South Africa's Eskom forecasts higher loss in 2018/19 - CFO

The logo of state power utility Eskom is seen outside Cape Town's Koeberg nuclear power plant in this picture taken March 20, 2016.

~ Reuters

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Reuters , Africa Jan 30, 2019
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Eskom forecasts higher loss in 2018/19

CFO Calib Cassim also said that Eskom is requesting steeper electricity tariff increases over the next three years, of 17.1% in 2019/20, 15.4% in 2020/21 and 15.5% in 2021/22.

EWN , South Africa Feb 3, 2019
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South Africa's energy regulator Nersa said on Wednesday it had postponed a decision on tariffs charged by state-run power utility Eskom to March 1 from Feb 25 as it seeks further clarity on diesel costs.

Reuters , Africa Feb 1, 2019
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South African union says to strike over Eskom split proposal

JOHANNESBURG (Reuters) - The National Union of Metalworkers of South Africa (NUMSA) said on Thursday that it would strike over a proposal to split up struggling state power firm Eskom, arguing the restructuring would lead to massive job losses.

Reuters , Africa Jan 31, 2019
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Minerals Council SA warns that the industry could lose 150 000 jobs if the Nersa granted Eskom the 15 percent annual tariff hike for three years.

IOL , South Africa Jan 30, 2019
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Eskom’s loss balloons to R20.1 billion

Business Unity SA (Busa) warned that Eskom would constrain investment in South Africa and contribute to stagnant economic growth, significant job losses and grid defection.

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Eskom spokesperson Khulu Phasiwe told ANA the utility had "adjusted the application for the first year of the MYPD (multi-year price determination) period by about two percent".

IOL , South Africa Feb 4, 2019
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Unbundling Eskom won't solve its debt woes, says Cosatu

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IOL , South Africa Feb 5, 2019
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South Africa to unveil Eskom support package in coming days - Ramaphosa

South Africa's President Cyril Ramaphosa addresses the Investing in African Mining Indaba conference in Cape Town, South Africa February 5, 2019.

Reuters , Africa Feb 5, 2019
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Staff picket HQ of South Africa's Eskom over potential job cuts

A task team appointed by Ramaphosa to advise him on ways to save Eskom has proposed splitting it into different entities for generation, transmission and distribution, sources have told Reuters.

Reuters , Africa Feb 7, 2019
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Reuters , Africa Feb 7, 2019
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IOL , South Africa Feb 5, 2019
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Debt-ridden Eskom secures R15 billion loan

Cash-strapped power utility Eskom said it had secured a R15 billion loan facility with a consortium of local and international lenders.

IOL , South Africa Feb 1, 2019
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South African business confidence index falls in January

JOHANNESBURG (Reuters) - South Africa’s business confidence was stable in January, with investors seeing progress in the economic and political reform as stalling while activity in the real economy remained sluggish, a survey showed on Wedensday.

Reuters , Africa Feb 6, 2019
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Markets look to Ramaphosa’s speech for clarity on Eskom

JOHANNESBURG – The markets’ attention will zoom in on President Cyril Ramaphosa this week to shed light on potential measures to keep Eskom afloat after it garnered a R15 billion loan facility on Friday.

IOL , South Africa Feb 4, 2019
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Looming losses for 2018-2019 sees Eskom raise tariff hikes higher than 15%

The national energy regulator of South Africa (NERSA) has, for the past week, been holding public hearings on Eskom’s application for a tariff hike for the next three years.

The South African , South Africa Feb 4, 2019
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Eskom's tariff hike to hit-hard on mining sector

CAPE TOWN – The most critical challenges facing South Africa is the sustainability of Eskom which would require some sort of workable solutions but not the price increases, Minerals Council of South Africa chief executive, Roger Baxter said on Tue...

IOL , South Africa Feb 5, 2019
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Eskom is “a super-broken machine” whose business strategy is out of sync with market reality, said Iraj Abedian, the head of Pan-African Investments and Research Services who has advised the government on economic policy,

Business Tech , South Africa Jan 30, 2019
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#SONA2019: Ramaphosa vows government will support Eskom's balance sheet

Cape Town - President Cyril Ramaphosa said on Thursday that government would support the balance sheet of the troubled State-owned power utility Eskom, but said that this would be done without burdening the fiscus with unmanageable debt.

IOL , South Africa Feb 7, 2019