News Relating to ESKOM

Public Protector finds Brown 'inadvertently' misled Parliament about Eskom-Trillian

2018-02-23 06:51

The president now has 14 days to submit comments on the Public Protector’s report, and provide a report to Parliament on what action he will take against Brown. Read More »

 

Koko says he is 'moving on', despite Eskom court victory

2018-02-22 16:10

The Labour Court has ruled in favour of controversial former Eskom executive Matshela Koko, but he says it is too little too late and he has already moved on. Court rules Eskom's ultimatum to Koko unlawful but he has 'moved on'  Read More »

Koko says he's 'moved on', despite Eskom court victory

2018-02-22 16:10

The Labour Court has ruled in favour of controversial former Eskom executive Matshela Koko, but he says it is too little too late and he has already moved on. Court rules Eskom's ultimatum to Koko unlawful but he has 'moved on'.  Read More »

 

Gigaba hints at Eskom operational overhaul

2018-02-21 14:25

Major changes and tough decisions lie ahead for Eskom if the power utility is to survive its current storm, this year’s budget has shown.  Read More »

 

Eskom's Matshela Koko submits letter of resignation

2018-02-16 11:06

Controversial Eskom executive Matshela Koko has denied any wrongdoing in his resignation letter to the power utility, saying that stepping down was in his and his family's best interests.  Read More »

 

Koko's fight to stay at Eskom resumes

2018-02-16 10:27

Controversial Eskom executive Matshela Koko's battle to stay on at Eskom resumes, as he faces his second disciplinary hearing in less than a year.  Read More »

Koko's fight to stay at Eskom resumes

2018-02-16 10:26

Controversial Eskom executive Matshela Koko's battle to stay on at Eskom resumes, as he faces his second disciplinary hearing in less than a year.  Read More »

 

Brown's spokesperson responds to Exxaro claims on R1.8bn capital injection

2018-02-15 20:49

Minister Lynne Brown’s spokesperson, Colin Cruywagen, has responded to claims Exxaro CEO Mxolisi Mgojo made in his testimony at the Eskom inquiry related to a R1.8bn capital injection Brown refused the company.  Read More »

Eskom overlooked Exxaro to benefit Tegeta, inquiry hears

2018-02-15 17:14

Exxaro CEO Mxolisi Mgojo has testified that the company's mines were overlooked by Eskom in favour of Gupta-linked Tegeta.  Read More »

 

Eskom overlooked Exxaro to benefit Tegeta, inquiry hears

2018-02-15 17:13

Exxaro CEO Mxolisi Mgojo has testified that the company's mines were overlooked by Eskom in favour of Gupta-linked Tegeta.  Read More »

Exxaro CEO slams idea of Eskom's prepayment agreements

2018-02-14 20:03

Exxaro CEO Mxolisi Mgojo pokes holes in testimony by former Eskom CFO Anoj Singh and head of generation Matshela Koko related to prepayment agreements for coal.  Read More »

 

Exxaro CEO slams idea of Eskom's prepayment agreements

2018-02-14 20:02

Exxaro CEO Mxolisi Mgojo pokes holes in testimony by former Eskom CFO Anoj Singh and head of generation Matshela Koko related to prepayment agreements for coal.  Read More »

 

Eskom responds to water crisis with Koeberg desalination plant

2018-02-14 17:34

A new desalination plant at the Koeberg nuclear power station will attempt to alleviate some of Cape Town’s water woes by creating potable water for its own use.  Read More »

 

Eskom responds to water crisis with Koeberg desalination plant

2018-02-14 17:31

A new desalination plant at the Koeberg nuclear power station will attempt to alleviate some of Cape Town’s water woes by creating potable water for its own use.  Read More »

PIC: Eskom loan in the best interests of SA economy

2018-02-13 21:00

The PIC has again hit back at criticism of its recent R5bn loan to Eskom, saying if it did not extend the loan the power utility risked a default that would have "collapsed the domestic economy".  Read More »

 

PIC: Eskom loan in the best interests of SA economy

2018-02-13 21:00

The PIC has again hit back at criticism of its recent R5bn loan to Eskom, saying if it did not extend the loan the power utility risked a default that would have "collapsed the domestic economy".  Read More »

R5bn Eskom loan is smart investment, argues PIC

2018-02-12 16:05

The Public Investment Corporation, in a letter to a parliamentary committee, has argued that its recent R5bn loan to Eskom will be paid back with an above-market interest rate.  Read More »

 

R5bn Eskom loan is smart investment, argues PIC

2018-02-12 16:05

The Public Investment Corporation, in a letter to a parliamentary committee, has argued that its recent R5bn loan to Eskom will be paid back with an above-market interest rate.  Read More »

Did the PIC break the rules?

