SE-listed construction group Stefanutti Stocks is making some progress in its disputes with Eskom after the utility claimed it had overpaid almost R4 billion to various contractors at the Kusile power station, including an estimated R1 billion to two of Stefanutti Stocks' joint ventures (JVs). Read more.
Tags : eskom
The number of active fibre connections on Telkom's network has leapfrogged the number of old copper connections. Read more.
JSE-listed Tiger Brands says major operational disruptions could result in the company reporting 15% less profit from continuing operations for the six months to 30 September and the company to report almost R700 million in one-off costs and share losses. Read more.
All developed economies around the world have an inherent responsibility to fund the transition involved with reducing carbon emissions to become a low carbon economy. South Africa is expecting a delegation from four of the richest nations in the world, namely the United States, the United Kingdom, France, and Germany during this coming week.
South African power utility company, Eskom, has experienced its fair share of financial challenges in recent years. In 2005, Eskom’s debt was R30 billion and in March last year, it had risen to R496 billion. Read more.
More than a year after South Africa started experiencing heavy impacts on the economy because of Covid-19, the economic crash is only set to worsen for businesses across the country in addition to South African residents, who owe municipalities well over R120 billion. Read more.
A week ago, Eskom announced the completion of the Medupi power station after 14 challenging years of construction and an estimated R135 billion in overall cost. Read more.
Medupi Power Station is a dry-cooled coal-fired power station based in Lephalale in Limpopo which was initialised in 2007 and had an estimated cost of R32 billion, with the design changed later during the year, pushing the design up to an output of 4,764 MW. Read more.
Following South Africa being bombarded by rolling power outages in the last few weeks, President Cyril Ramaphosa announced on Thursday that there would be a 100-Megawatt cap for embedded power generation.
Loadshedding traces its origins back to 2007, when former president Thabo Mbeki admitted that South African power utility, Eskom, was struggling to contain the crippling power crisis that it faced, resulting in the reduction of power to alleviate pressure on the national grid. Read more.