Posts tagged as Lynne Brown

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 […]

Key issues that Eskom is simply not ready to acknowledge publicly yet

It is now approaching 100 days since Public Enterprises Minister Lynne Browne appointed new Eskom Group Interim CEO Johnny Dladla to replace suspended former interim CEO Matshela Koko, who in turn was appointed to replace disgraced previous CEO Brian Molefe. Since then, the industry and the country has been waiting with bated breath for Mr. […]

Minister calls on industry to light up Africa

  Addressing delegates at the opening of the 2017 PowerGen and Distributech Africa conference and exhibition, Lynne Brown, the minister of public enterprises, said that in satellite photos, Europe, North America and other regions were lit up like Christmas trees, while Africa remained the “dark continent”. In her keynote address, Brown called on stakeholders at […]

Eskom blows R311-million

  City Press reports that Lynne Brown, the minister of public enterprises, is demanding answers from Eskom’s chairperson, Ben Ngubane, its board and acting CEO Matshela Koko about R310,8-million that was irregularly spent on an unapproved project. Brown, according to a letter obtained by City Press, expresses a concern that Eskom went ahead with its […]

Ingula synchronised to the national grid

  Lynne Brown, the minister of public enterprises, says that Unit 3 of the Ingula storage pump scheme was synchronised to the national electricity grid on 6 March 2016. Eskom’s Ingula storage pump scheme, which is being built on the escarpment of the Little Drakensberg in KwaZulu-Natal, is designed to provide 1332 MW to the […]

The electricity sector – understanding the drama and moving forward

  For too long government, Eskom and electricity customers have been complacent in the belief that the old way of doing things is adequate. The reality is quite different, and it is disingenuous for the president of South Africa to paint the picture that the electricity supply problems currently being experienced are primarily a result […]

Eskom shake-up on the cards…

  Shortly after new minister of public enterprises, Lynne Brown, read Eskom Generation the riot act at the 2014 Eskom financial results presentation on 11 July 2014, there are signs that a significant shake-up is on the cards at Eskom. Mike Rossouw, former general manager engineering at Richards Bay Minerals, group executive strategy and risk […]

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