The utility’s Group Chief Executive, Phakamani Hadebe, said the multi-tranche loan facility will contribute to Eskom’s plans to strengthen and refurbish the transmission infrastructure.
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More borrowing, Eskom secures R1.5 billion loan from French Development Agency, they are so deep in trouble, how on earth will they pay it back?
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It’s going to be a Prosperous New Year for motorists, but for how long- Petrol price decrease South Africans can expect to pay in January
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Central Energy Fund, we could kiss you right now. Their projected petrol prices for January would see fuel costs plummet below the R14-per-litre mark.
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Julius Malema on changing the Constitution around land expropriation (video included)
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Parliament’s Joint Constitutional Review Committee began discussions on its recommendations regarding the amendment of section 25 of the Constitution on Tuesday, November 13.
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BREAKING NEWS:- Eskom’s application to increase electricity tariffs by 15% open to public debate, now is the time to take a stand!
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It’s important to note that Eskom’s application for a 15% tariff increase is over and above the 4.41% raise already granted to the utility by the National Energy Regulator of South Africa (NERSA) earlier this year.
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South Africa tightens borders ahead of troublesome festive season, but will this really help?
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Smuggling won’t be easy this festive season. As South Africa prepares for another bustling festive season – with an influx of people into and out of the country – those responsible for border posts and points of entry have been hard at work to ensure that travellers have as pleasant an experience as possible.
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Rolling Blackouts in South Africa Because Treasonous ANC Regime Sells Best Coal To China and Uses Proceeds Elsewhere?
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Despite, (or thanks to Billions in foreign investment in Eskom), 7.2 Million tons of SA’s best coal is destined for China from Richards Bay Harbor while South Africans suffer under rolling blackouts. 36 Chinese ships are waiting for coal to be loaded in Richards Bay Harbour. Each ship takes about 36 hours to be loaded with 200,000 tons of coal per ship average. The coal is Grade A anthracite.
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BREAKING NEWS:- Leaked report: The application of land expropriation without compensation
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According to the leaked report, the ANC has deployed a land expropriation task team which is currently formulating legislature in anticipation of Constitutional amendments.
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ESKOM is in a pathetic state, now Gordhan takes control of the situation at Eskom, so senior managers need to cancel their leave
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Pravin Gordhan, Minister of Public Enterprises addressed major concerns at a media briefing on Eskom today.
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The AfriForum says that the ANC fooled the white people of SA back in 1994
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According to AfriForum, the African National Congress fooled white South Africans in 1994.
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Petrol Prices News: How Qatar’s decision to leave OPEC could affect South Africa
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The biggest group of oil-producing countries on the planet are losing Qatar, in a move that is set to affect oil and petrol prices worldwide.
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Goodnews, SA is out of recession: Four factors which ignited the economy
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After slipping into a recession at the start of September, Mzansi has made an instant recovery. The country’s GDP has risen by 2.2% in three months.
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The New Minimum Wage for 2019: What it means for domestic worker pay
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New minimum wage regulations, endorsed by the Department of Labour, were published on Monday 3 December.
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Petrol is down, but Eskom address claims that load shedding is scheduled for Christmas
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No need to stick the turkey on the braai, everyone. Eskom spokesperson Khulu Phasiwe has confirmed the lights will stay on during Christmas.
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Eskom failed as power provider, loadsheading and untrained workers contributes to poor functioning
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The alleged heavy service cost that has doubled within a single year span, which climbed to R45 billion, is the reason Eskom has failed as a power provider. With 90% of electricity supplied by Eskom in the country, and the dramatic cost increase, Eskom is deeply in the red with government and other financiers. The..
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SAA airline finds itself in a perpetual debt trap that it just can’t escape from without government bailouts – all this because of incompetent ANC politicians, mismanagement and corruption
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There’s a lot to take in with this story below of what could potentially become a massive crisis for the South African fiscus and taxpayer. In a telltale sign, suppliers to SAA are slashing their payment periods from 21 days to 7 days amid fears of a total collapse in the airline’s finances. This alone..
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