The public enterprises ministry said on Thursday that a China Development Bank loan to struggling state-owned Eskom is not in jeopardy.
Eskom had expected to draw down R7bn from a $2.5bn CDB loan facility by late March, but the finance ministry said in a report to parliament last month that the drawdown had been delayed. The government and Eskom are working to ensure the transfer of funds from CDB to Eskom, the public enterprises ministry said in a statement.
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Local government nailed as Eskom hikes prices and ratepayers reduce usageCash-strapped South Africans are using less electricity due to sharp price increases and irregular supply as a result of load-shedding, which means less money for municipalities - themselves under pressure to find money to fund service delivery.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Ramaphosa: Unions will be part of solution for Eskom going forwardThe tripartite alliance has presented a united front going to elections, but the elephant in the room is Eskom. Why not before? You actually meant “part of the problem”
Source: ewnupdates - 🏆 30. / 53 Read more »
ANALYSIS: Unions are at a power crossroads and – like with Eskom – it is precariousTrade unions have been one of the dominant forces in South African politics for more than three decades. But as the world races into the Fourth Industrial Revolution and a global gig economy, they could find that political power drastically diluted.
Source: dailymaverick - 🏆 3. / 84 Read more »
Cities suffer every time Eskom hikes prices – reportEvery time there is an increase in tariffs, each city loses payers to electricity theft, alternative energy, and reduced consumption.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Implats foregoes up to R250m revenue to Eskom disruptionsPlatinum industry losses to Eskom electricity disruptions mount to nearly R2bn in the first quarter according to the world's two leading miners of the metal.
Source: BDliveSA - 🏆 12. / 63 Read more »
Implats foregoes up to R250m revenue to Eskom disruptionsPlatinum industry losses to Eskom electricity disruptions mount to nearly R2bn in the first quarter according to the world's two leading miners of the metal. Why did management get caught with their platinum pants down? Who audited Eskom's reliability? Who would start a hamburger business without a butcher's guarantee?
Source: BDliveSA - 🏆 12. / 63 Read more »
Eskom burns on through bailout | Business | M&G🔒 Concerns are growing about whether Eskom will bankrupt itself to keep the lights on for the next 10 days until the national elections. This comes after the government coughed up a R5-billion emergency bailout at the beginning of April. 😳😳 question is can the count? What's a 0 here and there between themselves?
Source: mailandguardian - 🏆 2. / 92 Read more »
Load shedding over 10 years: Eskom, the economy and fiscal crisisEconomy out of recession but still in the dark.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
SCORPIO: Victim, villain or pawn: Why Eskom ‘whistle-blower’ Suzanne Daniels was firedSuzanne Daniels, who was sacked as head of legal and compliance of Eskom on Friday, was a whistle-blower and a doer of good in the eyes of the public, but failed to convince the chairman of her disciplinary hearing that her intentions were all that noble. This fight is far from over but Daniels’s case has been dealt a serious blow.
Source: dailymaverick - 🏆 3. / 84 Read more »
To fix Eskom, we first need to know how it got brokenThe technical and economic factors that explain we ended up in such an electrically charged mess, are a good place to start, writes Guy Joubert Incompetence, graft, corruption and theft is what broke this utility !
Source: BDliveSA - 🏆 12. / 63 Read more »
Eskom promises to restore power to parts of NW after heavy rainsThe power utility said the affected areas included Coligny, Lichtenburg, Ventersdorp, Bloemhof, Mimosa and surrounds.
Source: ewnupdates - 🏆 30. / 53 Read more »