Eskom exempted from disclosing financial losses

Eskom exempted from disclosing financial losses

The National Treasury has explained why Eskom was exempted from disclosing irregular and fruitless expenditure. Finance Minister Enoch Godongwana exempted the embattled power utility from Section 55(2)(b)(i) of the Public Finance Management Act (PFMA) for the last financial year and the next two years, as per the gazette published on 31 March. In a statement,…

Black Business Council praises Eskom for improving efficiency of power plants

Black Business Council praises Eskom for improving efficiency of power plants

The Black Business Council (BBC) has commended Eskom for improving the utility’s energy availability factor after six of its coal-fired power stations increased capacity to 70%. Last week the ailing power utility announced that the improvement followed a decline in breakdowns at the six power stations. On Sunday, South Africans had a reprieve from load…

Eskom’s system updates set to allow higher levels of power cuts

Eskom’s system updates set to allow higher levels of power cuts

Eskom has started updating the grid system’s operation code to make allowances for higher levels of power cuts, after ramping up load shedding to Stage 6 as the energy crisis worsened. This comes after the struggling power utility warned of the possibility of further changes on the stages of load shedding at short notice given…