Tag: power cuts
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 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 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.
"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 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.
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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