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Eskom

Eskom misses deadline for tariff appeal

Tuesday, June 12th, 2018

Eskom misses deadline for tariff appeal

The Eskom’s Board’s latest announcements of intentions to appeal a 5% tariff approval does not come as a shock, according to Ted Blom, a partner at Mining & Energy Advisors, and former Eskom staffer. This “reopener” application for a NERSA review comes against Eskom’s backdrop of excessive runaway costs attributable to out-and-out poor decision making since

Medupi and Kusile – time to pull the plug or face tariff boycott

Monday, June 4th, 2018

Medupi and Kusile – time to pull the plug or face tariff boycott

“It is no secret Eskom is haemorrhaging funds following a series of poor management decisions since 2007 and wide-scale looting and corruption caused by successive ANC deployed cadres and the Guptas,” states Ted Blom, Mining & Energy...

How to build your own electricity connection to the power grid

Monday, June 4th, 2018

How to build your own electricity connection to the power grid

The huge demand for new electricity connections in the business sector caused a backlog in infrastructure delivery at Eskom in the past and, resulting in longer waiting periods for some customers. Having now addressed the backlog, and...

Tariff hike hearings wrap-up with Eskom facing deeper challenges

Sunday, June 3rd, 2018

Tariff hike hearings wrap-up with Eskom facing deeper challenges

Nersa’s hearings into the Eskom tariff hike request closed in Midrand, South Africa, presenting the panel with its biggest headache to date. Of the ZAR66 billion claimed, some ZAR44 billion was a claim for a shortfall of...

Kusile power plant to unveil first air quality control system in Africa

Tuesday, April 10th, 2018

Kusile power plant to unveil first air quality control system in Africa

GE’s Steam Power business today, 10 April 2018, announced that it has successfully completed tests for performance of Unit 1, of the Wet Flue Gas Desulphurization Plant (WFGD) at Eskom’s Kusile newly built plant, the first air...

Moody’s downgrades Eskom’s long-term CFR

Thursday, March 29th, 2018

Moody’s downgrades Eskom’s long-term CFR

Moody’s Investor Services (Moody’s) has downgraded to B2 from B1 Eskom’s long-term corporate family rating (CFR). The zero coupon eurobonds rating has similarly been revised to ‘B2’ from ‘B1’ in line with the CFR and the global...

Anglo American seals Eskom-tied thermal coal operations to Seriti Mine

Thursday, March 1st, 2018

Anglo American seals Eskom-tied thermal coal operations to Seriti Mine

Anglo American confirms completion of the sale of its Eskom-tied domestic thermal coal operations in South Africa to Seriti. The consideration payable for the Operations as at 1 January 2017 is ZAR2.3 billion, approximately $164 million. “We...

Jabu Mabuza to offer keynote address at SA REIT Conference 2018

Thursday, March 1st, 2018

Jabu Mabuza to offer keynote address at SA REIT Conference 2018

Eskom Chairman Jabu Mabuza will join global and local business influencers at the SA REIT Conference 2018 in Sandton Central. In his headline address, Mabuza will explore the challenges South Africa has to overcome in reigniting its...

Eskom celebrates 95 years of doing business in Africa

Thursday, March 1st, 2018

Eskom celebrates 95 years of doing business in Africa

Eskom turns 95 years today, 1 March 2018 and the organisation celebrates this occasion with 100 380 households that have connected to the national grid over the past six months. The National Treasury has allocated ZAR17.3 billion...

Phakamani Hadebe comments on Standard and Poor’s Eskom ratings downgrade

Wednesday, February 28th, 2018

Phakamani Hadebe comments on Standard and Poor’s Eskom ratings downgrade

Eskom notes the decision by Standard and Poor’s Global Ratings (S&P) to downgrade Eskom’s long-term foreign and local currency corporate credit rating to ‘CCC+’ from ‘B-’; outlook remains negative. The review of Eskom’s credit rating is largely...

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