President Cyril Ramaphosa has pledged to ensure the speed up of the release of the R230 billion of support for the ailing power utility Eskom, which he says is too vital to the economy to be allowed to fail.
President Cyril Ramaphosa says Parliament will urgently table a Special Appropriations Bill to allocate a ‘significant portion’ of the 230-billion-rand in fiscal support that struggling power utility Eskom requires.
An Eskom employee has been arrested for soliciting a 30-thousand-rand bribe in Randburg, north of Johannesburg.
The Speaker of the National Assembly, Thandi Modise, has declined a request by the Democratic Alliance for a debate of national importance on Eskom’s financial crisis.
Public Enterprises Minister Pravin Gordhan says the resignation of Eskom’s Chief Executive Officer Phakamani Hadebe is an unfortunate development amidst the ongoing financial challenges at the power utility.
Eskom Chief Executive Officer Phakamani Hadebe has resigned. His resignation has been confirmed by the chairperson of the Eskom board on Friday.
The National Energy Regulator of South Africa’s (Nersa) spokesperson Charles Hlebela has described Joburg Mayor Herman Mashaba’s comments as unfortunate.
President Cyril Ramaphosa has told the Goldman Sachs Investor Conference in Johannesburg that Eskom is over-staffed.
Corruption scandals as well as struggles at Eskom have led to an increase in political alienation of voters as well as an increase in perceptions of corruption, and this has reduced South Africans’ confidence that the country is headed in the right direction.