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.

Eskom may be 'too big to fail' - but it's not alone

2019-05-24 10:55

Across Latin America and Eastern Europe, companies that are seemingly too big to fail are weighing down nations they were once meant to support.

Eskom keeps investors in the dark as debt speculation mounts

2019-05-22 07:36

As speculation swirls about plans to deal with Eskom’s crippling debt load, one group of stakeholders hasn’t been consulted: owners of the company’s R243bn bonds.

Eskom's breakout rally on Ramaphosa's pledge leaves some uneasy

2019-05-20 15:32

Some investors in Eskom’s bonds are taking President Cyril Ramaphosa at his word - that he won’t allow the state-owned entity to fail.

Investors want to be sure lights will stay on in SA - economist

2019-05-18 15:46

Market participants are acutely aware of the apparent fissures within the ANC, which may disrupt attempts at reform, says an economist at Sanlam Investments.

Ramaphosa's 3 key post-election investor issues

2019-05-16 16:06

With the election process completed, investors' focus will now shift to President Cyril Ramaphosa's ability and political will in addressing issues of concern, says the chief economist at Citadel.

Energy regulator says Mashaba statement on tariffs 'misleading'

2019-05-15 17:15

Nersa has criticised Johannesburg Mayor Herman Mashaba for what it said was a "misleading and mischievous" statement about tariff hikes.

Zimbabwe starts load shedding as drought hits Kariba Dam power station

2019-05-13 10:01

Zimbabwe has started to implement load shedding, after the government announced it was facing critical power shortfalls.

Ramaphosa win, Eskom reform may boost banks

2019-05-10 17:37

President Cyril Ramaphosa’s re-election will strengthen investor confidence in South Africa, according to Bloomberg Intelligence analysts Philip Richards and Edmond Christou.

Load shedding: Over 400 organisations, small businesses join class action against Eskom

2019-05-06 20:10

Despite a previous statement by Eskom that a class action against it over load shedding has little basis, the law firm arranging the suit believes that there is a viable case and has been approached by over 400 organisations who want to make a claim against the power utility.

 

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.

Kganyago says banks could handle potential Eskom default

2019-05-24 07:43

South Africa’s banking industry would be able to withstand a default by Eskom, but the impact on pension funds is a concern for the central bank, Governor Lesetja Kganyago said.

Mboweni on Eskom debt: collect money owed by municipalities

2019-05-20 20:56

Eskom must prioritise collecting what it is owed by municipalities as a first step toward becoming financially sustainable, says Finance Minister Tito Mboweni.

Eskom to haunt new Parly, as DA calls for debate on its 'financial crisis'

2019-05-19 15:57

The DA intends to write to the new speaker of Parliament to have the National Assembly debate Eskom's financial crisis.

We need to get our 'house in order' to fix our 'brokenness' – Eskom exec in leaked memo

2019-05-17 10:22

In a leaked memo Eskom Chief Operating Officer Jan Oberholzer appeals to staff to be accountable for the work they do at the power utility to help fix its 'brokenness'.

Eskom's turnaround imperilled as debt approaches R500 billion

2019-05-16 12:56

The embattled state power utility’s debt burden, described by Goldman Sachs as the biggest threat to the South African economy, has burgeoned, compounding the difficulty the government faces in formulating a turnaround plan.

How Zim is implementing load shedding as power cuts continue

2019-05-15 05:30

Zimbabwe has instituted rotational power cuts, following low water levels at Kariba Dam, generation constraints at Hwange Power Station and limited imports from neighbouring countries.

OPEN LETTER: How to fix the boiler and mill problems at Medupi and Kusile

2019-05-12 13:31

A former Eskom engineer highlights three boiler problems at Medupi and Kusile power stations and provides possible corrective actions and a way forward.

The gains and woes: Here's a look at what's happened to SA's economy since '94

2019-05-08 12:58

Gross domestic product almost doubled, along with the nation’s debt load. While the country has come a long way in extending equal rights to people after half a century of segregation under apartheid rule, about a quarter of the labour force doesn’t have a job.

Government taken to court after doubling coal-emission limits

2019-05-06 18:40

South Africa’s government is facing a legal challenge over its decision last year to double the amount of sulfur dioxide that coal-fired power plants and refineries can emit.

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