'I think Moody's will be happy' - Ramaphosa says plan to deal with Eskom debt imminent

2019-10-14 11:28

President Cyril Ramaphosa said he is hopeful ratings agency Moody's will take note of the reforms that have been introduced to stabilise Eskom, ahead of its review in November.

Restoring Eskom back to its glory days will take a long hard struggle - Gordhan

2019-10-11 23:04

Public Enterprises Minister Pravin Gordhan said restoring struggling Eskom back to its glory days will not happen overnight.

Ramaphosa: Government will not sell off 'crown jewels' of new power stations

2019-10-10 17:32

The president was answering questions in Parliament.

'I won't fail to try' says Eskom boss as financial performance slides

2019-10-09 14:26

Eskom’s net loss after tax went up to R21bn from R2.3bn in the previous year.

Audit reports read like an SOS from SOEs, Parliament hears

2019-10-09 05:00

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.

Most investors believe SA won’t be ‘junked’

2019-10-08 10:06

Despite markets pricing in a downgrade, a survey has revealed that a majority of traders expect Moody's to keep SA at investment grade.

Newcastle Municipality's lights to stay on for now pending court decision

2019-10-03 20:02

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.

No welding risk to Koeberg steam generators, says French manufacturer

2019-10-02 05:00

The steam generators at the Koeberg nuclear power station are not affected by possible welding deficiencies being investigated by its French manufacturer.

Eskom’s credit rating cut deeper into junk

2019-10-01 09:15

Fitch has, however, given Eskom some flexibility over the next 12-18 months to execute its turn-around plan.

Mboweni's economic policy blueprint to be discussed at alliance summit, ANC leaders decide

2019-09-30 13:53

The ANC's national executive committee has decided to discuss Finance Minister Tito Mboweni's proposed economic reforms report at a tripartite alliance summit.

 

Nersa hits back at Eskom court bid: We are confident in our decision

2019-10-12 11:19

The regulator defends a decision to grant Eskom a lower tariff increase.

Eskom to challenge energy regulator in court over tariffs

2019-10-11 11:38

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.

Treasury says Eskom must recover Soweto, municipal debt in return for R59bn bailout

2019-10-10 11:32

The power utility will also have to provide detailed plans for the projected final costs of coal-fired power stations Medupi and Kusile.

How Medupi and Kusile are sinking South Africa

2019-10-09 07:46

The botched development of the two mammoth coal-fired power stations has haunted the country for the past decade.

High court orders Newcastle Municipality to pay Eskom R30m a month to cover debt

2019-10-08 18:10

The power supply for embattled Newcastle Municipality will stay on for now.

Eskom's $4bn coal bill headache largely of its own making

2019-10-07 22:06

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.

One of SA’s biggest steel pipe producers closes its doors as Eskom, Chinese imports bite

2019-10-02 11:01

Government dithering also may have contributed to its demise.

Newcastle municipality power cut put on hold pending court hearing

2019-10-01 12:19

Eskom says the Newcastle municipality in KwaZulu-Natal will not have its electricity supply cut off - for now.

Solving SA's energy crisis may mean lower renewable cost

2019-09-30 14:48

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 crippled by poor management, not lack of investment - AfDB chief

2019-09-29 15:56

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.

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