Wide-ranging post-SONA interview with Eskom CFO Calib Cassim reveals all…

. Considering its importance to the South African economy, many people are deeply concerned about Eskom’s financial status as a going concern. EE Publishers’ investigative editor and managing director, Chris Yelland caught up with Eskom’s new CFO to find out more about the utility’s financial position. Calib Cassim CA(SA) was appointed Eskom CFO in November […]

Managing expectations and opposition to the restructuring of Eskom

. There has been much speculation in the media on the pending restructuring and unbundling of Eskom. It is expected that President Cyril Ramaphosa will be giving some direction in this regard in his forthcoming state-of-the-nation address on Thursday 7 February 2019. For more than a year, in order to secure ongoing funding, there has […]

Will unbundling Eskom ensure a sustainable electricity system?

. That Eskom needs to be restructured is no longer in question. In its current form, the organisation poses a systemic risk to the South African economy and is “too big to fail”. The real question is what form this restructuring should take.  For sure, the generation assets need to be separated from the transmission […]

Subcontractors, take a stand!

Subcontractors carry out major and important portions of building and construction work but are far too often last in the queue when it comes to recognition and legitimate treatment. The Joint Building Contracts Committee’s  (JBCC’s) Principal Building Agreement (PBA) and the Nominated/Selected Subcontract Agreement (NSSA) are both designed to link the employer with the contractor […]

Nedbank withdraws funding for new coal IPPs

. Nedbank lived up to its slogan as the “green” bank in a decision to  withdraw its funding of two proposed new coal-fired power stations in South Africa, Thabametsi and Khanyisa. This decision fits with the banking group’s commitment to “green” funding, responsible lending and supporting sustainability initiatives. The bank says its initial proposal for […]

Sick benefit fund committee’s statement on sick benefit subsidies

The Sick Benefit Fund Committee for Region A and Region B would like employers to note that the subsidy in relation to contributions to the National Sick Fund will be strictly applied. The main collective agreement requires that employers pay over contributions to the Bargaining Council for the Electrical Industry by the 15th day of the […]

Analysis paralysis over South Africa’s IRP for electricity presents massive economic risk

. It has been four months now since the release of the Department of Energy’s latest draft Integrated Resource Plan for electricity (Draft IRP 2018) for public comment on 27 August 2018, and two months since the closing date for public comments on 25 October 2018. So where’s the IRP? Initially energy minister Jeff Radebe […]

How to deal with Eskom’s ever-rising electricity tariffs

. Eskom has applied to the National Energy Regulator of South Africa (NERSA) for a 15% tariff increase from 1 April 2019 for three consecutive years compounded, on top of a 4,5% RCA price increase already awarded by NERSA for this date, and further RCA applications in the pipeline. The power utility is facing dire […]

Quo vadis Eskom?

The South African economy relies on the availability of a reliable, affordable and adequate supply of electricity. Economic growth is thus dependent upon the success of Eskom as its prime supplier of electricity. The power utility’s leaders are working to improve its performance, but are they moving the utility in the right direction? In a […]