This is the second time in several days that Eskom has implemented load shedding, signalling a deterioration of South Africa’s power supply constraints.
Eskom says it will implement stage 2 load shedding from 12pm on Friday until Sunday.
President Cyril Ramaphosa has denied Brian Molefe’s claims that Glencore made him chairman of Optimum Coal Mine in 2012 because of his political influence.
Eskom has announced that it will implement stage 2 load shedding on Thursday (14 January, 2021) at 12h00 until Sunday.
PIC is the investment vehicle for the Government Employees Pension Fund, managing about R1.91 trillion of public servants’ pensions and unemployment funds.
Eskom’s debt of R463 billion was a massive drain on its R83 million net profit after tax, the company announced on Monday.
Government, labour, business and community constituencies represented at NEDLAC signed the social compact on 8 December, 2020.
Eskom said it needs either bailouts or cost-reflective tariffs to address its unsustainable debt. It has decided to pursue the latter.
Eskom has welcomed a court ruling that affirms its right to interrupt or terminate electricity supply to non-paying customers.
André de Ruyter says South Africa’s commercial, industrial and residential electricity tariffs are competitive by international standards.