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Tag: Eskom

Eskom planning to cancel R14bn oil contract over inflated supplier fees

Posted July 31, 2020 adminLeave a comment

The expected move to cancel the five-year contract and seek supplies directly from oil refineries comes as Eskom boss Andre de Ruyter seeks to cut expenses. JOHANNESBURG – Eskom is reportedly plan…

Eskom to revert to stage 1 load shedding on Thursday

Posted July 16, 2020 adminLeave a comment

The power utility said demand for electricity had significantly increased due to the much colder weather. JOHANNESBURG – Eskom said it would go back to stage one load shedding on Thursday morning at…

PIC told to ensure Eskom viability before taking equity thumbnail

PIC told to ensure Eskom viability before taking equity

Posted July 13, 2020 adminLeave a comment

The Public Investment Corporation (PIC), Africa’s biggest fund manager, must ensure that state-owned power utility Eskom will operate profitably before its R92 billion debt pile is converted to equit…

We don't owe Eskom, they owe us, says Stefanutti Stocks thumbnail

We don’t owe Eskom, they owe us, says Stefanutti Stocks

Posted July 9, 2020 adminLeave a comment

Eskom says Stefanutti Stocks was overpaid to the tune of R1 billion for its work at Kusile.But the construction firm says it is the party owed by the power utility.It has ta…

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