Mostly sunny. Mild.
Trade union Solidarity and lobby group AfriForum have asked Advocate Gerrie Nel to kick off the process to privately prosecute the former head of the power utility.
The utility has confirmed that Zimbabwe has made payment arrangements for outstanding debt and will be getting 400MW worth of imports again, but most of that will be on a "non-firm basis".
Absa, Old Mutual, Eskom and SAA are among the companies looking for new CEOs.
Wednesday is Phakamani Hadebe's last day in office as Eskom's Chief Executive Officer. Here is a roundup of key quotes from his last presentation on the job.
Among the first items on the new Eskom Chief Restructuring Officer's to do list will be tackling the power utility's debt burden and engaging investors - and accounting body SAICA says it is standing by to assist.
Eskom says it has completed more than a thousand investigations relating to "procurement breaches" – and a lot of employees are no longer working there.
Finance Minister Tito Mboweni has warned that additional funding of R59bn allocated to debt-ridden power utility Eskom will come at a 'significant' cost to the fiscus.
Eskom will no longer be restoring power in areas where repeated failures are caused by electricity theft, the power utility has said.
Finance Minister Tito Mboweni authorised a R17.6bn allocation to Eskom in April as the struggling power utility faced difficulty in servicing its debts, members of Parliament have heard.
Is Public Enterprises minister Pravin Gordhan creating a Gordian knot at Eskom? asks Ferial Haffajee.
The Zimbabwean government says it has reached an agreement with South Africa’s state-owned power utility Eskom for the supply of 400MW of electricity, starting this week.
Jabu Mabuza is officially the 10th CEO to walk the corridors of the power utility's head offices in 10 years. On the back of Phakamani Hadebe's exit this week, Fin24 takes a look at Eskom's revolving door of CEOs and acting CEOs and where they are now.
If this is the best plan Pravin Gordhan and Cyril Ramaphosa can come up with after so many months, we should be very worried, says Ferial Haffajee.
The chief restructuring officer will be required to unbundle Eskom into three entities.
Eskom estimates it lost 30% more to crime in its last financial year than the previous one, the vast majority of that from stolen electricity.
If we are to move our economy forward, we need to break free from antiquated laws that are restricting the growth of our industries.
Eskom is due to pay over R900m in interest to Nedbank Corporate and Investment Banking before the end of the month, it said in a notice on Wednesday evening.
At least eight major South African companies are currently without a CEO.
The risk of South Africa’s struggling state power utility going bust doesn’t appear to faze one of its biggest creditors: the World Bank.
Public Enterprises Minister Pravin Gordhan announced on Tuesday that Eskom's unbundling will go ahead and that there was no deviation from that plan.
Cape TownRecruit DigitalR58 000.00 Per Month Per Year
MosselbaaiADA Recruitment & HR Solutions
Cape TownTracking Talent
R 1 700 000
R 4 500 000
R 6 500 000
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.