Global ratings agency S&P has affirmed its rating of Eskom’s long-term, credit rating at a notch above highly speculative.
Eskom says the construction of a permanent coal-handling solution for the Majuba power station in Mpumalanga had been completed.
Eskom inks a R6 billion loan facility from Agence Française de Développement for its investments in the reinforcement of its power transmission grid.
Contractors brought in to execute some of Eskom’s big capital projects do not have the knowledge and skills to carry out major projects.
People have to roll up their sleeves, pick up the shovel and start digging writes Kelvin Kemm.
Zimbabwe is negotiating a new deal to continue importing power from Eskom to make up for shortfalls in generating capacity.
Eskom has said that it will hold meetings with the government and labour to discuss its plans to decommission five power stations.
The National Union of Metalworkers of South Africa threatens industrial action over Eskom's plans to close some power stations.