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Tag Archives: eskom

Eskom denies allegations that it is broke

 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, it said in a statement. “Due to limitations around disclosing financial information before the official announcement which is scheduled for Wednesday, Eskom is …

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Eskom warns public of a bank scam

Eskom on Friday warned the public about a scam where criminals were pretending to be the utility’s representatives, claiming that Eskom had changed its banking account to Nedbank and subsequently providing those banking details. “The fraudsters use letters, faxes and emails bearing the Eskom logo and the forged signature of …

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Eskom restores power in Zuurbekom

Eskom on Monday morning said power had been restored to three large power users in Zuurbekom in Gauteng. This follows an unplanned power supply interruption which affected the Rand Water Board Pumps, Zuurbekom rural and the SAR Midway signal feeders earlier on Sunday. “The supply to the two transformers and …

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Eskom ramps up energy for winter

Power utility Eskom on Tuesday announced that it had begun to cut back on planned maintenance to shore up energy for winter. “Our winter plan formally kicked off on 1 April 2016 and runs until end of August 2016. As a result, we have already started to ramp down planned …

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New treasurer for Eskom

CAPE TOWN – Eskom announced on Friday that its group financial officer, Anoj Singh, would take over the role of treasurer following the resignation of Caroline Henry. Eskom said Henry had “enabled Eskom to execute its funding strategy in very difficult and volatile economic conditions”. Eskom profits have tumbled in …

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Eskom: No secrecy around Zim power deal

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Johannesburg – Eskom has confirmed the sale of electricity to Zimbabwe but denied that the power supply agreement with its Zimbabwean counterpart the Zimbabwe Electricity Supply Authority (Zesa) is secret. Eskom said the deal is part of an arrangement among southern African power utilities to sell surplus electricity to each …

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Eskom signs R2.3bn credit deal with France

Eskom and French funding agency Agence Française de Developpement (AFD) on Monday morning signed a R2.3bn credit facility agreement to finance Eskom’s distribution projects in the Eastern Cape, KwaZulu-Natal and Limpopo. Eskom said the loan would be repaid at “competitive rates” and will finance investments for grid strengthening, refurbishment, reliability …

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