Posts tagged as government

Government urged to expedite IRP

The minister of mineral affairs and energy, Gwede Mantashe, says the long-awaited integrated resource plan (IRP) for electricity will go before Cabinet this week. Business Unity South Africa’s (BUSA’s) president Sipho Pityana, is urging the government to expedite the gazetting of a least-cost, least-regret option which will power the economy and create and sustain jobs. Pityana […]

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 […]

Why South Africa’s energy generator is in so much trouble

Eskom is by far the largest of South Africa’s many state owned companies. This near monopoly power utility is in crisis. It’s the single largest threat to South Africa’s economy, according to a former minister of finance. Wits Business School’s Adjunct Prof. Rod Crompton explains why this is the case and what can be done. […]