Tag ArchivesEskom

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Board of Eskom meets with Minister Gordhan

The Board of Eskom today convened an urgent meeting with the company’s executive management and the Minister of Public Enterprises, Mr Pravin Gordhan, following the unexpected introduction of load shedding from this past Sunday. (more…)

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President Cyril Ramaphosa

State of the Nation Address: A step in the right direction

By Mamello Matikinca, Chief Economist, FNB. As expected, last night in the State of the Nation Address (SONA) President Cyril Ramaphosa highlighted the notable strides that have been made over the past year, which include a fairly successful investment summit that attracted around R300 billion in investment commitments. The president noted that projects to the value […]

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corruption

Corruption Watch files delinquency application in bid to hold Eskom board members accountable

Corruption Watch, in the wake of  what it has called ‘longstanding poor governance’ at Eskom, has launched an application in the High Court in Pretoria, to have former Eskom board members declared delinquent. In a statement, Corruption Watch says that the application, which is brought in the public interest in terms of section 157(1)(c) of […]

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Eskom concludes a R15bn loan facility with a consortium of lenders

Eskom has concluded a R15-billion credit facility with a consortium of local and international banks, it said in a statement this afternoon, adding that the government guaranteed facility will form part of the financing of Eskom’s current capital expenditure programme. (more…)

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Eskom: Loadshedding is a means to protect the national electricity system

The story in the media and on social platforms regarding allegations that loadshedding is a diversion, is itself a diversion and far from the truth, Eskom said in a statement today. (more…)

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Businesswoman examining graphs with other working people on background

Winds of change blowing in right direction as latest GDP figure signals end to recession

South Africa is facing one of its most critical national elections since 1994, which will have significant repercussions for the country’s economic, as well as political, future. This was the message at Old Mutual Investment Group’s latest investment briefing, where, following the release of the latest positive GDP figure, presenters pointed out that uncertainty will […]

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‘Eskom can’t fix systemic problems by hiking tariffs’

  The Organisation Undoing Tax Abuse (OUTA) says it has submitted objections to Eskom’s requested price increases to the National Energy Regulator (NERSA). (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

S&P keeps SA’s credit ratings unchanged

Last night S&P announced a decision to affirm South Africa’s long term foreign and local currency debt ratings at ‘BB’ and ‘BB+’ respectively, and maintain the stable outlook. According to S&P, the rating affirmation is underpinned by the following drivers: “Anemic economic growth in 2018 and high contingent liabilities continue toweigh on South Africa’s fiscal […]

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