03 Feb 2015
DA Parliamentary leader Mmusi Maimane's spokesperson told Fin24 that the DA will brief the media on how Eskom should be handling the crisis.
“The march will be a follow up on last year when we handed a memorandum to the Department of Energy,” Mabine Seabe said.
“We will be calling for Eskom to be broken up so that certain elements of the operation can be privatised.”
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"Absent a substantial increase in tariffs beyond what is already planned for the remainder of MYPD3, Moody’s does not anticipate a material improvement in Eskom’s financial profile before new generation capacity comes on stream," Marty told Sapa.
The agency expected Eskom's credit metrics to remain very weak in the next 12 to 18 months. This was compounded by South Africa’s slowing macro-economic environment, in turn partly driven by Eskom's problems.
Marty said the agency's Ba1 rating of Eskom was due to the parastatal's weak operational performance and stretched financial profile, and Moody's expectation of high government support.
03 Feb 2015
Beyond a large increase in tariffs, a material improvement in Eskom's financial profile is not expected before new generation capacity comes on stream, Moody's Investors Service told Sapa on Tuesday.
"Weak operational performance combined with insufficient tariffs and a large capex [capital expenditure] programme continue to weigh on the company’s financial profile," said Paul Marty, vice president-senior analyst, in an issuer comment.
03 Feb 2015
DA press release:
Maimane to lead demonstration outside Eskom HQ
DA Parliamentary leader Mmusi Maimane MP will lead a demonstration in support of breaking Eskom’s monopoly over South Africa’s power supply.
Eskom currently supplies 95% of our country’s electricity, but can no longer deliver the power South Africa needs.
Due to Eskom’s mismanagement, load shedding has cost the economy an estimated R300 billion since 2008, and 1 000 000 jobs.
The time has come to break the Eskom monopoly before it breaks South Africa.
At the demonstration, Maimane will outline demands for the immediate reforms needed to resolve South Africa’s electricity crisis.
The protest will take place as follows:
Date:
Wednesday,
04 February 2015
Time: 11:00
Venue: Eskom, Megawatt
Park, Maxwell Drive, Sunninghill
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03 Feb 2015
To deal with load shedding in Cape Town, all hospitals are equipped with functioning generators, spokesperson for the Western Cape Health Department Mark van der Heever told Health24.
"The generators are programmed to start-up automatically when there is a power failure. This immediate start-up ensures that there is no negative effect on life-supporting equipment during power outages."
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17:00-18:30 = Block C
18:00-20:30 = Block F
20:00-22:00 = Block G
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03 Feb 2015
Eskom statement
POWER ALERT 2
Load shedding to be implemented at 17:00 until 22:00 today
Tuesday, 03 February 2015: Due to a shortage of electricity generation capacity, Eskom will implement (stage 1) load shedding at 17:00 this afternoon, which will continue until 22:00 this evening.
We will communicate if there is a need to move from stage 1 to stage 2.The power system remains constrained and will remain so for the rest of this summer. Any extra load or faults in the system may necessitate the need to go into load shedding. We therefore urge all electricity customers to reduce their consumption in order to reduce the severity of load shedding.You can assist in reducing the load on the electricity grid by urgently switching off geysers, air conditioners, pool pumps and all non-essential appliances throughout the day, which will reduce electricity demand.
As workers leave office buildings this evening we ask that they please switch off the lights, with the exception of security lighting and avoid leaving on air-conditioning overnight and other office appliances.Commercial customers, particularly shopping centres and office blocks, can also make a big difference by switching off non-essential lights and not leaving office equipment such as photocopiers and computers in standby mode after hours.
Eskom customers can check load shedding schedules on the Eskom website (http://loadshedding.eskom.co.za) or contact our customer call centre on 0860 037 566. Municipal customers are urged to contact their local authorities.Eskom will provide regular updates on the status of the power system throughout the day.
03 Feb 2015
Only three zones in Cape Town will be impacted. They are:
17:00-18:30 = Zone 1
18:00-20:30 = Zone 2
20:00-22:00 = Zone 3
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