Power Utility Eskom to Face Major Operational Revamp
South African power utility Eskom has been at the centre of a major financial meltdown for a number of years, with several bailouts from the government to prevent ongoing loadshedding in the country. This as a result of ageing infrastructure, problems with coal supply and corruption allegations against its leadership. The government now says that steps need to be taken to revamp the parastatal.
Eskom, South Africa's biggest power utility, has had crisis after crisis exposed over the years. They are R440 billion in debt (and counting) and are once again asking for ... Read more »
President Cyril Ramaphosa has met with members of the Eskom board at his Genadendal Residence in Cape Town to discuss reforms at the power utility. The meeting was called to ... Read more »
Over 400 businesses from multiple sectors including agriculture, retail, manufacturing, IT and hospitality have joined the suit against Eskom over threats to their livelihoods ... Read more »