Eskom has tried to explain their request for a tariff increase of almost 20 percent to Nersa, but it seems that several municipalities simply do not pay for Eskom services. Direct consumers of Eskom Power, such as farmers and industries, will be severely affected by the requested tariff increase. Now it appears that Eskom does..
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Just in SA – Power tariffs increase, municipalities do not pay
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Business Leadership South Africa suspends Eskom and Transnet
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Business Leadership South Africa on Thursday booted out state-owned entities Eskom and Transnet for their involvement in corruption and state capture with immediate effect. The announcement comes as BLSA launched its #BusinessBelieves campaign in Cape Town, where it signed a “contract” with South Africa, pledging to do even more to create jobs and grow and..
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Cash strapped Government requests that consumers pay Nersa for personal generators and solar panels
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When the amended Electricity Regulation Act (ERA) comes into force, it will regulate the use of small scale electricity generators by requiring registration with the National Energy Regulator of South Africa (Nersa). This is according to Lizel Oberholzer and Jarrett Whitehead, attorneys at Norton Rose Fulbright, who say that the regulation will likely have far-reaching..
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Court grants interdict to freeze R1.7-billion Gupta mine rehab funds
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Anti-corruption advocacy group the Organisation Undoing Tax Abuse (Outa) on Tuesday won an urgent interim interdict to freeze some R1.75-billion in mine rehabilitation funds from two Gupta-owned coal mines. The group’s urgent application was heard in the North Gauteng High Court in Pretoria. In a media statement, Outa said their action was not opposed. The..
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ConCourt rules on new owners’ historical debt.
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The Constitutional Court on Tuesday ruled that new home owners are not liable for historical debt taken over from previous owners. Municipalities such as Tshwane, eThekwini and Ekurhuleni — as well as the cooperative and governance minister — argued against a landmark high court judgment in 2016, which made a similar ruling. The high court..
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Eskom tariff increase expected – Hmm for Molefe R11-million golden handshake?
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After the Constitutional Court’s ruling that Nersa can give Eskom approval for the increase in electricity prices, economists are worried that the power utility may increase the rate by as much as 20%. Eskom has an estimated R61 billion shortfall to surpass, but any significant increases will cause an already stumbling economy to come to..
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Are the Guptas starting to feel the heat?
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Gupta-owned Oakbay Investments has sold Tegeta Exploration and Resources to Swiss-based Charles King SA for R2.97-billion, it announced on Wednesday. The firm is at the centre of former Public Protector Thuli Madonsela’s State of Capture report, which found irregularities with its dealings with Eskom. Brian Molefe stepped down as a result of the report in..
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Energy fund faces ruin if state mining company moves to Zwane’s department.
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The Central Energy Fund (CEF) faces financial ruin when Energy Minister Mmamoloko Kubayi hands the state’s mining company, African Exploration Mining and Finance Corporation, to the department of mineral resources. This will take place in the few months left of this financial year. Sources in the department have told the Mail & Guardian it will..
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Gupta-linked finance chief of Eskom Anoj Singh- suspended
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State-owned power utility Eskom has suspended its chief financial officer Anoj Singh on a precautionary basis‚ pending the outcome of a forensic investigation. The suspension‚ The Times has learned‚ follows an urgent intervention by Finance Minister Malusi Gigaba and his counterpart at Public Enterprises Lynne Brown. This comes after Eskom was faced with a threat..
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Eskom, where does all the money go? – This is daylight robbery!
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The average four-person South African household should pay R290 a month for electricity, yet Eskom is charging them roughly R1,200, says a lobby group. Now Eskom is seeking a 20% tariff increase from the National Energy Regulator of South Africa (Nersa). Energy analysts have described Nersa, which starts its public hearings into the proposed tariff..
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Broke Eskom to splash on bonuses to executives Molefe, Koko
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Disgraced Molefe first in line for fat payout even as utility fields woeful balance sheet. Eskom, which is struggling to survive financially, wants to pay millions in bonuses to axed CEO Brian Molefe, suspended acting CEO Matshela Koko, and others. Molefe and Koko were implicated in questionable conduct while in charge of the power utility…
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There are so many red flags in ESKOM … where do you start ??
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South Africa’s state owned enterprises have been hit by one scandal after another signalling serious political and corporate governance failures. The largest of these, the power utility Eskom, has seen its CEO Brian Molefe resign, then return, and then be fired – all in the space of seven months. This was followed by the unexpected..
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Nightmares have a name, and it’s called Eskom – electricity price hike submitted to National Treasury
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This madness has got to stop.For many South Africans, nightmare could become a five-letter word: Eskom. Even as in-and-out CEO Brian Molefe takes the power utility to court to challenge the decision to overturn his reappointment, Eskom is asking for eye-watering increases in electricity prices. Moneyweb has reported that Eskom wants its clients to pay..
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Internal Political Chess Game at Eskom Can Leave SA In Dark
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AfriForum launched an application in terms of the Promotion of Access Information Act, 2000 (Act No. 2 of 2000) to review the documentation regarding Brian Molefe’s return to Eskom. It follows from allegations that Molefe was not reappointed but with unpaid leave. “Someone in Eskom – whether Molefe himself, councilor Lynne Brown or other senior..
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12 000 ‘dead people’ doing business with SA government – Treasury
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It has also identified about 14,000 state employees who are listed as directors of companies that have been awarded state contracts in violation of regulations. South Africa’s National Treasury has discovered about 12,000 dead people in its register of companies that do business with the state. This is among the outcomes of a clean-up of..
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