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Loans, Not Bailouts for Eskom, With Paybacks Wanted

South Africa's energy giant Eskom has been facing many challenges, including financial, managerial and logistical. This has seen the country plunged into many months of intermittent loadshedding which has negatively impacted the economy. In addition, the government has announced via the national treasury, that bailouts to the entity will be a thing of the past as it will now be provided with loans that will need to be paid back. One wonders where that would leave the consumer though.

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South Africa: How Failing Power Utility Is Fuelling South Africa's Economic Crisis

The Conversation Africa, 1 November 2019

South Africa's state power utility Eskom is the biggest challenge facing the country. Mess up Eskom, and you mess up the country. And it looks as though key players are doing just… Read more »
South Africa: Public Enterprises to Detail Eskom Special Paper

SAnews.gov.za, 29 October 2019

Public Enterprises Minister Pravin Gordhan is today expected to give further details on plans for power utility Eskom. Read more »
South Africa: Soweto Residents to Fight Eskom Over Ballooning Debt and Electricity Disconnections

Daily Maverick, 27 October 2019

Lungelo Lethu Human Rights Foundation, which represents Soweto residents, plans to sue Eskom over a 'blanket approach' taken by the power utility in disconnecting electricity for… Read more »
South Africa: Medupi Magic Fails Eskom - and South Africa

Daily Maverick, 23 October 2019

Following major problems that brought Eskom's Medupi power station to its knees during the height of the load shedding last week, Medupi power station manager Rudi van der Walt is… Read more »
South Africa: Load Shedding Could Trip Up Investment, Warns Ramaphosa's Advisor Ahead of Conference

News24Wire, 22 October 2019

Security of energy supply can be an advantage in securing investment, but in SA, load shedding is a "significant investment constraint," president Cyril Ramaphosa's economic… Read more »
South Africa: Eskom in Court Bid to Raise Electricity Prices 16 Percent to Recover R69 Billion Cash Bailout - and to Raise Another R34 Billion

Daily Maverick, 18 October 2019

Immediately before plunging the country into further power rationing, Eskom took its regulator to court demanding more money to keep going. If it succeeds, already struggling… Read more »
South Africa: Load Shedding a Last Resort - Eskom

SAnews.gov.za, 18 October 2019

Eskom Acting Group Chief Executive Officer Jabu Mabuza says the decision to implement load shedding was taken only as a last resort. Read more »

InFocus

Bright Ideas for Eskom Anyone? Utility's Debt Now U.S. $1 Billion

South African power utility Eskom has told parliament that they are now ten times more indebted than they were a year ago, to the tune of over U.S.$1 billion (R21 billion), laying ... Read more »
- South Africa: Creating an Energy Plan for Eskom Is Critical - Mabuza
- South Africa: Economic Advisory Council Hits the Ground Running
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 ongoingRead more »
- South Africa: Restructuring of Eskom a Priority - Nxesi
- South Africa: Eskom Refutes Load Shedding Reports

InFocus

Loans, Not Bailouts for Eskom, With Paybacks Wanted

InFocus

Bright Ideas for Eskom Anyone? Utility's Debt Now U.S. $1 Billion

Power Utility Eskom to Face Major Operational Revamp

InFocus

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