Koko’s disciplinary hearing at Eskom heads south…

The fifth day of the disciplinary hearing of suspended acting Eskom Group CEO and head of generation, Matshela Koko, got off to a very slow start on a wet, cold Saturday morning on 25 November 2017. The day commenced with a continuation of the inconclusive evidence of Alison Seckle, Eskom’s manager of governance and acting […]

Eskom’s latest work on the IRP for the DoE rejects nuclear

The findings of the latest work on the draft Integrated Resource Plan for Electricity, IRP 2017, by Eskom for the South African Department of Energy (DoE) are proving to be somewhat problematic for Energy Minister David Mahlobo. Click here to download the full Eskom IRP 2017 study for DoE dated November 2017 As a result, […]

Eskom powers ahead with nuclear plans, report shows

Despite terminating its nuclear new build request for information in 2017 following a court decision to halt the process, Eskom is powering ahead with plans in preparation for the tender programme to be rebooted.  Acting Eskom Group CEO Sean Maritz Nuclear vendors from France, Russia and China had prepared lengthy documents to submit to Eskom […]

Eskom’s sales, revenue and debtor management challenges

The low electricity price increase granted by the regulator, NERSA, for the 2016/17 financial year, coupled with declining sales volumes, rising costs and debtor payment challenges, are all working to put Eskom’s revenue, cash flow and bottom line under severe pressure. As a result, the Eskom Group profit of R6,38-bilion for the 6-month period ending […]

An alarming picture emerges as Eskom’s liquidity dries up

A final draft report from Eskom to its shareholder for the second quarter of 2017 ending 30 September 2017 paints an alarming picture of funding difficulties and declining liquidity (cash and cash equivalents plus investments in securities), primarily driven by perceptions of poor governance. The report, which has been viewed by EE Publishers and Fin24, provides […]