If we are serious about growing the economy and creating jobs, we need to support these young people – even though they don't seem to expect any help or handouts, writes Melanie Verwoerd.
Showers late. Morning clouds. Mild.
Eskom is investigating why a conveyor belt carrying coal from the Grootgeluk Coal Mine to Medupi Power Station in Limpopo has failed, a spokesperson confirmed.
Top South African business leaders called upon to help save ailing state-owned companies are abandoning their posts, frustrated by indecision and political interference.
Eskom has begun a search for a new Group CEO to replace Phakamani Hadebe, who quit his job in May.
Bheki Nxumalo, the acting CEO of Eskom Rotek Industries, has been appointed the power utility's new group executive in charge of generation.
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.
Phakamani Hadebe has announced his sudden resignation as Eskom's chief executive officer, the power utility confirmed to Fin24.
Business Unity South Africa has promised to support President Cyril Ramaphosa in efforts to stabilise electricity supply in the country and secure Eskom's sustainability, the Presidency has said.
Eskom CEO Phakamani Hadebe says the power utility has identified some 30 companies which must pay it back for poor workmanship on power plants.
The easiest way to rescue the beleaguered state-owned power utility would be for the government to assume part of its R419bn debt, says Chief Executive Officer Phakamani Hadebe.
The government is pushing Eskom to present a credible turnaround strategy before the National Budget on February 20, a person familiar with the situation said.
BUSA is 'underwhelmed' by government's choice in appointing Freeman Nomvalo to lead Eskom's turnaround, and has expressed concern that Nomvalo does not have a track record in restructuring.
Eskom on Tuesday posted a R20.7bn loss for the 2018/19 financial year, this is 800% more than the R2.3bn loss reported in the previous financial year.
South Africa’s struggling state-owned power utility will name an acting chief executive officer when incumbent Phakamani Hadebe steps down at the end of the month, according to a person familiar with the decision.
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.
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 Group CEO Phakamani Hadebe says reducing the headcount of the debt-laden power utility cannot be avoided, but plans are in place to manage the process well.
As the country faced a severely constrained electricity grid last month, Eskom COO wrote staff a memo, appealing to them to change course urgently in a bid to "save our organisation".
Load shedding is posing a significant risk to economic recovery, warns the Consumer Goods Council of South Africa.
President Cyril Ramaphosa announced on Thursday evening that debt-laden power utility Eskom would be split into three separate entities – generation, transmission and distribution – which would still fall under the company Eskom Holdings.
The National Energy Regulator of South Africa heard calls to launch its own probe into Eskom during public hearings on Monday.
Cape TownGoldman Tech ResourcingR40 000.00 - R65 000.00 Per Year
WynbergBaraka IT Solutions (Pty) Ltd
ClaremontmPower People Solutions
R 1 849 000
R 1 695 000
Apartments / Flats
R 2 750 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.