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South Africa’s long-term growth outlook remains weak, warns Moody’s 

By: Simone Liedtke     16th May 2019 With South Africa’s sixth democratic election having run its course, ratings agency Moody’s expects the country’s new government, once formed, to put forward not just steady policies, but also to continue tackling the country’s main challenges, namely low growth, steadily rising debt, leveraged... 

Nersa slams Mashaba’s ‘misleading’ statement on municipal tariff increase 

By: Sashnee Moodley     15th May 2019 The National Energy Regulator of South Africa on Wednesday hit back against City of Johannesburg Mayor Herman Mashaba, following his statement that Nersa was rewarding corruption at State-owned power utility Eskom with a municipal tariff increase. The City of Johannesburg issued a statement on... 

Ramaphosa says to speed up economic reforms, fix Eskom 

By: Reuters     15th May 2019 President Cyril Ramaphosa said on Wednesday that he would use a new five-year term to speed up economic reforms and fix ailing state power firm Eskom, a week after his African National Congress party was re-elected with a reduced majority. Analysts have said reforms like cutting red tape and... 

Energy expert Ted Blom confirmed for African Utility Week and POWERGEN Africa: “Open the grid before Eskom finally collapses” 

13th May 2019 Mother City to welcome 10 000+ power and water experts   Independent energy expert Ted Blom, who has just been confirmed as a featured speaker for the upcoming African Utility Week and POWERGEN Africa, says the country’s power grid “should be opened before Eskom finally collapses.” The 19th... 

Over 400 organisations, small businesses join class action against Eskom

By: News24Wire      7th May 2019 A law firm believes that its plans to launch a class action against Eskom over load-shedding are viable, despite a previous statement from the power utility that there are limited grounds for such a case to be successful. De Beer Attorneys in April called on businesses and organisations which... 

Eskom spent R47.4bn on diesel in the past ten years 

By: News24Wire      6th May 2019 Between 2009 and 2019, cash-strapped Eskom paid 48 suppliers R47.4-billion for diesel that was burnt to keep the lights on. In response to a Public Access to Information Act request, Eskom provided News24 with its diesel expenditure for the past ten years as well as the names of the suppliers it... 

South Africa brings forward Eskom bailout to avert default

By: Reuters     23rd April 2019 South Africa's government has had to bring forward the bailout of state power firm Eskom, after it rushed R5-billion to the struggling utility earlier this month to avert a default and said more cash could be needed soon. Eskom supplies more than 90% of electricity in Africa's most advanced... 

Kusile power plant project, South Africa

By: Sheila Barradas     18th April 2019 Kusile Unit 3 produced first power on April 14. 

New Kusile unit powers up, 8 months ahead of schedule 

By: News24Wire      16th April 2019 For the first time on Sunday Kusile Unit 3 produced power, according to an internal memo to Eskom staff. According to the note from Eskom's chief operating officer Jan Oberholzer, sent out to staff on Monday, the synchronisation of the unit happened eight months ahead of the scheduled December... 

Eskom CEO tries to allay fears of job losses in internal staff memo

By: News24Wire      16th April 2019 "Will I still have a job in this turnaround of Eskom?" That's the question Eskom Group CEO Phakamani Hadebe hears most often. 

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