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 […]
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 […]
Eskom recently announced that Medupi’s Unit 1 produced power for the first time on 27 August 2019 at 17h36, generating 190 MW, making it the last of the six of the Medupi Power Station’s units to be synchronised to the national grid. The synchronisation process ensures that the new generating unit is aligned with all […]
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 […]
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 […]
. 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 […]
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 […]
. 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 […]
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 […]
Eskom recently launched its new “ska baiza” campaign which is aimed at educating communities about the safe use of electricity. Derived from everyday South African “township lingo”, “U-ska baiza” means “don’t do anything foolish”. Eskom will spread this message across the country during August, actively engaging schools and communities to ensure that the safe use […]
