Posts tagged as Eskom

South African coal faces bleak outlook

. South Africa’s coal mining industry is on the brink of permanent decline as the country’s main export markets prepare to reduce reliance on imports and global divestment from fossil fuels increases at an exponential rate. Eskom and Sasol, which together take nearly two thirds of the 250-million tonnes of coal produced by South African […]

Without ongoing financial support from government, Eskom will collapse

Eskom’s chairperson and acting CEO, Jabu Mabuza, says that the power utility is no longer able to borrow money from financial institutions – because it is struggling to meet the commitments on its massive existing debt – and that its only short-term option is to turn to the shareholder (i.e. the South African government) for […]

Electricity supply challenges are credit negative, with metros most affected

Municipalities in South Africa are heavily dependent on surpluses from the sale of electricity [1]. In FY2018, surpluses [2] from electricity distribution comprised roughly 44% and 46% of gross operating balance for rated metropolitan municipalities (metros) and local municipalities, respectively, leaving municipalities vulnerable to supply and demand dynamics in the sector. Over the past two […]

No loadshedding this summer, we hope, says Eskom

  Eskom says no loadshedding since March and the synchronisation of the final generating unit at Medupi shows that its turnaround strategy is working. Speaking at the power utility’s latest State of the System briefing recently, Jabu Mabuza, the chairman and acting group chief executive, said that the utility’s nine-point plan is bearing fruit. No […]

Seven things the new Eskom CEO will need to do

At the end of July debt-laden power utility Eskom advertised for a new CEO after Phakamani Hadebe stepped down citing the “unimaginable” demands of the job and its impact on his health. The power utility has had ten CEOs in as many years. The job ad said at the time that the new head would oversee […]

Analysis: Eskom unveils next stage of restructuring and turnaround plan

. A leaked Eskom vision and strategy document, apparently prepared by the Boston Consulting Group for Eskom, has revealed the next steps of a long-awaited restructuring and turnaround plan for the embattled utility.  The document was presented on 22 August 2019 to the Eskom Executive Forum, a group of about 600 senior Eskom managers and […]

Corpses block main gate to Eskom’s HQ

There were amazing scenes at Eskom’s head office in Johannesburg this morning. In a protest action arranged by Greenpeace Africa, the main entrance was littered with “corpses” on cots, and chained together to prevent security personnel from removing them. When EE Publishers’ investigative editor and cub reporter, Chris Yelland, arrived to attend a prearranged meeting […]

Position of new Eskom Group chief executive attracts interest

. Mr Andy (Andries) Calitz, a highly respected leader in the global oil and gas energy sector, has confirmed to EE Publishers that he applied for the job of Group CEO of Eskom Holdings to replace outgoing Group CEO Phakamani Hadebe before the closing date of 2 August 2019. “Given the need for due transparent […]

Response to the application for import tariffs on solar panels

BusinessChief.com reports that SegenSolar, a southern African subsidiary of the UK’s Segen group, has offered an opinion on South Africa’s proposed introduction of tariffs on all imported crystaline silicon photovoltaic (PV) solar panels. On 29 March 2019, the International Trade Administration Commission of South Africa published an application proposing the introduction of tariffs on all […]