DA MP hits back at Brown over Eskom

Trade union Solidarity said the silo had been showing signs of stress since January and Eskom had done nothing to correct the problem.

Eskom to be boosted with R20bn cash injection

South Africa will inject 20 billion rand ($1.82 billion) cash into struggling power utility Eskom, and may also convert its existing 60 billion rand subordinated loan to equity, the National Treasury said on Wednesday.

Mini Budget 2014: Finance Minister Nhlanhla Nene’s full speech

The Full Mini Budget Speech by Finance Minister Nhlanhla Nene (Click here for the supporting documents):  It is my privilege to present the 2014 Medium Term Budget Policy Statement and the Adjustments Appropriation Bill, the Division of Revenue Amendment Bill, all for 2014/15, and this year’s Revenue Laws Amendment Bills. Mister President, we are calling … Read more

Electricity: Renewables now cheaper than coal, but not forever

In this focused discussion on renewable energy, Paul Semple of Futuregrowth explains why his company has lent more than R4bn to 19 South African projects – and explains why renewable energy will deliver cheaper electricity into the national grid than Eskom’s new coal-fired power stations. But he frets that this is the trough for renewable … Read more

After spending R300bn, hiking prices 300%, Eskom producing less electricity

The country’s electricity utility Eskom is becoming a national embarrassment. Facts shared by Nedbank Group Economist Dennis Dykes prove the folly of trying to enforce central planning in South Africa’s highly complex market-driven economy. Unbelievably arrogant decisions forced through by interfering politicians, especially during the term of the Zuma Administration, is wreaking havoc with electricity … Read more