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1-10 results from 1000 for query «eskom»

16 January 2019 7:24 AM Ramaphosa says independence of the Reserve Bank is 'sacrosanct'

President Cyril Ramaphosa says there are no plans to interfere with the independence of the SA Reserve Bank, in an apparent climb down from what is contained in the ANC's election manifesto. Addressing business leaders on Wednesday morning ahead of the World Economic Forum in Davos, Ramaphosa said what came out of the ANC meeting was a line that only expressed 106

13 December 2018 3:28 PM Eskom said to mull asset sales as billionaire Motsepe circles

Eskom is considering the sale of smaller assets as the state-owned power utility weighs solutions to a liquidity crisis that contributed to a wave of rolling blackouts, according to people familiar with the matter. The supplier of almost all South Africa’s power is in advanced talks to sell its home-loans business, with local billionaire Patrice Motsepe’s 38

09 December 2018 6:47 AM Sunday load shedding averted

The electricity grid has been stabilised again, Eskom spokesperson Khulu Phasiwe has said, which means load shedding is no longer required for Sunday. This follows a late-night statement on Saturday in which Eskom said there was a high probability of stage 2 load shedding on Sunday. In a tweet on Sunday morning, Phasiwe said some generating units had been brought 44

07 December 2018 7:34 PM UPDATE: Eskom says 13-hour load shedding risk remains high for Saturday

Eskom terminated load shedding at 21:00 on Friday night, but the probability of stage 1 load shedding on Saturday remains high, the power utility announced. "The probability of Stage 1 rotational load shedding remains high from 09:00 until 22:00 tomorrow (Saturday)," it said in a statement on Friday. Stage 1 load shedding allows for 1 000 megawatts to be shed from the national 47

07 December 2018 2:24 PM Land expropriation: Thoko Didiza will chair ad hoc committee on section 25

The ANC will "not blink" in its debate with the EFF over land expropriation when the ad hoc committee on amending section 25 of the Constitution to allow expropriation without compensation gets going, said ANC chief whip Jackson Mthembu on Friday. The EFF proposes that all land must be nationalised while the ANC has put forward a policy based on a mixed 130

06 December 2018 5:44 PM White monopoly capital according to Johann Rupert

Johann Rupert, South Africa's second-richest man with a $6.3bn fortune, dismissed the idea of "white monopoly capital" in a now-notorious interview with Johannesburg-based radio station PowerFM, arguing that state-owned companies such as Eskom were the true monopolies. The 68-year-old chairman of the maker of Cartier watches has sparked widespread debate 135

05 December 2018 12:35 PM Eskom is said to propose moving debt to state, cutting jobs

The company’s executives outlined the proposal to move the debt onto the government’s balance sheet to bond investors in London this week, according to Sanchay Singla, a money manager at Legal & General who attended a meeting with them. The executives said they hadn’t formally raised the issue with Finance Minister Tito Mboweni or the National Treasury 53

03 December 2018 5:21 AM 'Eskom employee' caught driving at 162km/h to 'deal with load shedding'

Four people were arrested on Sunday for driving way over the speed limit in Ekurhuleni east of Johannesburg. One speedster claimed to be an Eskom employee who was "dealing with load shedding issues". The Ekurhuleni Metropolitan Police Department's High Speed Unit arrested the four on Sunday between 05:00 and 11:00 on the stretch of the N3 freeway southbound 35

02 December 2018 2:01 PM DA wants Gordhan to consider bill to end Eskom's monopoly

The Democratic Alliance (DA) will write to Public Enterprise Minister Pravin Gordhan to consider the party's proposed bill that seeks to end Eskom's monopoly in the electricity space. This is according to a statement issued by DA MP Natasha Mazzone on Sunday, the party wants to meet with the minister to discuss the country's electricity crisis. In October 40

30 November 2018 10:36 AM QUICK TAKE: 10 things you should know about Eskom's Tegeta contract

The report by Parliament’s portfolio committee on public enterprises on its inquiry into Eskom painted a bleak picture of a state-owned entity where governance structures were allowed to disintegrate, threatening its viability. The questionable 2016 contract with formerly Gupta-owned Tegeta Exploration and Resources, which ran into operational challenges 132