Eskom

OUTA: Eskom deserves 0% increase because of fraudulent over-forecasting

The Organisation Undoing Tax Abuse (OUTA) has submitted its arguments against a proposed electricity tariff increase to national energy regulator Nersa.

Minister Brown satisfied with state of Eskom’s finances despite R4 billion irregular expenditure

Public Enterprises Minister Lynne Brown says that she is satisfied with the state of Eskom’s finances despite having racked up over R4 billion irregular expense

Eskom suspends another 3 executives in wake of Trillian scandal

Eskom has confirmed that three more executives have been issued with suspension letters in the wake of the Trillian scandal, its CFO was suspended last week.

Public Enterprises Minister knows about Eskom suspending Anoj Singh

Public Enterprises Minister Lynne Brown admitted that Eskom had told her about its decision to convert its CFO Anoj Singh’s special leave into a suspension

CEO admits paying ANCYL R500 000 bribe to retain Eskom contract

Just Coal Chief Executive Officer (CEO) Joe Singh has admitted to paying R500 000 to the African National Congress Youth League (ANCYL) in exchange for help

Outa lays corruption and financial mismanagement charge against suspended Eskom CFO

The Organisation for Undoing Tax Abuse announced it laid criminal charges of corruption and financial mismanagement against suspended Eskom CFO Anoj Singh

Eskom considers legal action against Trillian liars

Eskom’s board met on Tuesday to review the progress of various investigations and disciplinary proceedings related to the Trillian payment scandal. .

The fear of load-shedding is behind SA as Eskom reports surplus supply

Eskom says the SA does not have to fear load-shedding anymore and that it has now moved to managing its surplus supplies of electricity which it is exporting.

Treasury yet to release details pertaining to investigation into top Eskom officials

Treasury is set to launch its own investigation into the affairs and conduct of senior officials such as Brian Molefe, Anoj Singh and Matshela Koko at Eskom

Public Protector accuses DA of compromising Brian Molefe investigation

The Office of the Public Protector has accused the DA of seriously compromising its investigation into Brian Molefe's pension pay-out of R30 million .

Parliament urged to scrutinise Eskom finance when inquiry gets underway

The committee will summon President Zuma, his son Duduzane, businessman Ajay Gupta and former board member Ben Ngubane to appear and testify once it starts.

Eskom CFO gets massive bonus despite 83% year-on-year decline in profits

Eskom Chief Financial Officer, Anoj Singh received a massive R1.9 million cash incentive bonus and an additional payment of R522 000 from the power utility.

McKinsey denies subcontracting Gupta-linked Company for Eskom job

The denial by McKinsey comes after Eskom’s acting board chairperson, Zethembe Khoza admitted that the power utility had paid Trillian almost R500 million.

DA says Eskom's plans to pay out bonuses outrageous

The Democratic Alliance (DA) has asked Public Enterprises Minister, Lynne Brown to veto any bonus payouts that Eskom wants to make to its executives.

Eskom’s irregular spending and links to the Gupta’s will likely kill off any chance of it receiving 19.9% price increase

Eskom isn’t likely to receive the 19.9% tariff increase it is seeking for the next financial year. NERSA probably won't grant Eskom the proposed increase

Molefe’s reappointment to be challenged by DA and EFF

The unlikely and unofficial coalition between the Democratic Alliance (DA) and the Economic Freedom Fighters (EFF) is set to continue on Tuesday morning

After a minimal 2.2 percent tariff increase for 2016/17, Eskom is now proposing increases of 19.9 percent and 27.3 percent

SA could be in for a major electricity increase after Eskom proposed a 19.9% increase for clients, and a 27.3% increase for bulk municipal electricity.

Eskom Warns Extreme Load Shedding Could Happen Again…Says It Has Not Stored Coal for Winter

Eskom warns Parliament that SA could once again face the extreme load shedding the country experienced in 2008 as the utility has not stored coal for winter.