R/€ = 16.20 Change: 0.00
R/$ = 14.32 Change: 0.00
Au 1319.11 $/oz Change: 2.38
Pt 851.62 $/oz Change: 1.40


Zuma says nuclear could've solved load-shedding

22nd March 2019 Former president Jacob Zuma, whose administration has been blamed for the current power outages, has said the power crisis could have been averted if the country had built nuclear reactors.  In an interview with Business Day on Friday, Zuma said the costly nuclear build programme he supported... 

Black Management Forum questions 'lack of transparency' in appointing new Sars commissioner

22nd March 2019 The Black Management Forum (BMF) has said that it is concerned with what it deems to be a 'rushed and guarded' recruitment process in appointing a new commissioner for the South African Revenue Service (Sars). Last week Finance Minister Tito Mboweni reappointed Mark Kingon as the acting head of... 

'Signs are encouraging' load-shedding will be reduced – Eskom

22nd March 2019 Eskom will implement Stage 2 load-shedding on Friday, as strain on the national grid improves and “signs are encouraging” that there will be reduced rotational power cuts as available generating capacity improves, according to Eskom spokesperson Andrew Etzinger. Stage 2 will be implemented... 

Eskom, government plans for Stage 5 and Stage 6 load-shedding to stave off national blackouts

19th March 2019 Eskom and government have started planning for Stage 5 and Stage 6 load-shedding, according to officials who say that there is a race against time to ensure that a national blackout and grid collapse does not happen.  Stage 5 and Stage 6 load shedding imply shedding 5 000 MW and 6 000 MW... 

We only have ourselves to blame – Eskom COO

19th March 2019 Eskom only has itself to blame for the lapse of a contract for early detection of maintenance failures, according to Eskom chief operations officer (COO) Jan Oberholzer. There are currently seven generating units which have broken down due to boiler tube leaks as Eskom struggles to maintain its... 

Mantashe gunning for illegal mining syndicate leaders

19th March 2019 Illegal mining operations and criminal syndicates steal, per annum, the equivalent of the total output of South Africa's legal gold mining operations in 2018. The Mineral Resources Minister Gwede Mantashe, however, has a plan to take down the criminal syndicates and zama zamas. 

Eskom sets aside R50bn over 5 years for maintenance

19th March 2019 Eskom has set aside R50-billion over the next five years for maintenance as ageing infrastructure is unable to keep up with electricity demand, according to the power utility’s CEO Phakamani Hadebe. Hadebe said Eskom had been using its maintenance spend previously on generation alone but will now... 

Eskom needs 'crisis reaction' – Mabuza

19th March 2019 Eskom chairperson Jabu Mabuza says the operational side of Eskom requires “crisis reaction” as well as time and speed to fix the current load-shedding situation. He was briefing the media on Tuesday, along with Minister of Pubic Enterprises Pravin Gordhan as the country entered the fifth... 

'No magic formula to solve power crisis' – Gordhan

19th March 2019 There is no magic formula to solve the current load-shedding crisis and the Minister of Public Enterprises Pravin Gordhan is unable to say when the rotational blackouts will be over. Gordhan was briefing the media on Tuesday, along with senior Eskom officials as the country entered its fifth... 

Gordhan, Mabuza to shed light on SA’s power crisis

19th March 2019 Minister of Public Enterprises Pravin Gordhan and the chairperson of the Eskom Board, Jabu Mabuza, will hold a media briefing to give an update on electricity supply problems on Tuesday morning in Johannesburg.  South Africans have faced five consecutive days of load-shedding, including power... 

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