Tag ArchivesEskom

Prof Raymond Parsons

Return of Molefe to Eskom creates ‘credibility gap’

The surprise return of Brian Molefe to ESKOM raises serious questions of credibility around the previous commitments to good governance and sound financing of SOEs like ESKOM, given the particular circumstances which led to Molefe’s voluntary but understandable departure from that organization a few months ago. (more…)

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Return of Molefe to Eskom ‘a monumental disaster’

The return of Brian Molefe to Eskom is a monumental disaster for the power utility, which is currently in a dire state of affairs and is surrounded by a swirling cloud of Gupta-linked corruption allegations as a result of Molefe’s tenure.  This is according to the Democratic Alliance (DA). (more…)

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Eskom stability now of key importance – Solidarity

Trade union Solidarity today said that it is now key that Eskom, the national electricity utility, puts stability first. This comes after Eskom’s former CEO, Brian Molefe, has been reappointed to his previous post after much controversy. (more…)

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OUTA welcomes ruling to halt nuclear deal

The South African government suffered a setback today after the Western Cape High Court ruled that its nuclear procurement processes were unlawful. (more…)

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REIPPPP project delays detrimental to South African economic progress

South Africa’s overall infrastructure quality is only fractionally higher than that of India – a nation with a per-capita income four times lower. (more…)

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electricity

Why SA can’t afford to get power directly from Eskom

The revenue structure of South Africa’s local government sector means that municipalities have to distribute power to their citizens, as direct supply would place enormous economic strain on both local and national coffers. (more…)

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Government’s major explicit contingent liabilities are its guarantees

Government’s major explicit contingent liabilities are its guarantees, which stood at R469.9 billion at the end of 2015/16, according to the Fiscal Risk Statement that was released as part of the Medium Term Budget Policy Statement (MTBPS) today. (more…)

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State-owned companies may pose risk to public finances

Several state-owned companies could pose risks to the public finances, according to the Medium Term Budget Policy Statement (MTBPS), released by the National Treasury today. (more…)

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