In June, Eskom announced a revenue loss of R21 billion.
Power utility wants increased connection charges and reduced electricity usage charges.
Newcastle Municipality: “We have put forward a payment plan and are awaiting Eskom to give us approval.”
The Newcastle Municipality has also been in hot water as it owes Eskom R200 million.
The Western Cape now has 23 municipalities that are ready for renewable power.
“A complete blackout would spell disaster for the province”.
The ANC have approved a series of big financial changes for Eskom, many of which have been championed by Cyril Ramaphosa and Tito Mboweni.
South Africa’s power utility is desperate to fill the void.
A blatant abuse of the BEE system has been uncovered, following a two-year investigation. It looks like Eskom and the Guptas have more explaining to do.
A rumour has been doing the rounds, claiming that load shedding is returning to South Africa. Eskom have now issued an official response on the matter.
A little bird has, apparently, told Natasha Mazzone that there is a “strong possibility” of load shedding on the horizon. Eskom are under pressure to come clean.
David Mabuza stated the most concerning debt is R19,9 billion municipality debt owed to Eskom
Residents have had it with regular power outages.
Eskom’s debt surpasses its revenue by R 36 billion.
“This is reckless and disastrous management of the public purse,” says DA MP.
This announcement comes in the wake of Eskom’s R21 billion financial loss for the 2018/19 financial year.
A leaked document from a high-powered meeting this week suggests that Eskom is on the road to recovery. But there’s much more work left to do.
It’s a mind-bending concept, but an Eskom board member has explained why an economic upturn would only be bad news for Eskom and its operations.
Despite shelving plans back in 2017, nuclear energy is back on the menu for South Africa according to Minister of Energy Gwede Mantashe
What’s a relationship between neighbouring countries if we don’t share each other’s troubles? Zimbabwe’s electricity woes could hit SA, and Eskom…
Greenpeace Africa is calling for Eskom to have a conscience and commit to full compliance with our Minimum Emission Standards.
Zimbabwe continue to make weekly payments to Eskom and Mozambique power supplier HBC with the help of platinum miners.
SABC’s further financial decline is not helping either.
Justice may not yet have been served against disgraced Eskom executive Brian Molefe, but this is a step forward: He’s in a bit of financial trouble, here.
There’s nowhere left for Brian Molefe to hide, and after the former Eskom CEO “milked the company” for millions, paying back the money may not be enough.