The real value of this story is that it provides incontrovertible evidence that those responsible for nuclear sector governance in South Africa have for the past 20 months at least, not had their heads in the game.
It’s deja vu for South Africa as a chronic power deficit plunges large tracts of the country into darkness and casts a pall over the already struggling economy.
Eskom wants the South African government to absorb about R100bn of debt as part of a rescue plan for the state-owned utility.
In this interview, Chris Yelland explains why Eskom’s entire model is under the spotlight as concerns mount over the energy provider’s sustainability.
The warning by state-owned power utility Eskom that the country was threatened by months of rotating blackouts became a reality in less than 24 hours.
South African lawmakers have accused McKinsey of possible criminal wrongdoing in a report that condemns the consultant’s work for power utility Eskom.
Former Mineral Resources minister Ngoako Ramatlhodi, told Zondo how former Eskom chairman, Ben Ngubane, demanded he immediately revoke Glencore’s mining licence, purportedly because they owed Eskom R2bn.
South African lawmakers referred the names of three former chairmen of Eskom to law-enforcement agencies after they found the individuals conducted themselves unethically and possibly criminally during their time at the producer.
Eskom’s first-half profit plunged 89% and the situation is likely to worsen in the next six months, Chairman Jabu Mabuza said.
Eskom may be forced to implement controlled blackouts before the end of the year because of pressure on the national system.