Load shedding: No evidence of sabotage – Eskom spokesperson

Load shedding has returned because of plant break downs, and not sabotage, Eskom spokesperson Khulu Phasiwe clarified. Speaking to Fin24 on Monday morning, Phasiwe said that Eskom is working on getting units back online by this evening and that it is far too early to say whether load shedding would continue for the rest of …

President initiates remedial action on Mogajane appointment

The Presidency has informed the Office of the Public Protector that President Cyril Ramaphosa has initiated remedial action in line with the report of the Public Protector on the appointment of National Treasury Director General Dondo Mogajane. On 18 December 2018, the Public Protector issued a report titled “Report on the

Eskom split helps transparency, but financial challenges remain – Moody’s

Ratings agency Moody’s has said that splitting Eskom into three entities may make the utility’s cost structure more transparent, but the split does little to address the debt-laden power utility’s financial challenges. The agency on Monday published a research note in reaction to President Cyril Ramaphosa’s

What government should do to boost the mining sector

The mining sector should be offered cash and tax incentives, in a similar format to the manufacturing industry, if government wants to improve investment levels and employment, says director of Tax at Deloitte, Alex Gwala. Mining production reached a record low in 2016 in South Africa, due to global conditions but since then almost

UPDATE: Load shedding moves from stage 2 to stage 4

Eskom announced on Monday afternoon that load shedding would move from stage 2 to stage 4 from 13:00.  The rotational power cuts are expected to continue until 22:00.  The power utility, which instituted stage 2 load shedding at 09:00 on Monday, said it had been forced to move to stage 4 after it unexpectedly lost …