage 8 loadshedding. Cape Town Mayor Geordin Hill-Lewis said during Stage 8 loadshedding, half... 

R400m Kusile corruption: Lotus sports car, Mpumalanga lodge hooked in court order

The North Gauteng High Court in Pretoria has granted a preservation order freezing a slew of properties and vehicles allegedly bought from the proceeds of a corrupt tender at Eskom's problematic... 

Ramaphosa, Mantashe to oppose legal challenge over energy planning

President Cyril Ramaphosa and Mineral Resources and Energy Minister Gwede Mantashe intend opposing a legal challenge against them over energy planning. In January, two civil society organisations –... 

Continuous Stage 6 implemented, risk of higher stages as eight units break down

Eskom has implemented continuous Stage 6 until further notice after eight generating units broke down on Sunday.  "Given the high number of breakdowns, there is a possibility of further changes on... 

Public sector unions renew strike threat over 'pathetic' wage increase

Nine public sector trade unions said on Thursday they will embark on an "indefinite strike" to force the government to raise last year's wage increase.  The unions also said they would not attend... 

Woman arrested for allegedly colluding with Eskom workers to steal nearly R1m from power station

A Mpumalanga woman has appeared in the Standerton Magistrate's Court in connection with a theft and money laundering case relating to the Tutuka Power Station. Annemarie Stander, 55, was released... 

Cape Town set to ease power cuts further as city gears up to issue first tender

As loadshedding becomes the norm, the City of Cape Town is preparing to launch a 500MW tender for dispatchable power in the coming weeks, and it's looking into shorter contracts with producers.... 

Big petrol price hike expected in March

February may bring a large hike in the petrol price, the latest information from the Central Energy Fund shows. With two weeks to go before the prices are fixed, the fund's data shows that 95... 

MPs to Transnet: Fix this mess you are creating for the ANC government

African National Congress (ANC) and Economic Freedom Fighters (EFF) MPs tore into Transnet Group CEO Portia Derby on Wednesday, accusing her of "doing nothing" to arrest the company's slide into... 

Ratings agencies warn SA ahead of budget about loadshedding risks

With a week to go before Finance Minister Enoch Godongwana tables his budget in Parliament, two global credit ratings agencies have warned of SA's deteriorating risk profile due to the impact of... 

UJ launches two electric buses to cut its emissions

The University of Johannesburg (UJ) this week rolled out two electric buses, which have already started transporting students across its campuses. The buses are part of the university's plans to... 

Inflation cools, but red-hot food prices hit new high

Annual consumer inflation cooled to 6.9% in January, from 7.2% in December. This is the third consecutive month of a decline. But food inflation hit the highest rate since 2009. The consumer price... 

Stage 2 and 3 loadshedding over the weekend

Stage 4 loadshedding will continue from 16:00 on Friday until 05:00 on Saturday morning. It will be downgraded to Stage 3 from 05:00 on Saturday until 05:00 on Sunday, after which it will again be... 

ConCourt shoots down govt appeal over BEE in Covid-19 tourism funds case

SA's highest court has declined to hear an application for leave to appeal a lower court's ruling that found the state was wrong to include Broad-based Black Economic Empowerment (B-BBEE) as a... 

Shoprite, Coca-Cola, Burger King and others urge Ramaphosa to halt fuel taxes

The Consumer Goods Council of South Africa (CGCSA) on Tuesday urged President Cyril Ramaphosa to scrap the sugar tax, as well as suspend the fuel duty and road accident fund levies for the industry... 

South Africa nears an ignoble record: 100 days of blackouts

South Africa is nearing 100 consecutive days of rolling blackouts, the longest stretch yet, with more to come as its electricity crisis deepens. Eskom , the state-owned company that produces almost... 

Johannesburg residents in for 3 more days of pain before water issues ease

Johannesburg Water says it will take more than 72 hours for the water infrastructure attached to the Eikenhof system to recover after the power failure on Sunday. Bulk water supplier Rand Water has... 

Petrol and diesel prices to be hiked this week

Petrol and diesel prices will be hiked on Wednesday, with oil having become more expensive due to stronger Chinese demand. Unleaded petrol (both 93 and 95) will increase by 28c a litre, while... 

Tshwane water crisis: Mayor and Rand Water CEO meet to discuss 'supply challenges'

City of Tshwane Mayor Randall Williams said he had "constructive engagements" with Rand Water on Monday night amid the ongoing water crisis in the metro. The Tshwane metro has suffered water cuts... 

Stage 6 loadshedding returns on Tuesday night after more breakdowns

Eskom has announced that loadshedding will escalate to Stage 6 on Tuesday night, after six generating units suffered breakdowns over the past 24 hours.  Loadshedding will initially jump to Stage 5... 

Cape Town residents urged to reduce water consumption as loadshedding bites

The City of Cape Town is urging residents to use less water as high stages of load shedding are having an impact on water supply operations. Mayor Geordin Hill-Lewis is urging residents and... 

Breather from Stage 4 loadshedding from Saturday

Stage 4 loadshedding will be implemented until 05:00 on Saturday morning, after which it will be reduced to Stage 3, Eskom said on Friday.  Stage 4 loadshedding will be implemented nightly from... 

Eskom to borrow R4bn for diesel as Treasury dishes out tough love

The stand-off between Eskom and the National Treasury over funding for diesel has ended with an agreement that government will support Eskom borrowing from commercial banks, should it be unable to... 

Generators, incentives and tenders: Cape Town forges ahead with loadshedding protection plans

The City of Cape Town has allocated more money for generators and diesel as the country faces the worst of its energy crisis.  The generators will mainly be used at sewage pump stations to prevent... 

Interest rates hiked by 25 basis points

Interest rates were hiked by 25 basis points on Thursday, as the Reserve Bank slashed its expectations for growth this year. Three members of the monetary policy committee voted in favour of the 25... 

Bad news: Petrol, diesel prices set to increase soon

Petrol and diesel prices look set to be hiked in the first week of February. The latest data from the Central Energy Fund shows an expected increase of around 52 cents a litre for 95 unleaded... 

Shorter contracts should get Karpowerships past the finish line – Mantashe

Mineral Resources and Energy Minister Gwede Mantashe says cutting the proposed contract periods with Karpowership from 20 years to 10 years could help government realise its ambitions to procure... 

SANDF deployment to Eskom power stations stretches until March at a cost of more than R200m

Deploying the troops to Eskom power stations and elsewhere in the country for just three months is costing taxpayers just over R200-million. President Cyril Ramaphosa authorised the deployment of 2... 

City Power spends up to R100m a year on substation security

City Power in Johannesburg spends roughly R100-million a year to secure its substations and mini substations from vandalism and theft, according to the spokesperson, Keneilwe Sebola. And the amount...