Business In The News South Africa

Ramaphosa says Eskom challenges are being addressed

JOHANNESBURG, January 16  – President Cyril Ramaphosa on Wednesday said that government was taking necessary steps to address challenges faced by Eskom as it remained an albatross around the country’s neck. Ramaphosa was speaking at a Team South Africa pre-World Economic Forum breakfast meeting in Rosebank, Johannesburg, The troubled state-owned power utility is facing a myriad of […]

Business Lead South Africa

Gordhan reveals plans to separate Eskom’s generation and distribution functions

CAPE TOWN, December 6  – Public Enterprises Minister Pravin Gordhan on Thursday announced emergency steps to prevent further stage 2 load-shedding and confirmed longer-term plans to separate Eskom’s generation and distribution capacities. Gordhan told a media briefing at the power utility’s Megawatt Park headquarters public irritation with sustained load-shedding was understandable and that the utility […]