Rand guzzlers: The Medupi coal power plant and Kusile could cost the taxpayers R450-billion. Although Eskom placed all its bets on them, they are still incomplete. Photo: Per-Anders PetterssonAbout a blink of an eye ago, it seemed that Eskom might be able to see its way out of the financial woods. The government, in the person of Finance Minister Tito Mboweni, agreed in the February budget to a R23-billion a year lifeline, which could last for at least 10 years.
The pundits estimate this means a R100-billion or so shortfall over and above what Mboweni has already stumped up on our behalf.But, its parlous finances aside and as we have seen this week, it is operationally a disaster.
We paid Andrew Coleman R220 million at SAA....
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LIVE: 3 000 Eskom employees are doing business with the power utility - Pravin GordhanPublic Enterprises Minister Pravin Gordhan and Eskom board chairperson Jabu Mabuza will brief the media on electricity supply problems. Eskom is the problem full stop Mabuza is one useless chairperson Maybe it looks like this
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Business counts cost as Eskom battles power shortagesUtility sheds 4,000MW from the grid as Mozambican supplies are interrupted by cyclone
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Remgro flags business risks posed by Eskom power outagesThe investment firm also says political instability ahead of the elections is a threat in 2019
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Be more transparent about your crisis, Eskom – business chamberThat the power utility had resort to such drastic power cuts 'indicated that the country’s energy supply was in a state of emergency'.
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Small business hit hardest by Eskom crisis, warns UasaMicro and medium-sized enterprises can't afford generators and may have to shut up shop.
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Eskom seeks R6.9bn loan to upgrade Medupi | IOL Business ReportThe loan will come in a difficult period as the state-owned utility struggles with severe operational problems that have led to renewed load shedding. busrep They must have pocketed all the other bail outs and loans already. Time for more loans they can't possibly pay back. busrep Eskom - Why not ask Mozambique 😀😄 busrep I can hear Pravin singing; ‘oh happy days, oh happy happy days...’.
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