General Manager for Regulations at Eskom Hasha Tlhotlhalemaje says their request is nothing new.
“This is a normal process that we do on an annual basis. And it is looking at the difference at the decision that Nersa made and what actually materialized for the past financial year. It amounts to R27-billion and it’s mainly due to the nature of the decision that Nersa made where it expected the coal price to go down which could have not happened. And there were other reasons as well,” says Tlhotlhalemaje.
Last week, the situation got worse where for the first time in history it introduced stage six load shedding. This led to President Cyril Ramaphosa cutting short his trip to Egypt to attend to the problems at the power utility. He held an urgent meeting with Cabinet on Friday in a bid to find a lasting plan for the country’s energy dilemma.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bok legend glad to be back in South Africa playing for Lions - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Former Springboks, Sharks and Cheetahs and now Emirates Lions prop forward Jannie du Plessis says he is relishing the prospect of being back home in South Africa and doing what he loves the most, playing rugby.
Source: SABC News Online - 🏆 32. / 51 Read more »
No load shedding over the long weekend: Eskom - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Eskom has given the assurance that it will not implement load shedding from Saturday until Monday on Reconciliation Day. And somehow we don't have electricity since 1am 🤔 Eskom_SA lol, how would they know. Kanti load shedding is not controlled by the demand and unplanned maintenance of boilers and wet coal. How do they know what if it rains? 🤷🏿♂️
Source: SABC News Online - 🏆 32. / 51 Read more »
Eskom to continue using emergency reserves to supplement capacity - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Eskom says it will continue to use emergency reserves to supplement capacity if necessary this weekend. ESKOM has failed the PEOPLE of SA because it is State owned .To my experience if it was owned business.Heads would have long rolled and fired incompetent. What the need of board of Directors have been since1991 running businesses as a single person with no Director's staff only
Source: SABC News Online - 🏆 32. / 51 Read more »