Mining houses and corporate businesses are accusing Eskom for the high unemployment rates since their pathetic service delivery is causing uncertainty in the economy. Several institutions announcing in recent weeks that they would need to start retrenchments, unemployment has increased alarmingly rapidly and even greater retrenchments are provided. The uncertainty caused by Eskom in the..
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SA’s high unemployment rates are swept in front of Eskom’s door
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SA mining houses are closing one after the other due to Eskom load shedding
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South Africa’s mining houses close one after the other because it has become too risky to let their workers work underground during load shedding. It costs billions of rand to stop underground mining activities and still have to pay workers even though there is no production for the whole week. Economists point out that Eskom..
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Eskom could be facing yet another corruption scandal with regards to the high demand of coal
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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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ANC’s energy loophole – private institutions are going to be forced to supply Eskom with their own electricity
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Shortly after several industrialists and mining houses announced that they wanted to become self-sufficient with the availability of electricity, the ANC’s Energy Minister immediately took the gap to help Eskom. Minister Jeff Radebe has apparently “paved the way” for private institutions to generate power to be included in the Eskom network, but such institutions must..
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