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.
JOHANNESBURG (Reuters) - South African power utility Eskom implemented major electricity cuts for a third straight day on Tuesday, as a shortage of generating capacity exposed the frailty of the struggling state-owned firm despite government promi...
JOHANNESBURG (Reuters) - South Africa’s Eskom implemented the most severe power cuts in years on Monday after seven generating units unexpectedly went offline, underscoring the challenge President Cyril Ramaphosa faces to fix the struggling state-...
Ramaphosa is balancing efforts to revive an economy burdened by government debt and mismanagement with the need to retain the support of elements in his ruling African National Congress (ANC) and powerful labour unions who oppose reforms that coul...
South Africa’s biggest labour group staged a nationwide protest against job losses Wednesday – the latest setback for an economy reeling from four consecutive days of rolling power cuts.
JOHANNESBURG (Reuters) - South Africa’s president Cyril Ramaphosa said on Monday the prospect of more power cuts by utility Eskom were “most worrying”.
Cosatu's concerns come as Eskom says it will meet with unions representing employees at its Megawatt Park head office in Johannesburg to discuss possible retrenchments and reports that the utility could be split.
South Africans face a return of traffic gridlock and spoiled food as the struggling state power utility cuts supply for a third day to homes and businesses as it scrambles to prevent a total collapse of the grid.
JOHANNESBURG (Reuters) - South African President Cyril Ramaphosa’s plan to split struggling state power utility Eskom is a positive show of intent to investors but a lack of detail has raised market concerns that concrete change will take years to...
The interview, conducted by EE Publisher’s editor and energy expert Chris Yelland, covered Eskom’s financial issues, as well as Cassim’s views on president Cyril Ramaphosa’s plans to split the company.
South Africa's President Cyril Ramaphosa addresses the Investing in African Mining Indaba conference in Cape Town, South Africa February 5, 2019.
President Cyril Ramaphosa announced in his State of the Nation Address on Thursday that Eskom will be split into three entities, one for generation, the other one for transmission and the third for distribution.
While Ramaphosa’s ascent to power initially boosted confidence and the rand after repeated policy missteps during the almost nine years Zuma was in charge, indexes tracking sentiment have retreated as reforms fell short of businesses’ expectations.
During his State of the Nation Address in Parliament on Thursday, President Cyril Ramaphosa announced that the power utility will be split into three parts.
“The power system is severely constrained, which is why after a long time we have had to implement stage 4 of load shedding,” Eskom spokesman Khulu Phasiwe said.
Parliament - Delivering his second State of the Nation Address this evening President Cyril Ramaphosa acknowledged that state-owned power utility Eskom was in crisis and the risk it posed to South Africa was great.
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.
Offices, shops, factories, traffic lights and private homes were hit on Monday by “load-shedding” — scheduled power cuts to reduce usage.
JOHANNESBURG – The intended split of South Africa's cash-strapped power utility Eskom into three separate entitiies will allow for more transparency in its running, but will not do much to solve its financial problems, ratings agency Moody's was r...
“By comparison, financial support coming first, with measures aimed at generating savings at Eskom materialising much later – given that they would entail unpopular decisions on electricity tariffs and/or additional cost-cutting that would require...
President Cyril Ramaphosa has told delegates at the Mining Indaba in Cape Town that the government will not allow Eskom to fail.