The ANC’s president’s dreams are shattering at this time because of the huge tariff increases Eskom is now charging the municipalities. Big institutions say they are tired of Eskom’s reckless tariff adjustments, and some industrialists have already packed up and left the country. Industries that is depended for electricity to the manufacture of certain goods,..
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SA economy is facing a big setback – Industrialists and entrepreneurs are packing up and leaving SA due to Eskom’s huge tariff increases
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ESKOM are not just ‘killing consumers’ anymore, animals are being electrocuted after Eskom power line collapses in the Kruger National Park
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South African National Parks (SANParks) on Thursday confirmed that an elephant, giraffe, and a vulture were electrocuted in the Kruger National Park (KNP). The incident took place at Shingwedzi section in the north of the KNP. The animals were electrocuted after an Eskom power line collapsed on Tuesday night. The section ranger was notified of..
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The ANC wants banks to be forced to fund SA coal mines, well you are not a party anymore, you are now BANK-ROBBERS and THIEF’S
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South Africa’s banks should be forced to invest in new coal mines in the country, the ANC’s head of economic transformation has said. Nedbank and Standard Bank have said “they are not going to put money in coal anymore,” Enoch Godongwana said in an interview on Carte Blanche. “To me, that’s an invitation for prescribed..
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While Eskom is struggling to acquire funds by making even more debt with loans to keep power grid stable, thousands of households are using solar power as an alternative to electricity in Northern-Cape
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Northern Cape residents were given great relief, which would keep loadshedding at bay. While Eskom is struggling to make even more debt with loans so that it can remain standing, the residents have erected a solar farm near Kathu in the Northern Cape that can deliver an average electric power of 100 MW, which will..
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The DA’s Natasha Mazzone is highly suspicious of how much money is being spent on emergency diesel at Eskom, urging President Ramaphosa to “come clean”.
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The Shadow Public Enterprises Minister Natasha Mazzone has grilled Cyril Ramaphosa just hours before the polls open for the 2019 Elections. The DA MP – best known for her firebrand speeches in Parliament – wants the president to disclose more information on the deals to procure “emergency diesel supplies” for Eskom. It’s understood that the..
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Eskom in deep trouble as China withholds crucial R7-billion loan – partial loan to be paid out by China to bankrupt Eskom never occurred due to fears that bankrupt state entity would use money to pay salaries
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China is withholding a R7-billion payment meant to help Eskom combat its current financial issues due to fears that the power utility will not complete its power station construction projects. According to a report in the City Press, the Chinese Development Bank (CDB) has become wary of Eskom’s promises and is concerned that it will..
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China is holding the ‘switch’ in it’s hand, doing business with them is dangerous, with another Eskom crisis, China withheld the R7bn loan, they already own one Eskom plant, Load-shedding highly possible
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Well, this doesn’t look too clever. It’s reported that Eskom will be R7bn lighter this month, after its Chinese lenders raised their concerns. South Africa could be set for another round of drama from Eskom, as the ailing power utility has reportedly failed to receive R7 billion in loan payments initially set to come from..
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World’s largest platinum mine group, Amplats production stalled and lots R1.6bn in revenue due to load shedding
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Eskom’s load shedding in recent months had Anglo American Platinum (Amplats) in a position that it couldn’t produce. The mining group could not extract the 92,000 ounces of metal that would normally be delivered in the first quarter of the year. With platinum prices based on the average of recent months, this means that load..
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Gordhan: Eskom will survive – Yes, with taxpayers’ money to save the state entity of bankruptcy
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In the midst of multiple problems at Eskom as a power supplier, the entity will stand firm, Minister Pravin Gordhan South Africa assures. This comes after an outspoken economist said the power provider was on the verge of overall collapse due to its financial condition. Experts say the minister’s insurance is a logical consequence if..
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Eskom on the verge of financial ruin and cannot cover its interest payments
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Ted Blom, an energy expert, said in an interview that Eskom is on the verge of financial ruin. The remark from Blom follows after the promised loan from China to Eskom did not materialize. Currently, Eskom is selling too little electricity to cover its operational costs and interest payments. Pravin Gordhan believes Eskom will take..
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Eskom’s “state-guaranteed debt” currently amounts to R291bn to national power provider once again receives R17.6bn lifeline
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In spite of repeated assurances that Eskom would not receive further financial assistance from the state, R17.6 billion was donated to the so-called national power provider last Friday. The loan from China Development Bank could not pay out the R7bn of the loan as promised. It appears that the financial crisis is greater than anticipated,..
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Electricity-supply crisis is looming in South Africa that could make intermittent outages in the past few months seem trivial by comparison – Eskom shuts ageing plants
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Eskom Holdings SOC Ltd., which supplies almost all the nation’s power, will lose more than a quarter of its current generating capacity over the next decade as it shuts ageing coal-fired plants. Replacing that output and adding capacity needed to meet rising demand will take years and cost more than R1trn ($71bn), according to government..
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Phakamani Hadebe you need to stop drinking your sangoma beer it’s affecting your brain sells:- White contractors are destroying our substations to get jobs to repair them:- Eskom
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Following the Eskom substation in Randfontein that exploded on Saturday, the power generating company are allegedly blaming white contractors. Making it one of many substations to exploded in a very short period of time. According to Eskom first official statement cause of the explosion was unknown. Now they believe white contractors who are out of..
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BREAKING NEWS:- Load shedding likely to return this week, “high risk” of blackouts forecast
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The spectre of load shedding is set to haunt South Africans again this week, as Eskom reveal that there’s a “high risk” of power cuts over the next few days. Pravin Gordhan, Jabu Mabuza and a team of Eskom executives vowed to keep the lights on throughout winter last week. Their guarantee made it five..
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Do you think that Pravin Gordhan has the Eskom case under control, well think again, report suggests that load shedding is about to get much worse in SA
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As Eskom’s old units go offline and the cost to replace generational capacity soars, the severity of load shedding may well increase over the next decade. If we think we’ve had it bad with load shedding this year, we should brace ourselves for the decade ahead. That’s the message coming from Bloomberg on Monday after..
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