South African minister tells Eskom to release coal contracts report to Treasury

Photo©Siphiwe Sibeko/ReutersSouth African Public Enterprises Minister Lynne Brown said on Tuesday she had asked state-owned power utility Eskom to immediately provide a report required by the Treasury, which is investigating the utility's coal contracts.

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South Africa: Eskom workers continue strike despite court order

Photo©Siphiwe Sibeko/ReutersMore workers at South African state-run power utility Eskom joined a strike over pay, their union said on Wednesday, in defiance of a court order preventing the industrial action at the state-run firm.

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Wage strike starts at South Africa power utility Eskom, supplies stable

Photo©Siphiwe Sibeko/ReutersWorkers downed tools Monday at three South African power stations with more set to follow as a wage strike began at state-run utility Eskom, but the company said its operations had not yet been impacted and branded the stoppage illegal.

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South Africa's Gordhan says domestic, global growth outlook bleak

South African Finance Minister Pravin Gordhan. Photo©Schalk Van ZuydamSouth African Finance Minister Pravin Gordhan said on Friday that the domestic and global growth outlooks remained bleak and sounded a warning about the financial health of state-owned companies, which include power utility Eskom.

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South Africa: ESKOM's deal with French company to add 100 MW solar power to national grid in 2018

File photo©ReutersFrench group Engie has signed a 20-year power purchase deal with South Africa's state-owned utility Eskom to connect 100 megawatts (MW) of solar power onto the national grid in 2018 from its Kathu Solar plant.

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South Africa faces tough economic environment

South Africa faces a challenging economic environment, with growth in 2016 seen at 0.6 percent, entailing falling per-capita income, the International Monetary Fund said on Friday.

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Top 500 companies: How to thrive in 2016

The retail and utility sectors were the best performers in The Africa Report's Top 500 companies this year – based on 2014 company results – while oil and mining showed weaknesses that will continue to influence their results in 2015 and 2016.

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South Africa's Eskom to spend $21 bn on new power plants in next 5 years

ESKOM's CEO Brian Molefe said the company's liquidity position has improved and nowhere near bankruptcy. Photo©ScreenShotSABCSouth Africa's Eskom will increase its capital expenditure by 44 percent to 324 billion rand ($21 billion) over the next five years to build new power stations, the state-owned company said on Wednesday.

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China, Africa set for billion dollar deals at summit

South Africa's President Jacob Zuma and President of China, Xi Jinping. Photo©ReutersChina is expected to sign deals worth billions of dollars with African countries on the side-lines of a major summit that opens on Friday in South Africa.

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South Africa: Eskom to cancel Exxaro coal supply contract for Arnot plant, workers seek intervention

South Africa's power utility Eskom said on Tuesday it was seeking coal bids for its 2,100 megawatt (MW) Arnot plant, after it notified Exxaro that it would not automatically renew a 40-year-supply contract which ends in December.

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South Africa's Eskom says selling utility will be foolish

ESKOM's CEO Brian Molefe says South Africa's cash-strapped utility Eskom, which the political opposition and Eskom's critics often suggest should be sold off, produces virtually all of the power in Africa's most industrialised economy, but faces power shortages, political pressures and a funding shortfall of 200 million rand ($14 million). 

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Eskom applies to regulator to recover $1.6 bn via tariffs

South African utility Eskom has asked the energy regulator to allow it to recover $1.6 billion in costs from 2013/14 when it ran expensive diesel plants and brought more green power to keep the lights on.

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South Africa: No power cuts in the next half year

Photo©ReutersSouth African power utility Eskom does not expect to implement electricity blackouts until April 2016 and wants the government to proceed with a planned nuclear fleet expansion, its chief executive told parliament on Wednesday. Africa's most advanced economy is battling its worst electricity crisis, with Eskom scrambling to keep the lights on in millions of homes and businesses.

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South Africa to overhaul power grid

South Africa will spend 213 billion rand ($16 billion) to strengthen its transmission grid over the next decade as it seeks to end power shortages that are slowing growth in Africa's most advanced economy, utility Eskom said on Friday.

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Southern Africa power generation investment up to $233 bn by 2027

The Southern African Development Community (SADC), a regional trade bloc, will invest between $114 billion and $233 billion from 2012-2027 to improve electricity generation, a new report said, as part of plans to ramp up renewable energy projects.

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South Africa's power grid needs $15 bln boost for new energy production

Photo©ReutersSouth Africa's ageing electricity transmission grid needs investment of $15 billion by 2022 to help cope with increased new energy production, an executive at German state development bank KfW said on Sunday.

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South Africa denies striking nuclear expansion deal

Photos@ReutersKoebergSouth Africa has not struck a deal so far with any country on nuclear expansion but its immediate focus was to build more renewable power projects, the energy minister said today.

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South Africa's state giants on verge of collapse

Photo@ReutersEskomloadsheddingThe state-run corporations that have shaped South Africa's economy and been part of its every day life for nearly a century are mostly in a state of collapse, threatening to crush already weak growth.

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Union backs South Africa's power utility despite drop in profits

Eskom’s acting chief executive officer Brian Molefe said the utility was confident of a quick turnaroundA leading South African trade union has voiced its support for the country's struggling power utility, Eskom, whose profits fell by half saying the new executive will create stability.

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South Africa orders Glencore to shut coal mine over job cuts

South Africa's Mines Minister Ngoako Ramatlhodi says Glencore's 10 million tonne-a-year mine should be shut. Photo©Screen Shot Youtube/BdliveSouth Africa's mines minister has ordered Glencore to suspend all operations at a coal mine because of the way it planned to carry out job cuts.

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