DA says PIC may have breached mandate with R5bn Eskom bailout

2018-02-07 13:37

The controversial R5bn bridging facility extended to Eskom may have breached the PIC’s investment mandate, which bars it from investing in non-investment grade assets, the DA has argued.

Parliamentary committee pleased with new Eskom board, concerned about liquidity

2018-02-01 19:30

The Portfolio Committee on Public Enterprises is encouraged by the decisions the new Eskom board is taking, but is still concerned about the power utility’s liquidity.

We have never not paid salaries - Denel CEO

2018-01-31 06:43

Denel CEO Zwelakhe Ntshepe said that the state defence manufacturer managed to pay its employees in December, but liquidity remains a problem.

JSE scare forces Eskom to release results

2018-01-29 16:25

The state utility says it has scheduled the announcement for this week, after its bonds faced suspension from the JSE.

Eskom could collapse SA economy, warns Gigaba

2018-01-18 10:50

Finance Minister Malusi Gigaba has warned that if Eskom is not dealt with urgently, South Africa's whole economy could collapse by the time the World Economic Forum in Davos ends.

Eskom: Caught between a bailout and a tariff hike

2017-11-16 15:43

Eskom executives' plea for a tariff hike of 20%, has been met with a tough response from members of the National Energy Regulator of South Africa.

EXCLUSIVE: Eskom’s cash dries up

2017-11-13 06:30

Struggling power utility Eskom’s poor governance has left it teetering on the edge of insolvency, with only R1.2bn of liquidity reserves expected to be in hand at the end of the month.

 

R5bn PIC lifeline for Eskom

2018-02-05 16:10

Eskom received a lifeline on Monday when the Public Investment Corporation (PIC) agreed to grant it a short term loan of R5bn, to keep the struggling enterprise afloat.

Eskom's new management sparks hope, but concerns remain - OUTA

2018-01-31 15:07

Eskom’s latest interim financial results have sparked hope for a recovery inside Eskom, despite the deep concerns they highlight, says OUTA.

Poor leadership drove Eskom to brink - new interim CEO

2018-01-30 15:56

New interim CEO Phakamani Hadebe says Eskom's poor leadership sparked the crisis that led to its financial woes and questions around its status as a going concern.

Eskom crisis could lead to another downgrade

2018-01-18 17:22

Eskom's pressure on South Africa's fiscus could see further credit downgrades from the rating agencies, a new risk report from Investec has warned.

Eskom cash crunch concerns mounting, despite denials

2018-01-11 17:56

Eskom has denied that it faces imminent bankruptcy, as reports of its dire financial situation raised concern.

Tariff hike could save Eskom - Treasury

2017-11-15 06:01

National Treasury says the national regulator’s decision on whether to grant Eskom a tariff hike, as well as R60bn in clawback tariffs, could help improve the state utility’s liquidity squeeze.

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