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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Medupi and Kusile power stations are still “off the grid” due to poor construction work, corruption and cost overruns
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Eskom now in bed with MultiChoice – Current CEO of bankrupt National Power Supplier that is plagued by corruption, fraud and money laundering, now on board of pay channel
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Eskom is subject to fraud, money laundering, illegal tender awards and theft that results in the Chief Executive Officer of the entity or being dismissed or being prosecuted for all kinds of underhand operations. The “life span” of a CEO at Eskom is not very long. Those who are still trying to get things right..
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Experts say R230bn is not nearly enough to save sinking Eskom and believe leadership leadership and instability is the biggest problem at state entities
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During his speech before the SONA the ANC president, Cyril Ramaphosa, said Eskom could not go down and that the state would see to it that there is enough funds available to keep the entity going. According to experts, its R230bn is not enough to save the failed power supplier. Chris Yelland, a well-known energy..
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Eskom’s CEO, fleeing the coop – Phakamani Hadebe resigns saying ‘unimaginable demands’ of job put strain on his health
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A statement issued by the power utility on Friday said that Hadebe would serve notice until the end of July. He cited health reasons for his resignation. “It is no secret that this role comes with unimaginable demands which have unfortunately had a negative impact on my health. In the best interests of Eskom and..
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Eskom remains a failure – ANC regime admits that the power provider does not have the capacity to meet the needs of larger industries
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The ANC’s Energy Minister, Jeff Radebe, acknowledged that the national power provider does not have the capacity to meet the needs of larger industries. The developers and investors first want to know if sustainable electric power can be provided, but Radebe first waited for the election to be over before he could admit the truth…
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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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Eskom lying through its teeth- phase 6 load shedding applied on Thursday – Eskom not a power provider, but rather a power interrupter!
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Consumers say Eskom is not a power provider, but rather a power interrupter. Although the power interrupter, namely Eskom, proclaims one lie story after another, it is very clear to consumers that Phase 6 was applied on Thursday. In parts of Pretoria, there were not less than four power outages on Thursday, and there are..
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Bankrupt Eskom ruins cash-strapped SA – Phase 2 #rollingblackouts implemented – National power provider controlled by ANC- regime has once again been unable to generate enough electricity to supply in demand
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With the latest announcement that Eskom is again unable to generate sufficient electricity to meet demand, the consumers’ patience is once again being tested out. Eskom says phase 2 load shedding will be implemented today from 08:00 to 23:00 due to a shortage of capacity. The power provider introduced phase 1 load shedding on Wednesday..
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What did South-Africans used before candles? Electricity! – Eskom is apparently technically bankrupt and its R420bn debt currently accounts for 15% of the country’s debt – will no longer exist at the current projection by April 2019
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The Portfolio Committee of Public Enterprises heard at the hearing of the Department of Public Entities that Eskom was “technically bankrupt”. Eskom will no longer exist at the current projection by April 2019. The power supply’s R420bn debt burden currently accounts for 15% of the country’s debt and its revenue has increased fourfold since 2007..
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Price shock beckons if Nersa authorize Eskom’s request- National power provider demands 45% increase in tariffs – Now taxpayers have to pay for state institution’s incompetence
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National power provider, Eskom’s application to Nersa will be heard in Cape Town next week. Nersa has already approved a 4.41% increase, but now Eskom is demanding 15% annually over the next three years, which is three times the official inflation figure. Energy expert Ted Blom says the application should be scrapped until the forensic..
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Investors do not want to invest in SA since our national power provider is so unreliable – Communists now demand the end of load shedding after it has already cost the country billion Rand in recent weeks
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ANC, SAKP, Cosatu and Sanco are now demanding the end of load shedding in South Africa. It is ironic that the people in charge of the country, that is, the ruling ANC party, its alliance partner, the SA Communist Party and unionists now demand that the shedding of power must be discontinued. The ANC’s Zizi..
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