Tag: power cuts

South Africa’s Eskom plans to spend up to $27 million on severance packages

South Africa’s Eskom has offered some managers voluntary severance packages, capping costs at 400 million rand ($26.8 million), a communique sent to staff by the struggling power utility showed.

South Africa plans to create new generating firm to boost power security, what you need to know

South Africa is planning to create a new power generating company separate from struggling state-owned utility Eskom to boost energy security, senior officials said on Thursday.

Eskom’s new CEO takes charge with power shake-up on agenda, what you need to know…

Eskom's new chief executive took charge of the struggling state-owned utility on Monday, embarking on the mammoth task of fixing South Africa's power deficit and restructuring a debt pile that has crippled the national economy.

#LoadShedding: South Africa’s Eskom moves power cuts to Stage 6

"We regret and sincerely apologise that stage 4 loadshedding will move to Stage 6 loadshedding as from 18:00 today, as a result of a shortage of capacity" - Eskom

What you need to know about South Africa approving $4 billion bailout for debt-laden power utility Eskom

Crisis-hit South African power company Eskom was handed an additional 59 billion rand ($4 billion) lifeline by parliament on Tuesday, prompting criticism from opposition parties who described it as a "blank cheque".

South Africa’s rand takes a tumble as Eskom plans nationwide power cuts

South Africa's rand tumbled after state power utility Eskom said it would implement nationwide blackouts for the first time in more than six months due to capacity shortages.

Here’s why Zimbabwe has quadrupled its electricity prices

Zimbabwe has increased the average electricity tariff by 320%, the national energy regulator said on Wednesday. The jump in power costs will further anger Zimbabwean citizens who have in the last week seen sharp rises in fuel and basic goods prices.

What you need to know about S.African government’s talks with coal miners to cut prices for struggling power utility Eskom

South Africa's mines and energy minister on Thursday said he was in talks with coal firms that supply struggling state-owned power utility Eskom to reduce coal prices in a bid to lower energy costs and boost the mining sector.
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