Posts tagged as finance

Wind industry anticipates the signing of outstanding PPAs

The South African Wind Energy Association (SAWEA) has issued a statement in response to President Ramaphosa’s Cabinet reshuffle this week, which ushered Cabinet veteran Minister Jeff Radebe into the energy portfolio with immediate effect. The association welcomes the appointment of three key ministers who are directly concerned with achieving South Africa’s energy security, regaining investor confidence […]

Can Eskom avoid a financial death spiral?

The challenges Eskom is facing around governance, corruption and state capture are common cause, but it is unfortunately crowding out an even more serious structural problem, which speaks to the very viability of Eskom as a utility company. Cleaning up the company, improving efficiencies and restoring it to its former glory as an efficient operator […]

Eskom’s financial problems – how is it going to dig itself out of the hole?

  The Helen Suzman Foundation’s legal counsellors have taken a good look at Eskom’s financial statements for the year ended 31 March 2017, which were released on 19 July 2017.  The purpose of this brief is to highlight the major cash flow issues which it will have to confront over the next few years. The […]

The answers on Eskom debt – but not from Eskom

  About a month ago, the following questions relating to Eskom debt were put to Eskom and its financial director, Anoj Singh, in writing by EE Publishers, through the official channels of communication, namely Eskom Mediadesk and the Eskom spokesman. Despite numerous re-sends and reminders, and even escalation of the questions to the spokesman of […]

France’s trump card to win nuclear deal

  Fin24 reports that visiting French Minister of Economy and Finance, Michel Sapin, met his South African counterpart, Pravin Gordhan, recently. He apparently explained to Gordhan that France has the capacity to finance and bring guarantees to the financing of the nuclear project. It is understood that Sapin was asked at a press conference if […]

Electricity levy to increase by 57%

  Nhlanhla Nene, the minister of finance, in his budget speech on 25 February 2015, said that he proposes a number of tax measures to promote energy efficiency, which will be discussed further with industry, the electricity regulator, Eskom and other interested parties. The first proposal is a temporary increase in the electricity levy, from […]