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Eskom considers sale of mortgage business

By: Reuters     12th April 2018 South Africa's state power utility Eskom is sounding out possible buyers for its mortgage business, a tender document showed on Wednesday, in what would be the first major privatisation deal under President Cyril Ramaphosa. Ramaphosa has made revamping state-owned firms like Eskom a top priority... 

Eskom goes to Parliament to argue its case for a higher tariff increase 

By: Kim Cloete     27th March 2018 Eskom’s top officials have gone to Parliament to argue their case for a higher tariff increase, saying the 5.23% tariff increase for 2018/19 granted by the National Energy Regulator of South Africa (Nersa) would seriously harm the utility. “The 2.2% price increase for 2017/18 has strained the... 

Eskom to cut electricity supply to Free State municipality

By: African News Agency      16th March 2018 Power utility Eskom said on Friday it was left with no choice but to intermittently cut electricity supply to Free State's Tokologo Municipality after debt repayment negotiations failed. ''After allowing the municipality a grace period to meet Eskom’s terms to settle its outstanding debt of R36... 

AECOM powers grid inter-connection in the African energy sector

By: Creamer Media Reporter      7th March 2018 AECOM's extensive experience in this regard includes its involvement with the 2 000 km regional power interconnector project that will link the Zambian, Tanzanian, and Kenyan (ZTK) electricity grids. Not only will this boost power generation and distribution within the SAPP and EAPP,  it is also... 

Competition Commission exposes alleged collusion in R4.5bn Eskom tender

By: Megan van Wyngaardt     6th February 2018 A Competition Commission investigation has found evidence of alleged price fixing and collusive tendering, involving an Eskom tender worth R4.5-billion, on the part of Waco Africa, acting through its division SGB Cape, as well as Tedoc Industries, Mtsweni Corrosion Control and Superfecta Trading.... 

Koko‏ suspended from Eskom

By: African News Agency      1st February 2018 Eskom's head of generation Matshela Koko on Wednesday, confirmed that he was suspended from South Africa's power utility. "I have since this evening received a confirmation of my suspension from Eskom. I have been served with new charges. I welcome these developments and once again look forward... 

Former Transport Minister details undue pressure from Tony Gupta for rail contract

By: African News Agency      31st January 2018 Deputy Public Enterprises Minister Ben Martins on Wednesday told the parliamentary inquiry into Eskom that Tony Gupta threatened court action when he failed to subvert the tender process for new trains for the Passenger Rail Agency of South Africa (Prasa). Martins conceded that he interacted with... 

Eskom cannot commit to nuclear expansion – acting CFO  

By: Reuters     30th January 2018 South Africa's power utility Eskom cannot afford a nuclear power station expansion, acting Eskom chief financial officer Calib Cassim said on Tuesday during the release of its financial results. South Africa's government has said it will push ahead with its nuclear expansion plan but will now do... 

Rand weaker ahead of Eskom corporate results

By: Reuters     30th January 2018 South Africa's rand weakened against a stronger dollar in early trade on Tuesday, as investors waited anxiously for cash-strapped power utility Eskom to post their financial results. At 0611 GMT, the rand traded at 12.0200 per dollar, 0.59 percent weaker than its New York close on Monday. 

Deputy Chief Justice Zondo to hold briefing on State capture inquiry

By: News24Wire      23rd January 2018 Deputy Chief Justice Raymond Zondo is expected to reveal further details of the commission of inquiry into allegations of State capture at a briefing in Midrand on Tuesday as the State takes steps against some of the people implicated in the claims. On January 9 this year President Jacob Zuma... 

New Eskom board will provide 'comfort' to markets – Phasiwe

By: News24Wire      22nd January 2018 The newly appointed Eskom board will provide the reassurance markets have been seeking around issues of corporate governance at the power utility, said spokesperson Khulu Phasiwe. Speaking to Fin24 by phone on Monday, Phasiwe explained Eskom and Treasury would be approaching financial... 

Rigging the nuclear outcome?

By: Saliem Fakir     15th December 2017 At the time of writing, it appeared nuclear would be ramped through before the African National Congress elective conference, which starts on December 16. New Energy Minister David Mahlobo says we need nuclear. There have been a lot of platitudes about jobs and industrialisation, and that nuclear... 

Ramaphosa rules out IMF assistance for Eskom

By: African News Agency      30th November 2017 Deputy President Cyril Ramaphosa on Thursday emphatically ruled out International Monetary Fund (IMF) assistance for struggling State-owned power utility Eskom, saying it could cost the country in terms of sovereignty. "Eskom is a jewel of our democracy and we need to pay attention to it and we... 

Study urges Eskom to accelerate station decommissioning, curtail Kusile to shore up solvency

By: Terence Creamer     15th November 2017 A new study argues that cash-strapped Eskom could make immediate costs savings of up to R17-billion and boost its liquidity, without undermining security of supply, by accelerating the decommissioning of three of its older coal-fired power stations and by halting construction of units 5 and 6 at... 

Guptas sell Tegeta to Swiss owner

By: News24Wire      23rd August 2017 Gupta-owned Oakbay Investments has sold Tegeta Exploration and Resources to Swiss-based Charles King SA for R2.97-billion, it announced on Wednesday. This is the second sale announced by the Guptas this week. They announced on Monday that Oakbay would sell its media assets, broadcaster ANN7 and... 

Leading power firms showcase new technologies to Africa

3rd August 2017 75 international exhibitors and over 2,800 delegates converged at the Sandton Convention Centre for the fifth annual POWER-GEN & DistribuTECH Africa in July, to explore power solutions and discuss strategies and technologies for power sector growth on the continent. With the urgent need for... 

IDC reports strong rise in support for black industrialists as disbursements fall  

By: Terence Creamer     31st July 2017 South Africa’s Industrial Development Corporation (IDC) has announced that its funding approvals have increased to a record R15.3-billion in 2017, but also confirmed that it would not meet a five-year target, set in 2015, of R100-billion in approvals by 2020. Presenting the financials in... 

Visions of African super grid at POWER-GEN & DistribuTECH Africa

18th July 2017 Urging faster, more innovative power generation and distribution, pan-African power experts attending POWER-GEN & DistribuTECH Africa this week predict that Africa could share infrastructure, knowledge and skills to take affordable, reliable and cleaner power across the continent. Speaking at the... 

Eskom confident of its ability to implement new nuclear build programme 

By: Keith Campbell     29th March 2017 A Request for Proposals (RFP) for new nuclear power plants (NPPs) and a new research reactor could be issued by the middle of this year. This was reported by Eskom chief nuclear officer Dave Nicholls at the Nuclear Africa 2017 conference on Wednesday. In parallel, the process of obtaining the... 

Eskom cancels supplier contract owing to inferior coal 

By: Creamer Media Reporter      29th March 2017 State-owned power utility Eskom has terminated a contract with a major coal supplier to its Tutuka power station after discovering the coal supplied was not extracted from the contracted collieries. The parastatal, following strict monitoring of the coal quality to the station, revoked the... 

Outa calls for judicial enquiry into Eskom’s affairs 

By: Natasha Odendaal     17th February 2017 The Organisation Undoing Tax Abuse (Outa) on Friday called for a full judicial commission of enquiry into State-owned Eskom's affairs, following the release of a redacted version of the so-called Dentons report into corruption at the parastatal. International legal firm Dentons conducted a... 

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