In The News South Africa

Eskom refutes allegations that it is ‘broke’

JOHANNESBURG, July 16 – Electricity parastatal Eskom on Sunday denied media reports that the state-owned company (SOC) is facing a cash crisis. Eskom had noted weekend media reports concerning its financial sustainability, Eskom said in a statement. “Due to limitations around disclosing financial information before the official announcement which is scheduled for Wednesday 19 July […]

In The News South Africa

MPs to include state capture in Molefe probe

PARLIAMENT, June 21– Parliament’s portfolio committee on public enterprises on Wednesday resolved to devote August to an in-depth probe of the circumstances surrounding Brian Molefe’s re-appointment to the helm of Eskom, including allegations of the Gupta family’s hold on the power utility. “The committee agrees that his re-appointment made us think of governance in the […]

Business In The News South Africa

Brown accused of exaggerating renewable energy prices

PARLIAMENT, June 20 – Public Enterprises Minister Lynne Brown and the department of energy were accused on Tuesday of exaggerating the price of renewable energy to win public support for Eskom’s contested nuclear expansion programme. Brown told Parliament’s portfolio committee on energy the actual current cost of renewable energy was R2.14 per kilowatt hour, compared […]