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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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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Former adviser has encouraged the South African government to bailout ESKOM (the-bottomless-pit) otherwise load shedding will just continue
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The South African government needs to “bite the bullet” and bail out struggling state-run power firm Eskom, which has asked for R100 billion in government support, the chief executive of Rothschild & Co in South Africa told Reuters.
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BEHIND THE LOAD SHEDDING – There is no shortage of coal at Eskom, load shedding crisis is deliberately created to loot the money invested by foreign governments
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There is no shortage of coal at Eskom. This load shedding crisis is deliberately created to loot the money invested by foreign governments. Look at the diesel tender advertised by Eskom over to the weekend and closed on a Monday. Again they are making way for IPPs while looting and bankrupting Eskom in order to..
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Farmers across SA are are currently experiencing huge losses due to Eskom’s unreliable service and continues load shedding
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Farmers across the country, but especially in the soft fruit industry, are at wits end. All this because of the continues load shedding that is currently employed throughout South-Africa. Vessels that deliver water at a certain time of the day for a certain time are now affected by power failures. The “cold chain”, namely cooling..
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Well Eskom, this is sooo obvious:- Load shedding invites an increase in criminal activity
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Load shedding comes with its heaps of problems, let alone an inconvenience. While South African citizens and businesses grapple with the inconvenience of load shedding, the South African Police Service (SAPS) is on high alert for an underlying threat: criminals taking advantage of power outages.
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Kusile and Medupi power stations do not deliver planned 780MW at the moment, while loadshedding is currently being utilized all over South-Africa – Somebody is definitely making some money from Eskom while we are suffering
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A forensic investigation is under way at Kusile and Medupi power stations. The planned 780MW power output that was supposed to occur at the two stations are not happening while loadshedding is implemented throughout South-Africa. If truth to be told, it was recently discovered that contractors’ sub-standard work has submerged at these two stations. The..
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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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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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Is this a case of ‘your sins are catching up with you’ or not – Gupta-owned mine CEO killed in alleged hit
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A manhunt has been launched to try and track down those responsible for an alleged hit on the CEO of a Gupta-owned mining company. Jagannath Arora was gunned down while driving in Midrand in northern Johannesburg on Saturday night.
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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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National power provider Eskom’s is under extreme high financial pressure and debt heads towards the R550 billion mark – wonder if this state entity is going to blast Millions of taxpayers money on bonuses this festive season even though they are cash strapped?
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Eskom chairman Phakamani Hadebe says the power provider is under extremely high financial pressure. According to him, Eskom’s debt will continue indefinitely for the next few years, with the possibility that it may increase from R400 billion to R550 billion. The chairman is also not afraid to admit that the dramatic rise in the foreseeable..
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Oh good, Eskom are in the news again – Eskom’s latest stage of load shedding could keep power off for 12 hours a day – Better buy some candles for Christmas
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Oh good, Eskom are in the news again… said no-one, ever. The spectre of load shedding is simply the ghost that will not stop haunting South Africa, and more blackouts have already been forecast before 2019. Eskom unveil new load shedding stage So of course, now is the most opportune time to learn that a..
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Eskom are in deep trouble, they are going to shuts down 11 power station units, load shedding imminent!
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South Africans can expect load shedding this weekend after Eskom was forced to shut down 11 power station units due to a lack of maintenance.
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Brace yourself for some dark times, since word is out that there are a big possibility of some hectic power interruptions ahead of us – Only four out of the 15 Eskom power stations have sufficient coal to generate electricity
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Eskom’s stock coal at the 15 power stations is still low and the possibility of power interruptions becomes an even greater possibility. Eskom is now trying to get new suppliers to fill the coal shortage. Of the 15 power stations, only 4 stations have sufficient coal. The coal producers now enter the rainy season, which..
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