Commission recommends Eskom cancel boiler contract over 0% black ownership

2019-06-12 08:50

The Broad-Based Black Economic Empowerment Commission says power utility Eskom failed to comply with the B-BBEE Act when it awarded a tender for a boiler at Duvha power station to a Chinese owned entity.

Mpumalanga NGOs take government to court over 'deadly air quality'

2019-06-10 13:49

Environmental NGOs have launched litigation demanding that government clean up the air in the Mpumalanga Highveld area, home to 12 coal-fired Eskom power plants.

Treasury head says SA has 'no choice' but to increase Eskom funding

2019-06-09 14:00

'That’s a decision that we’ll have to finalise, but we know we don’t have a choice,' Treasury Director General Dondo Mogajane said in an interview on the sidelines of a meeting of the Group of 20 finance ministers and central bank governors.

Government meddling sets black execs up to fail at SOE 'slaughterhouses' - BMF

2019-06-04 19:08

The Black Management Forum released a strongly worded statement after the resignations of South African Airways group CEO Vuyani Jarana, Eskom CEO Phakamani Hadebe and Transnet ending the contract of acting group CEO Tau Morwe.

21 CEOs in 10 years: A guide to all the executive drama at SAA and Eskom

2019-06-03 16:20

Many of the CEOs left the state-owned enterprises under a cloud.

Union wants government pension fund to sell Eskom bonds

2019-06-02 12:00

The Government Employees Pension Fund, managed by the PIC, holds R54.8bn of Eskom bonds, or 16.8% of all the debt outstanding, more than five times the next-biggest holder.

Companies accused of collusion in R240m Eskom tender want regulator to drop case

2019-05-28 22:30

Four companies accused of collusion will seek intervention from the Competition Tribunal to dismiss a case against them by the Competition Commission.

Eskom insiders provide 'very limited' choices to replace CEO

2019-05-28 12:30

Eskom’s 96-year history is replete with former chief executive officers who have risen from within the debt-laden state utility to run the company. There are few obvious choices for the next CEO to come from those same ranks.

Eskom and our economy are in deep trouble, warns DA

2019-05-26 11:08

South Africa needs "solutions and not more talk shops" to end Eskom’s "monopolistic stranglehold on electricity" and to rescue the crippling economy, says DA spokesperson on public enterprises Natasha Mazzone.

Eskom CEO's exit: No coincidence Hadebe resigned now, says energy analyst

2019-05-24 22:24

It is no coincidence that Eskom CEO Phakamani Hadebe has decided to resign at this point in time, energy analyst Chris Yelland tells Fin24.

 

5 tips for Eskom to fix its debt problem, from Greenpeace

2019-06-11 15:20

Decommissioning coal-fired power plants is among the recommendations from non-governmental environmental organisation Greenpeace Africa to Eskom to help turnaround the debt-ridden power utlity.

Zimbabwe pins hope on Eskom to resolve electricity headache

2019-06-10 06:01

Zimbabwe started implementing load shedding in mid-May due to a combination of low water levels at Kariba Dam's hydroelectric power plant, generation constraints at ageing power stations and limited foreign imports.

There's a CEO crisis in South Africa and no one is stepping up

2019-06-06 08:13

The exodus of chief executive officers during an economic downturn is becoming alarming, particularly as there are apparently so few ready replacements.

Three things to learn from the exit of SAA's CEO

2019-06-04 07:57

South African Airways’s prospects of surviving in its current form took a hit over the weekend when news broke that Chief Executive Officer Vuyani Jarana had quit.

Zimbabwe to approach Eskom for help as Kariba Dam levels drop

2019-06-03 10:30

Officials from Zimbabwe's power utility Zesa are expected to this week meet with their South African counterparts at Eskom to plead for increased electricity imports as the country's power supply situation remains dire.

Eskom bailout risks Moody's rating, Reserve Bank says

2019-05-30 06:01

Bailouts for South Africa’s state-owned companies such as Eskom Holdings will weaken the nation’s fiscal position and put its last investment-grade credit rating at risk, the Reserve Bank said.

More South Africans have access to electricity, but they're less happy about it

2019-05-28 21:53

The percentage of households connected to the country's main electricity supply increased to 84.7% in 2018, according to the General Household Survey - but some are still obliged to use diverse energy sources due to cost and access.

Hadebe was handed a poisoned chalice at debt-laden Eskom - expert

2019-05-26 14:56

Eskom chief executive officer Phakamani Hadebe is leaving the debt-laden power utility at the end of July, deepening a crisis that Goldman Sachs Group described as the biggest threat to the economy.

The toughest CEO job in South Africa is open. But who wants to lead Eskom?

2019-05-25 15:17

The top job at embattled power utility Eskom is open again for the 11th time in a decade and it’s unclear anyone is ready to fill it.

Eskom CEO resigns due to 'unimaginable demands' impacting his health

2019-05-24 18:45

Phakamani Hadebe has announced his sudden resignation as Eskom's chief executive officer, the power utility confirmed to Fin24.

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