More than 25% of Eskom’s power stations only have coal for ten more days. The “big” plan to drive coal from Medupi to Ellisras to the Eastern Transvaal power stations apparently did not happen. With the coming rainy season it will be even harder to transport coal, and wet coal is often given as a..
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Get the candles ready and brace yourself for another round of load shedding since Eskom’s power stations only have a ten-day coal reserve left
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Cyril Ramaphosa trying to explain away his conduct for the past few months. Should we really believe you!
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President Cyril Ramaphosa has once again rejected suggestions that China is a new coloniser and that his government has sold South Africa to the country by signing loan agreements for state-owned enterprises (SOEs).
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Businesses won’t pay the municipalities … but ESKOM directly
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While 96 municipalities across the country are scrambling to negotiate payment agreements with Eskom for overdue bills that amount to R27.8-billion, local businesses are fighting to pay Eskom directly, bypassing the municipalities, in a bid to keep the local economies going.
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Eskom: Load shedding, industrial action, intimidation, sabotage
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Statement issued by: Eskom Media Desk: Eskom notes with concern the industrial action by trade unions and advises customers to plan on the assumption that load shedding could take place in the week. Monday, 30 July 2018: Eskom notes with concern the ongoing industrial action by trade unions at various Eskom sites, over the issue..
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Confirmation from Treasury – Eskom looting was an inside job
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The noose is tightening around senior Eskom officials already implicated in looting with further evidence of the underhanded tactics used to benefit the infamous Gupta family, revealed on Sunday.
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You’re paying more than double what you should for electricity in SA
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Energy expert Ted Blom says that South Africans are paying more than double what they should be for electricity in the country, and it’s funding Eskom’s corruption and mismanagement. Eskom this week reported a loss after tax of R2.3 billion for the year ended March 31 from a profit of R900 million 12 months earlier…
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Plundered SA Now Too Poor to Afford New Nuclear Power Plants from Russia! Project put on hold
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After years of plundering of the state coffers (taxpayers), corruption, incompetence, affirmative action etc, etc, South Africa now has no money left for the crucial nuclear energy project.
South Africa is interested in realizing a large-scale nuclear project with Russia. However, the country does not have the funds to do so.
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Price of Eskom electricity expected to double by 2021
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Buckling under the strain of seemingly insurmountable debt, Eskom looks set to implement massive electricity tariff hikes aimed at staving off a complete financial and structural collapse. South Africans are inevitably left to foot the exorbitant bill, caused by gross mismanagement, and nepotism, leading to R19 billion in irregular expenditure, coupled with a long list..
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China commits to more investments and ‘saves’ a few company’s in South Africa
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Addressing the media during the briefing of Chinese President Xi Jinping’s state visit held today in Pretoria, President Cyril Ramaphosa announced China had committed to $14.7-billion in investments.
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State-owned enterprises: Which one costs South African taxpayers the most money?
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South African state-owned enterprises set the stage for a sad affair. The sordid tale of bottomless funding vanishing under the unexplainable guise of ‘irregular expenditure’ – the millions become indiscernible from the billions, spoken of as fictitious currency. But the money is very real, and it trickles into government coffers through the tax tear in..
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How is this even possible:- Eskom posts R2.3bn loss, R19bn in irregular expenditure
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Eskom suffered a net loss of R2.3-billion in 2018, the state-owned power producer revealed at it financial results presentation on Monday.
The power utility said its net cash from operations declined from R45.8-billion to R37.6-billion, as it struggled with leadership and operational challenges.
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Get those candles ready and brace yourself for some more power cuts
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The larger municipality of Vereeniging, Vanderbijlpark, Sebokeng and Sharpeville have recently learned from Eskom that there will be power outages from 6 August due to the huge overdue debt owed to the national power supplier. Eskom has declared that they will interrupt power on a regulated basis, enabling organizations to arrange their operations. The monthly debt..
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If you live in the Free State, make sure your municipality is up to date with its Eskom payments
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National power utility, Eskom, is determined to recoup costs from defaulting municipalities. The beleaguered power supplier has set its sight on two Free State municipalities, threating to cut them from the power grid should their debts not be settled immediately. South Africa’s power supplier is struggling financially – that’s no secret. The state-owned enterprise (SOE)..
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South Africa’s electricity system is falling apart – and it is much bigger than just Eskom
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Load shedding has returned to South Africa in recent weeks after striking Eskom workers sabotaged the national grid. However, this is not the biggest problem facing the country’s electricity system. MyBroadband has received new research on power outages in South Africa over the past two years, which shows a drastic increase in the number of..
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Broke’ Eskom Gives Senior Executives Unlimited Free Petrol
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Senior Eskom officials have reportedly been spending about half a million rand a month on their company cars, with unlimited free fuel, according to Business Day. Eskom also reportedly pays for their toll fees and the maintenance cost of their cars. This comes weeks after unions embarked on a protest because Eskom offered no wage..
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