Eskom death spiral: Where’s the restructuring?
This week, outgoing Eskom CEO Phakamani Hadebe informed a group of journalists that the power utility was “facing a death spiral.”
Eskom
Stepping on the gas, SA’s potential energy saviour
This story has valence by dint of its almost unassailable natural logic, the basic argument being that liquified natural gas could transform our economy and solve a slew of problems.
Govt yields climb; Glencore copper production falls; Eskom’s new restructuring boss; PP, Ramaphosa in court
SA government yields climbed after the National Treasury said it will increase the amount of debt sold at weekly bond auctions to help fund a bailout of Eskom.
🔒 WORLDVIEW: Outgoing JSE CEO flags SA’s biggest problems
JSE CEO Nicky Newton-King is retiring after eight years at the helm, leaving behind an organisation buffeted by the biting winds of SA’s economic decline.
SA jobless rate soars; Nedbank sheds jobs; Shoprite profit plummets; losses hammer Massmart; Brexit plagues pound
Highlighting the challenges facing South African employers, Nedbank has confirmed it is in talks with about 1,500 employees over potential job cuts.
An open letter to Pravin: A six-pronged approach to fixing Eskom
CEO of African Source Markets, Bevan Robert Jones, has penned an open letter to the minister of Public Enterprises Pravin Gordhan with some options for an Eskom fix.
Eskom reports R20bn loss, not as big as expected, dollar bonds rally
Eskom reported a record annual loss of R20.7bn but its dollar bonds rallied on optimism that it is starting to stem the bleeding.
Investors ditch SA assets; Mabuza’s two Eskom hats; Rupert emigration chatter grows; Brexit weighs on pound
Foreigners are ditching South African assets at the fastest pace on record as concern mounts that the government will lose its last investment-grade rating.
Jabu Mabuza appointed Eskom acting CEO for three months
Within the three month period during which Jabu Mabuza will be the Executive Chairman and Acting CEO, the Eskom board will conclude the process of identifying a suitable candidate to become the next Eskom GCEO.
Still no puff from Kusile and Medupi – Chris Yelland
Eleven years after construction started on Eskom’s massive 4,800MW Kusile coal-fired power station in Mpumalanga province, South Africa, not one of its six 800MW generator units is currently delivering power into the grid.