It's been a long, hard and expensive slog, but next week former president Jacob Zuma will finally get what he's always wanted: his day in court.
The National Energy Regulator of South Africa has responded to Eskom's announcement that approached the North Gauteng High Court to challenge a decision to grant it a lower tariff increase, saying it is confident the decision had a solid basis.
The cash-strapped power utility is going to court to challenge Nersa's decision to grant it a lower tariff increase than it applied for.
The power utility will also have to provide detailed plans for the projected final costs of coal-fired power stations Medupi and Kusile.
The botched development of the two mammoth coal-fired power stations has haunted the country for the past decade.
The power supply for embattled Newcastle Municipality will stay on for now.
South Africa wants coal producers to help debt-stricken Eskom tackle its skyrocketing costs of fuel - a problem that's largely of its own making.
Government dithering also may have contributed to its demise.
Eskom says the Newcastle municipality in KwaZulu-Natal will not have its electricity supply cut off - for now.
The utility’s primary energy costs increased by 17%, due to higher coal charges and increased production from independent power producers in its most recent financial year.
Eskom, struggling under the weight of about $30bn in debt, has been hurt by poor management, not lack of investment, says AfDB president Akinwumi Adesina.
Public Enterprises Minister Pravin Gordhan said restoring struggling Eskom back to its glory days will not happen overnight.
The president was answering questions in Parliament.
Eskom’s net loss after tax went up to R21bn from R2.3bn in the previous year.
Irregular expenditure among the entities under the Department of Public Enterprises went from R31.4bn in the 2017/18 financial year to R86.2bn in the 2018/19 financial year.
Despite markets pricing in a downgrade, a survey has revealed that a majority of traders expect Moody's to keep SA at investment grade.
The Newcastle Municipality will not have its electricity supply cut off - for now - pending a decision by the High Court in Pietermaritzburg on the hotly debated issue.
The steam generators at the Koeberg nuclear power station are not affected by possible welding deficiencies being investigated by its French manufacturer.
Fitch has, however, given Eskom some flexibility over the next 12-18 months to execute its turn-around plan.
The ANC's national executive committee has decided to discuss Finance Minister Tito Mboweni's proposed economic reforms report at a tripartite alliance summit.
The DA has laid criminal charges against Gupta-linked companies and individuals and former Eskom executives who have been implicated in the awarding of fake BEE certificates.
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