Pravin is creating highest unemployment in the country those who vote ANC vote for Retrenchments
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We need higher tariffs to manage debt, but it won't solve the problem - Eskom CEOFin24 Then what exactly will solve eskom problems hmmmm? Fin24 or you could stop being so corrupt, and get back the money that was stolen from Eskom! Fin24 How much more debt directly due to corruption does this country and it's people have to sacrifice!! pathetic privatise
Source: News24 - 🏆 4. / 80 Read more »
Bankrupt municipality appoints Eskom to electrify villages without following bidding processesA bankrupt Limpopo municipality has made a bizarre decision to fire a company that would spend only R500 000 to complete electrifying homes in a village and has replaced it with Eskom, which will cost the municipality R9.8 million. So, bidding would have involved parties buying and selling electricity from Eskom? Whereas now they buy direct? Going direct seems reasonable to me.
Source: City_Press - 🏆 7. / 72 Read more »
Eskom pension fund CEO resigns for ‘personal reasons’Meanwhile, at the ANC lekgotla, forcing pension funds to invest in SOEs, such as the debt-ridden Eskom, was suggested
Source: BDliveSA - 🏆 12. / 63 Read more »
EDITOR’S LUNCHBOX: Eskom is borrowing from lenders to pay other lendersAnother option for Eskom is issuing 10-year zero coupon bonds to the PIC in exchange for R100bn in cash, so canceling its debt The death spiral.
Source: BDliveSA - 🏆 12. / 63 Read more »
World Bank says Eskom simply too big to fail'It is just too big to allow it to disintegrate, and fixing all these pieces will be costlier than trying to reform it,' the bank’s country director for SA said at a media briefing in Johannesburg. Fin24 huh? Fin24 Didn't they say the same thing about the banks during the financial crisis Fin24 It's the monopoly energy supplier , so of course . It's also the reason it's in the state it's in.
Source: News24 - 🏆 4. / 80 Read more »
Matshela Koko questions Eskom's failure to meet demand | IOL NewsFormer Eskom head of generation Matshela Koko is questioning how the embattled power utility can fail to meet the demand for electricity.
Source: IOL - 🏆 46. / 51 Read more »
Nersa unlikely to grant Eskom 15% tariff increase: Analyst - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Energy analyst, Chris Yelland, says energy regulator Nersa is unlikely to grant Eskom a 15% annual tariff increase for the next three years.
Source: SABC News Online - 🏆 32. / 51 Read more »
Eskom assessing power supply situationEskom will re-assess the situation when businesses and holidaymakers return and make an announcement to the public about future power interruptions.
Source: ewnupdates - 🏆 30. / 53 Read more »
Eskom: For experts in energy, it’s hopelessly grim, o...It is now well past time to stop fooling ourselves that Eskom’s problems and its indebtedness can be traded out. The focus should be on managing a bad situation as well as possible. DirkdeVos Eskom must start from squatter camps who electrified their shacks.
Source: dailymaverick - 🏆 3. / 84 Read more »
NUM, Numsa plan to go on strike if Eskom goes ahead with retrenchmentsBoth unions handed over a memorandum at Megawatt Park on Wednesday amid fears that their members could be the latest to lose their jobs at the public entity.
Source: ewnupdates - 🏆 30. / 53 Read more »
Eight new senior appointments at cash-strapped EskomAt the time, Eskom’s spokesman, Khulu Phasiwe, said something had to be done to decrease the energy producer’s cost base and that the unions, in a bid to save workers’ jobs, had singled out management structures if retrenchments were to take place. 🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮🤮 Why can't they cut the salary of big bosses?
Source: SowetanLIVE - 🏆 13. / 63 Read more »