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As it happened: Load shedding pains Eskom - CEO

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25 Nov 2014

Eskom: We thank customers who rallied to the call to reduce energy consumption for beating the short, sharp evening peak in winter and call on customers to Live Lightly in the summer months by reducing demand from 06:00 to 22:00.

25 Nov 2014

Eskom: Maintenance of power stations will not be compromised, as it ensures a reduction in unplanned outages, thereby ensuring security of supply in the long term. Due to the lower overall demand for electricity, more maintenance is undertaken during summer than in winter.

25 Nov 2014

Eskom: Eskom will protect the integrity of the power system, and will implement load shedding if necessary to protect the system from a devastating country-wide blackout.

25 Nov 2014

Eskom: Major summer risks include the reduced output from Majuba, extended periods of high rainfall impacting coal supply, outage slip and scope extensions, poor coal quality reducing output, diesel supply constraints and continued plant unreliability.

25 Nov 2014

Eskom had walked Public Enterprises Minister Lynne Brown “to the edge of the so-called coal cliff” and she was convinced that the experts had found ways to “mitigate and overcome this problem … assuming of course, that we stay on top of the mountain”.
FULL STORY

25 Nov 2014

Eskom is a highly strategic entity and poor management, as is currently being experienced, has negative consequences for the economy of South Africa - Pieter Groenewald, FF+.

25 Nov 2014

FF+ says the annual salary of the CEO of Eskom is R15.367m and with such salaries the person should be an excellent manager.

25 Nov 2014

In response to a question by Freedom Front Plus MP Pieter Groenewald Minister of Public Enterprises tabled earnings for former CEO Brian Dames:

In his year of resignation he received R22.775m

R5.007m for ending his services

Refund of R1.9m

R1.928m long-term incentive

25 Nov 2014

Eskom is taking the last round of questions now.

25 Nov 2014

Spokesperson also says Japanese contractors are studying the progress of Eskom’s power plants that are being built.

25 Nov 2014

Kusile power plant: Spokesperson says Eskom is taking action. They have fired supervisors.

25 Nov 2014

Brace for more load shedding:

Speaking for the first time on the subject of load shedding at his inaugural interim results announcement, Eskom CEO Tshediso Matona said: “For the period ahead we’ll be living on the edge. The majority of our plants are very, very old. They need attention. We’ve had load losses at a number of our plants which reflects the age of these plants.”

SA will be living on the edge - Eskom CEO

25 Nov 2014

Eskom CEO says the company needs a correction regarding a situation whereby he claims the company’s employees are not overpaid. He says he thinks employees should be paid more at Eskom.

25 Nov 2014

Other good news
SA Post Office strike is over - for now

25 Nov 2014

Eskom CEO says employees at the state owned company are not as well paid as people think they are.

25 Nov 2014

Eskom is being grilled.

Chris Yelland is also asking about Eskom’s concerning debt-equity ratio.

25 Nov 2014

Eskom being questioned by journalist about whether maintenance it talks about is actually going on? Journalist’s investigations revealed little to this effect, the journalist claims.  

25 Nov 2014

The biggest culprits for slow Q3 growth are utilities and manufacturing.

View infographic

25 Nov 2014

Eskom CEO says there is an urgent need for Eskom and the coal industry to sit around the table.

25 Nov 2014

Minister Lynne Brown has left but the Eskom CEO and FD remain to answer questions.

25 Nov 2014

These were random incidents that nobody could actually predict, says the Eskom CEO.

25 Nov 2014

Eskom CEO answering questions.

We are committing here that we’ll not compromise on maintenance, says Eskom CEO.

25 Nov 2014

Lynne Brown: The decision is that maintenance has to happen. She says she can’t talk on all of Eskom’s issues.

25 Nov 2014

25 Nov 2014

FNB economist Alex Smith: In 2015, the economy is expected to perform slightly better in anticipation of fewer strike days to be lost (2014 saw the longest strike in SA’s history), the introduction of additional power supply from Medupi as well as an improvement in the global economy. FNB forecasts a GDP growth rate of 2.4% in 2015.     

25 Nov 2014

Brown: Also, where industry exists in these municipalities where debt is owed, Eskom and government cannot just cut power. You cannot collect if there isn’t money.

25 Nov 2014

Lynne Brown regarding the R4bn debt: Many of these municipalities are actually not viable. She attributes this to high poverty etc.

25 Nov 2014

Donwald Pressly reports Burgan Cape Terminals argued today at a Nersa hearing considering a licence for a proposed oil and fuel storage terminal at the Cape Town harbour that it had all the right transformation credentials required by national legislation. It would also promote competition currently dominated by one big player.

FULL STORY

25 Nov 2014

Eskom CEO Tshediso Matona said on Tuesday that the cause for the country’s recent load shedding was due to logistical challenges regarding diesel. Speaking for the first time on the subject of load shedding at his inaugural interim results announcement, Matona said: “For the period ahead we’ll be living on the edge.”   
FULL STORY:

25 Nov 2014

Full interim results

25 Nov 2014

Minister Lynne Brown taking questions

25 Nov 2014

His talk comes to an end.

25 Nov 2014

Back to Medupi: If you go to Medupi now you’ll see that there is a power station in that place. Unit 6 in place, Unit 5 far in construction  We’re not where we’d like to be, but we’re on course as it were, says Matona.

25 Nov 2014

6pm-10pm, CEO asks customers to reduce demand during this period.

25 Nov 2014

Matona asks consumers to continue to heed the request to use electricity sparingly.

25 Nov 2014

As I said, load-shedding pains us a great deal - Eskom CEO

25 Nov 2014

Matona says load shedding aimed at preventing a total blackout. To come back from a blackout takes weeks and weeks, he says.

25 Nov 2014

Eskom CEO thanks large industrial customers

25 Nov 2014

Matona: Load shed to protect economy - that’s why Eskom load-shed during the weekend rather than during the week, says the Eskom CEO.

25 Nov 2014

Fin24 user Kim Green on the latest round of load sheddding: Is Eskom prepared to reimburse me for all my once frozen meat which has now gone off? It's pathetic. Now I have to fork out more money to purchase ice, food, gas, etc. I very much doubt the electricity we issue to our neighbouring countries have been put off. We settle our electricity bill timeously and in good faith...then this happens. What is happening to our country?

Add your voice

25 Nov 2014

When we have to reduce load, we protect the economy, says Matona.
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