Posts tagged as Fin24

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 […]

Signing power producers agreements with IPPs will be “financial suicide” for Eskom

A lawyer for the National Union of Metalworkers of South Africa (NUMSA) argued in the North Gauteng High Court on Tuesday that the signing of a deal by power utility Eskom with 27 independent power producers (IPPs) may be financial suicide. Numsa, along with Transform RSA, asked the court to grant an interdict against the […]

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 […]

SA set to meet analogue switch-off deadline after court ruling

  South Africa is a step closer to meeting its December 2018 deadline to switch off analogue, after the constitutional court ruled in favour of former communications minister Faith Muthambi against an appeal filed by e.tv. The judgment follows an appeal lodged by Muthambi in May 2016 on the ruling by the Supreme Court of […]

Eskom reveals which countries will bid for nuclear deal

  Fin24 reports that Eskom says 27 companies have indicated their intention to provide a response to the power utility’s Request for Information (RFI) for the proposed 9,6 GW nuclear new build programme. This includes four major nuclear vendors from China (SNPTC), France (EDF), Russia (Rosatom) and South Korea (Kepco). Rosatom and EDF issued statements […]

Tech that will define 2017 and beyond

  Digital assistants, virtual reality headsets and 4K televisions are this year’s hot technology trends as seen by the Consumer Electronics Show (CES) in Las Vegas. The world’s biggest technology show, which this year turned 50 and saw a record 180 000 visitors, turned the US gambling capital into the centre of the technology world […]