Eskom restructure will take another two years: David Mabuza

2020-09-03 05:51:00 PM

Eskom restructure will take another two years: David Mabuza

Eskom restructure will take another two years: David Mabuza

The government only envisages completing the process of restructuring or unbundling Eskom into three separate entities in 2022,Deputy President David Mabuza told parliament on Thursday.

Image:GCISThe government only envisages completing the process of restructuring or unbundling Eskom into three separate entities in 2022.This is according to Deputy President David Mabuza, who announced this while responding to oral questions in the National Council of Provinces on Thursday.

This was Mabuza's first appearance in parliament in several months after his previous question-and-answer sessions were postponed in July and in August owing to ill-health.Responding to a question from ANC MP Tshitereke Matibe, Mabuza reported steady progress in the restructuring of Eskom into three entities — a move President Cyril Ramaphosa first announced in his 2019 state of the nation address.

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David Mabuza faces grilling from MPsDeputy President David Mabuza will face tough questions in Parliament over the looting of Covid19 funds and the crisis facing Eskom_SA.

Eskom fails to meet conditions attached to R59bn bailoutEskom has failed to meet some of the conditions attached to the R59bn it received from the government last year to service its debt through the special appropriation bill

SA vehicle sales take another year-on-year plunge in August, as Eskom hinders recoverySouth Africa’s new vehicle market is not showing any significant signs of recovery, despite the slight month-on-month sales increase. Let’s take a look at what went down in August: IOLmotoring

Eskom warns loadshedding could last for the rest of this week.Eskom_SA has warned that Loadshedding could last for the rest of the week as a result of more constraints on the generation system.

Eskom expects 5 generating units back in service today after breakdownsTen units went down at seven power stations on Sunday evening, and the power utility implemented stage two load shedding on Tuesday.

Eskom confirms stage 2 load-shedding from 8am on Wednesday'Due to the continuing severe generation supply constraints as a result of multiple unit breakdowns, Eskom will continue to implement stage 2 load-shedding from 8am until 10pm [on Wednesday],' the power utility said in a statement.

Deputy president David Mabuza during a question and answer session in parliament on Thursday.Email Share Cape Town – Deputy President David Mabuza will face tough questions in Parliament over the looting of Covid-19 funds and the crisis facing Eskom..Email Share JOHANNESBURG - While the South African new vehicle market saw a modest improvement of 3.

Image: GCIS The government only envisages completing the process of restructuring or unbundling Eskom into three separate entities in 2022. This is according to Deputy President David Mabuza, who announced this while responding to oral questions in the National Council of Provinces on Thursday. Mabuza confirmed on Monday, during the post-NEC briefing, that he had just returned to work after being unwell. This was Mabuza's first appearance in parliament in several months after his previous question-and-answer sessions were postponed in July and in August owing to ill-health. Finance minister Tito Mboweni imposed the disposal of the Eskom Finance Company as one of the condition attached to the R59bn, saying it was not core to the utility's operations. Responding to a question from ANC MP Tshitereke Matibe, Mabuza reported steady progress in the restructuring of Eskom into three entities — a move President Cyril Ramaphosa first announced in his 2019 state of the nation address. Some of the questions to be answered by Mabuza relate to the looting of Covid-19 funds. In that Sona, Ramaphosa said that to beef up its operational efficiency, Eskom would be unbundled into separate firms: one responsible for generation, one for distribution and one for transmission.4 percent.

Mabuza has been appointed by Ramaphosa to lead a task team on the sustainability and turnaround of Eskom. The Special Investigating Unit is probing a number of departments and companies involved in corruption. “They were not able to dispose with that. “We're pleased by the progress we're making, better transforming and improving the performance of Eskom under the leadership of the new CEO,” he said. “The timeline can be up to 2022. Mabuza also faces questions from NCOP members over the crisis at Eskom. We hope by that time we'll have completed the restructuring of the whole entity, dividing into three entities. He also reported “partial compliance” by Eskom on the conditions attached to cost containment and construction completion plans for the Medupi and Kusile power plants.” Mabuza then moved to apologise to the country for Eskom's ongoing load-shedding, which on Wednesday suddenly moved from stage 2 to stage 4, meaning residents and the economy could now experience power cuts up to three times a day. Eskom admitted to the standing committee on appropriations on Wednesday that its debt had increased from R440bn to R448bn.1 percent of vehicle sales in August took place through the conventional dealer channels, while 4.

“We must apologise for the continued disruptions in terms of energy supply. This is because of our maintenance challenges. Political Bureau. Our people and honourable members will understand that we're dealing with a very old fleet and from time to time it presents operational problems,” he said. “We're confident with the introduction of Medupi and Kusile into the grid — I think Medupi would be operational at the end of the year, if everything goes well — gradually it will reduce pressure on the generation of electricity.” But DA MP Armand Benjamin Cloete was not sympathetic to Mabuza and his Eskom load-shedding woes. On an equally worrying note, vehicle exports were down by 46.

“South Africans and the economy lose billions due to load-shedding. Now you say our people will understand, but they don't understand why we had stage 2 and stage 4 yesterday. So I would like to know from you, deputy president, are high levels of load-shedding [expected] in the coming weeks?” asked Cloete. But Mabuza merely repeated that Eskom was running old power plants which had aged, presenting maintenance problems. “South Africans must be confident that we're going to get out of this problem. Currently Naamsa is not reporting individual new car sales figures, However, Toyota has disclosed that it sold 3610 Hilux bakkies in August, which would certainly have made it the country’s top selling vehicle.

Why I am saying so is that there's a new-build programme. The new-build programme allows for the introduction of additional capacity. It will come from Medupi and Kusile. “We're also opening another window of independent power producers that will come. We're expecting more than 2,000 megawatts that will come from that direction.” Yet there are some good deals out there Further month-on-month gains are certainly a possibility for the remainder of the year as car dealers pitch numerous special deals at consumers in an effort to stimulate the market, as WesBank marketing head Lebogang Gaoaketse points out.

” Another DA MP Christiaan Smit said Mabuza's answers were “quite discouraging ... that we'll see as we go.” TimesLIVE .