R/€ = 16.09 Change: -0.02
R/$ = 14.41 Change: -0.01
Au 1274.48 $/oz Change: -1.02
Pt 814.13 $/oz Change: 1.41


Cosatu wants facts before talks on Eskom job cuts

By: Bloomberg     26th April 2019 South Africa’s largest labour federation is prepared to discuss reducing workers at the nation’s power utility if it’s given proof of over-staffing and that job cuts would save Eskom Holdings. Until now, proposals to turn around the debt-ridden, loss-making utility have been met with fierce... 

Africa's sole nuclear plant undergoes revamp to extend lifespan

By: Bloomberg     18th April 2019 Eskom Holdings, the State utility that supplies 95% of South Africa’s power, is overhauling the continent’s sole nuclear plant with the aim of extending its lifespan by at least 20 years. The revamp of the 1 860 MW Koeberg facility comes as Eskom struggles to produce enough electricity to meet... 

Eskom CEO says 'days of surprises' over as problems exposed 

By: Bloomberg     17th April 2019 Almost 15 months into the job, and the boss of South Africa’s state-owned electricity company is getting to grips with issues spanning corruption to defective power plants that threatened to collapse the grid. “The days of surprises are over,” Eskom Holdings CEO Phakamani Hadebe said in an... 

Goldman says Eskom's crisis leaves no time for unbundling plan  

By: Bloomberg     11th April 2019 South African President Cyril Ramaphosa’s plan to split the State-owned power utility into generation, distribution and transmission divisions will take longer than the government has to revive the business, according to Goldman Sachs Group. Eskom Holdings is focusing on trying to avoid... 

Power shortages in South Africa could get a whole lot worse

By: Bloomberg     8th April 2019 An electricity-supply crisis is looming in South Africa that could make intermittent outages in the past few months seem trivial by comparison. Eskom Holdings, which supplies almost all the nation’s power, will lose more than a quarter of its current generating capacity over the next decade as it... 

Economists split on South Africa avoiding Moody's negative cut

By: Bloomberg     26th March 2019 South Africa may just be able to cling onto the stable outlook of its sole investment-grade rating this week, helping it stay clear of a forced selloff of billions of rand of its debt. Economists are divided on what Moody’s Investors Service will do when it potentially makes an announcement on... 

South Africa may double power purchases from Congo hydro plant

By: Bloomberg     21st January 2019 South Africa is mulling committing to doubling the amount of electricity it will buy from a proposed multibillion-dollar hydro power plant in the Democratic Republic of Congo. Increasing the amount of electricity that South Africa will buy has become a linchpin for the companies seeking to build... 

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