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
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
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
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.