Speaking at a Free Market Foundation web event on Monday, Eskom CEO André de Ruyter said the municipal debt owed to the power utility had reached R36bn, with 10 municipalities owing 70% of that. Eskom has no control over … Then the consultancy would get a percentage. All the risk, ostensibly, would be McKinsey’s, since it … The first round of load-shedding for 2021 will kick in at 10pm on Wednesday. In last year’s Financial Statements, Eskom made a small yet significant change regarding its own stand-alone retirement vehicle, the Eskom Pension and Provident Fund (EPPF). Eskom sheds 2 000 jobs to contain bloated salary bill Despite the 2 000 jobs shed, Eskom remains overstaffed. By Jamie McKane (MyBroadband) – Eskom presented its new plans for electricity tariffs to the National Energy Regulator of South Africa on Tuesday, outlining the new electricity price structure it wants to implement. For 2021/22 Nersa has included R40 billion in Eskom’s allowable revenue to pay for power purchases from IPPs. Ex-Eskom exec Pamensky: Jewish community kicked me out because of Tegeta saga. CEO Andre de Ruyter says 6 000 less employees would be ideal. Eskom would pay only if the plan produced savings. Brian Molefe could not answer a question on why, between January and October 2016, Eskom purchased coal from OCM via Tegeta. Consumers will have to pay about 15% more for electricity from April but poor residential customers will continue to be supported through Eskom's free basic electricity programme. SOUTH Africa power utility, Eskom, will require government funding of approximately R1 billion per week — the equivalent of R6 million every hour of the day — to remain both financially and operationally stable in 2021. Eskom board has resolved to launch an investigation into racism allegations levelled against chief executive Andre de Ruyter by one of the power utility's senior officials. Nersa (National Energy Regulator of South Africa) agreed this morning to Eskom’s tariff increase, which is far greater than it initially allowed. Eskom wants South Africans with solar panels to pay more for electricity. Disgraced former Eskom chief executive Brian Molefe on Friday recast Eskom’s woes as a case of President Cyril Ramaphosa selling the power utility … A reflection on International Women’s Day with Dr Navi Pillay 8 March 2021 12:43 PM As the world commemorates International Women’s Day, … Those tariffs are jumping by 15% this year, just in case you needed another reason to be annoyed at the utility while being stuck between a rock and a hard place because you still need to pay them. The Eskom board has instructed the power utility’s executive management to pay particular attention to the procurement function to effect the required change, and deliver the expected savings as it implements its turnaround plan. The largest contributor to the so-called duck curve and hence the displacement of Eskom generation and thus loss of revenue are the 20-year take or pay IPP contracts, which force Eskom … Eskom announced it would implement stage 2 load-shedding from … Eskom now has 4,114MW on planned maintenance, while another 15,739MW of capacity is unavailable due to unplanned maintenance. Eskom, which has a debt of R440-billion, has been struggling to keep the lights on over the past few years. An average South African household uses about 30 to 40 units of power where one is equivalent to one kWh per day; For this household to go off-the-grid without it getting any power from Eskom … Without the cash, it will not be able to service its “unsustainable debt burden” of …