Nest egg raid or tool for development? Your guide to prescribed assets

2019-08-24 11:13

President Cyril Ramaphosa has called for a "broad and wholesome" discussion around prescribed assets, which could oblige retirement funds to invest in state-owned enterprises. Here's what you need to know.

Molefe misses deadline to pay back pension money, EPPF vows 'prompt' action

2019-08-23 21:07

The Eskom Pension and Provident Fund has confirmed that it received no payment from former Eskom CEO Brian Molefe for the more than R10m he was paid by the fund.

Scopa to visit Medupi, Kusile amid growing concerns

2019-08-23 15:23

Parliament's Standing Committee on Public Accounts will next week conduct oversight visits to Eskom's mega power stations Kusile and Medupi.

Cabinet expects Eskom paper within two weeks, says Minister Mthembu

2019-08-22 19:03

Minister in the Presidency Jackson Mthembu told reporters in Cape Town on Thursday that Cabinet expected to receive a paper detailing Eskom's outlook within the next two weeks, at Cabinet’s next meeting.

WATCH | Red tape thwarting SA’s green energy projects - analyst

2019-08-22 07:57

The L'Ormarins Wine Estate in Franschhoek has a green energy story to tell, but claims excessive red tape is stopping it from sharing its spoils. Watch.

Gordhan: Over R2.1bn recovered in overcoming the 'rot' of state capture

2019-08-21 10:29

So far the state has recovered more than R2.1bn lost through contracts awarded irregularly to entities doing business with state-owned enterprises, says Public Enterprise Minister Pravin Gordhan.

Molefe must pay back R10m, Eskom pension fund confirms

2019-08-16 20:25

The Eskom Pension and Provident Fund has told Fin24 that it directed its attorneys to act in line with the ruling of the North Gauteng High Court, confirming that Molefe has less than a week to pay up.

Solidarity to announce legal action against former Eskom CEO Brian Molefe

2019-08-12 09:26

The power utility's former head last week lost a Constitutional Court appeal over a multi million-rand pension payout.

Eskom wants SA govt to take over majority of its debt

2019-08-07 16:49

The struggling power utility wants the majority of its R440bn of debt transferred to the government, company executives told investors on a no-deal road show in London.

Eskom needs government support to stabilise its debt – Moody's

2019-08-06 17:25

Eskom's net loss of R27bn for the 2018/19 financial year further highlights its unsustainable capital structure and the urgency for a turnaround plan, says ratings agency Moody's.

 

Eskom, labour kickstart talks to save the power utility

2019-08-23 22:00

Eskom has extended an olive branch to labour unions on Friday in a bid to help rescue the struggling power utility.

Eskom tells senior managers unit separation to take 3 to 5 years

2019-08-23 20:13

Eskom has told senior managers that it sees the company being split into generation, transmission and distribution units within three to five years.

Brian Molefe’s D-day arrives - but no R10m yet

2019-08-22 20:00

The Eskom Pension and Provident Fund is expecting more than R10m to enter its account by close of business on Thursday from former Eskom CEO Brian Molefe.

South Africa to seek budget spending cuts as debt climbs

2019-08-22 15:24

South Africa is seeking to cut government budgets as it moves to contain debt after promising billions of rands to rescue its power utility and a weak economy damps tax collection.

JP Landman: It's not all doom and gloom. How the Ramaphosa presidency is reclaiming the state

2019-08-22 05:00

"Just do something" is the cry now rising from all over South Africa. It is useful to replay what has been done, writes JP Landman.

Eskom, Sasol drive sulphur emissions in Kriel to second highest on earth - Greenpeace

2019-08-19 07:33

The area around coal-fired plants owned by South Africa's state power utility Eskom ranks as the world's second-largest hotspot of sulphur dioxide emissions, according to Greenpeace.

Former Eskom executives seek SA's toughest CEO job

2019-08-14 18:54

The chief executive role at Eskom, considered the most challenging job in corporate South Africa, is attracting interest from people who know how difficult turning around the debt-ridden state utility will be.

Eskom begins 400MW power supply to Zimbabwe

2019-08-09 12:34

Eskom began exports of 400 megawatts into Zimbabwe on Friday, easing a protracted power crisis characterised by daily outages lasting up to 18 hours.

Former Eskom CEO Brian Molefe loses ConCourt appeal over pension millions

2019-08-07 12:49

The Constitutional Court has dismissed former Eskom CEO Brian Molefe's leave to appeal against the high court decision which ruled that he must pay back part of the R30m pension he received from the power utility.

Demand sags at record bond sale to help fund Eskom

2019-08-06 13:15

Demand at SA's weekly bond auction fell after the country raised issuance to a record, partly to fund the rescue of troubled state-owned company Eskom.

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