2018-02-11 06:58

The Government Employees’ Pension Fund and the Public Investment Corporation insist that the R5bn bridging loan granted to Eskom did not require GEPF board approval. Read More »

 
 

Fifty actions that could fix Eskom and industry mess

2018-02-09 11:53

When the dust settles and reality sinks in, what could and should Eskom and government do to regain the confidence of the financial community? Energy expert Chris Yelland lists 50 ways to do this. Read More »

Fifty actions that could fix Eskom and industry mess

2018-02-09 11:53

When the dust settles and reality sinks in, what could and should Eskom and government do to regain the confidence of the financial community? Energy expert Chris Yelland lists 50 ways to do this. Read More »

 

DA says PIC may have breached mandate with R5bn Eskom bailout

2018-02-07 13:38

The controversial R5bn bridging facility extended to Eskom may have breached the PIC’s investment mandate, which bars it from investing in non-investment grade assets, the DA has argued.  Read More »

DA says PIC may have breached mandate with R5bn Eskom bailout

2018-02-07 13:37

The controversial R5bn bridging facility extended to Eskom may have breached the PIC’s investment mandate, which bars it from investing in non-investment grade assets, the DA has argued.  Read More »

 
 

Four firms referred to Competition Tribunal over alleged Eskom tender collusion

2018-02-07 06:01

The Competition Commission has referred four companies to the Competition Tribunal for prosecution over alleged price fixing and collusion involving an Eskom tender worth R4.5bn. Read More »

Four firms referred to Competition Tribunal over alleged Eskom tender collusion

2018-02-07 06:00

The Competition Commission has referred four companies to the Competition Tribunal for prosecution over alleged price fixing and collusion involving an Eskom tender worth R4.5bn. Read More »

 
 

R5bn PIC lifeline for Eskom

2018-02-05 16:16

Eskom’s latest interim financial results have sparked hope for a recovery inside Eskom, despite the deep concerns they highlight, says OUTA. Read More »

R5bn PIC lifeline for Eskom

2018-02-05 16:11

Eskom’s latest interim financial results have sparked hope for a recovery inside Eskom, despite the deep concerns they highlight, says OUTA. Read More »

 

R5bn PIC lifeline for Eskom

2018-02-05 16:10

Eskom received a lifeline on Monday when the Public Investment Corporation (PIC) agreed to grant it a short term loan of R5bn, to keep the struggling enterprise afloat.  Read More »

 

How Eskom's state rot could sink Zuma

2018-02-04 20:30

Eskom has become synonymous with the worst corruption scandals in South Africa and the utility could well become the final nail in the political coffin of President Jacob Zuma. Read More »

 

How Eskom's state rot could sink Zuma

2018-02-04 20:30

Eskom has become synonymous with the worst corruption scandals in South Africa and the utility could well become the final nail in the political coffin of President Jacob Zuma. Read More »

Kicking out Eskom's old board: ‘We should have done this a year ago’

2018-02-04 12:55

If Eskom had kicked out its old board and been placed under the control of the “troika” headed by Cyril Ramaphosa a year earlier, the current liquidity crisis would not have happened, says interim CEO Phakamani Hadebe. Read More »

 

Ramaphosa makes me hopeful once again

2018-02-04 06:17

As a long-term investor in South Africa, the ANC’s leadership transition to Cyril Ramaphosa makes me hopeful once more for the country, writes Eddie O'Connor Read More »

 

‘We should have done this a year ago’

2018-02-04 06:17

If Eskom had kicked out its old board and been placed under the control of the “troika” headed by Cyril Ramaphosa a year earlier, the current liquidity crisis would not have happened, said the utility’s interim CEO, Phakamani Hadebe. Read More »

 

Ramaphosa makes me hopeful once again

2018-02-04 06:01

As a long-term investor in South Africa, the ANC’s leadership transition to Cyril Ramaphosa makes me hopeful once more for the country, writes Eddie O'Connor Read More »

‘We should have done this a year ago’

2018-02-04 06:00

If Eskom had kicked out its old board and been placed under the control of the “troika” headed by Cyril Ramaphosa a year earlier, the current liquidity crisis would not have happened, said the utility’s interim CEO, Phakamani Hadebe. Read More »

 
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