Competition in the coal industry is influenced by the small number of mines that have to meet the high demand for coal. The large coal mining groups therefore have a firm grip on the industry, and while Eskom is struggling to keep up with its R440bn debt burden, its bargaining power has dropped to a..
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Eskom could be facing yet another corruption scandal with regards to the high demand of coal
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Bankrupt Eskom pleads for another government bailout as debt climbs beyond R450bn
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The power utility’s debt is reaching levels beyond R450 billion and Mabuza was in Parliament on Tuesday asking government for more money. Eskom CEO and board chairperson Jabu Mabuza said the power utility’s debt levels have reached the ceiling. Eskom’s debt is reaching levels beyond R450 billion and Mabuza was in Parliament on Tuesday asking..
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Thank you SA for voting ANC – SA is broke thanks to the thieving done by ANC cadres in government
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It’s official: the South African state is bankrupt. President Cyril Ramaphosa confirmed it three weeks ago when he responded to questions in parliament. Ramaphosa’s exact words were: “Our resources are now depleted.” In simple terms, this means the government has run out of money. In a normal country, such a statement by the head of..
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Hostage drama continues – Eskom holds ANC regime prisoner, parasitic parastatal seeks further R59 billion to squander
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The hostage drama in which Eskom has captured the ANC regime has now reached its highest point of arrogance. With a new demand to get R59bn intended for the next two years for mismanagement, all reasonable limits have completely surpassed, say economic experts and informed businessmen. Eskom’s debt burden is already so high that there..
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Shale Gas energy can help Eskom to contribute to greener economy, it is a pity that there is no money for this initiative and underground water can be destroyed
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Experts believe the solutions to all of Eskom’s problems lie in converting to gas to eliminate coal pollution. The investigation shows that gas will eventually be cheaper than coal, while the gas plant will cause about 80% less air pollution. However, the conversion will be accompanied by high expenses, and the power supplier does not..
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Eskom may be peddling its problems – now wants to sell some of its power plants to cut losses due to maintenance costs
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Eskom plans to sell off its power plants in order to get rid of the bigger problems in the industry. Informed sources told Die Vryburger that Eskom wants to sell its power plants that require large maintenance costs and are guilty of the huge pollution in certain areas such as the Eastern Transvaal to private..
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Medupi and Kusile power stations are still “off the grid” due to poor construction work, corruption and cost overruns
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More than 600 senior officials from Eskom and some executives were informed of the entity’s “turnaround” plan. According to documentation, Eskom is sitting without cash and has almost completely collapsed on several occasions. R130bn has been loaned to the power provider and the state is expected to help as government announces increased tariffs. Eskom unbundling..
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Trade unions are going to “support” the unbundling of Eskom in fear of job losses
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According to Gwede Mantashe, trade unions currently opposing the unbundling of Eskom will eventually have to change their position and support the move. According to him, everyone in the country has a duty to save the economy and also the country. Trade unions fear that job losses will occur if the entity is unbundled into..
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Eastern Transvaal village of Kriel suffers huge air pollution due to Eskom coal power station
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The Eskom plant at Kriel in the Eastern Transvaal is now the power plant that causes the second most air pollution with sulfur dioxide. The eastern Transvaal countryside is suffering from the huge air pollution caused by Eskom’s coal power plants, of which the Kriel plant is one of the biggest scapegoats. The details of..
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Cash strapped Eskom left red faced after court bans 3-year contract of R350 million for lubricant purchase
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Eskom was banned from awarding a contract that would be valid for three years, amounting to R350 million. The contract involves the purchase of lubricants for use at its various power plants, but the judge banned it because Eskom did not comply with its own procedure or that of the government in awarding contracts. The..
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Cash-strapped, Eskom’s top managers who earn R1,5 to R3m a year, demand pay hike since no salary increase was given
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Eskom’s senior managers – who earn R1.5m to R3m a year – are taking the power utility to the Commission for Conciliation, Mediation and Arbitration (CCMA) because they have not been given a salary increase in the past year. Rapport newspaper said on Sunday that between 180 and 200 senior managers wanted a retroactive increase..
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Consumers face 80% electricity tariff hike to save Eskom from their self-inflicted mess
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Eskom has announced that they will put a four-point plan in place to get out of their self inflicted mess. They will firstly obtain an 80% increase in electricity through a court order, and secondly they will unbundle the entity. Third, Eskom will introduce savings measures. However, it is not indicated how and what savings..
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Eskom is SA’s downfall with net loss of R20.7 billion and a deficit of R59 billion
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The latest Eskom financial report just released shows once again that the entity is causing the country’s financial collapse. The shock announcement that the power supplier is showing a net loss of R20.7bn for the financial year confirms that Eskom is holding the ANC regime hostage. If the ANC regime wants to see the country..
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#Blackprivilege: Soweto residents want to pay a flat rate of R100 per month for unlimited electricity – We all do!!
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While Eskom is drowning in debt and struggling to make ends meet, Soweto residents say they want their debt written off and to only pay R100 per month for unlimited electricity. Eskom currently supplies 135,000 Soweto residents with power, but only 12% of these customers pay for electricity. This non-payment has seen Soweto’s debt to..
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Multi-Billion coal-fired power station in crisis – Not one of Kusile’s six units is delivering power into the grid due to lack of skill and maintenance
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Eleven years after construction started on Eskom’s massive 4800 MW Kusile coal-fired power station in Mpumalanga province, South Africa, not one of its six 800 MW generator units is currently delivering power into the grid. Construction started at Kusile in 2008, and all six generation units were planned to be in commercial service by the..
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