The National Assembly voted in favor of a special allocation bill on Tuesday that allows a bailout of R59 billion to struggling Eskom. The bill was approved by 200 votes to 105 with ANC MPs believing the bill is essential to keep the lights on. These MPs argued that many of them grew up in..
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#ParasiticParastatal Another 59 Billion Bailout Has Just Been Granted To Mismanaged & Corrupt Eskom Gravy Train
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#RollingBlackouts are back due to a shortage of power generation at Eskom power stations contributed by lack of skill
Unproductive Eskom drags Nersa to court over reduced power tariffs showing financial deficit of R102 billion
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The greedy Eskom, which fails to become profitable on its own, and constantly stands by the ANC government, has now taken its arrogance a step further, according to financial experts. The bankrupt power provider has already taken steps to approach the Supreme Court in a case against Nersa’s decision to grant a lower rate than..
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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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#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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Just a pity the ANC regime decided that Eskom must come to aid of those who cannot pay! – Bankrupt Eskom now wants to stop power supply to areas that sabotage power-lines
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Eskom said in a statement that it had decided not to provide the power to areas that have repeatedly interrupted due to line sabotage connections and meters that are bypassed with other connections. Line connections cause power outages when illegal power drains are done, and Eskom workers are often chased out when repairs are needed…
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Zim government paid $10 million to Eskom to clear debt, receive power import after country left in the dark for up to 16 hours a day without power
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HARARE – Zimbabwe’s energy minister said the country had made a significant payment to Eskom to try to clear its debt and receive power imports from South Africa. This comes amid heightened load shedding, that has seen most areas of the country going for up to 16 hours a day without power. Energy Minister Fortune..
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Eskom ticking time bomb! – National power utility managed by ANC-regime, debt jumps to nearly R500-billion and is currently the biggest threat to the SA’s economy
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Embattled South African state power utility Eskom’s debt burden, described by Goldman Sachs Group as the biggest threat to the nation’s economy, has burgeoned, compounding the difficulty the government faces in formulating a turnaround plan. The company’s debt is approaching R500-billion, according to data compiled by Bloomberg from public records, including bonds and issued loans,..
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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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City of Joburg, big companies say no to Eskom and go off the grid – Anglo Platinum, Sibanye-Stillwater, Makro and the City of Johannesburg are all loosening their ties to Eskom
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Forward-thinking businesses in SA are now starting to confront life without Eskom by putting plans in place to generate their own energy. Anglo Platinum and Sibanye-Stillwater are two high profile companies at an advanced stage of planning for solar plants to generate their own electricity. The City of Joburg wants to cement a deal with..
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ANC will do anything to cling on to power! Ramaphosa’s ANC intent on burning the country to the ground as they lose the support of SA
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We have gathered evidence of the ANC’s coordinated campaign to literally burn parts of South Africa, particularly where the DA governs. This is indicative of an organisation that is becoming desperate as the writing is on the wall. South Africans are increasingly rejecting the ANC’s 25 years of empty promises and corruption that has stolen..
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Grab the candles and keep the generator close by, it might come in handy – Eskom spokesman announces that chances of #rollingblackouts are extremely high
Eskom keeps lying to save its but, suddenly the power utility is experiencing Breakdowns, not a coal shortage
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Rotational rolling blackouts resumed on Thursday as Eskom technicians attended to breakdowns at several of its generating units in South Africa. Stage 2 load-shedding started at 9am and was expected to last until 10pm. While consumers and business owners lamented the ongoing power cuts – and the reasons behind them – the Middelburg Chamber of..
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Oh good, Eskom are in the news again – Eskom’s latest stage of load shedding could keep power off for 12 hours a day – Better buy some candles for Christmas
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Oh good, Eskom are in the news again… said no-one, ever. The spectre of load shedding is simply the ghost that will not stop haunting South Africa, and more blackouts have already been forecast before 2019. Eskom unveil new load shedding stage So of course, now is the most opportune time to learn that a..
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