The government has sold its 13.91% stake in Vodacom to the Public Investment Corporation to help fund the R23bn allocation to Eskom, National Treasury said in a statement on Wednesday. The National Treasury and the Department of Telecommunications and Postal Services worked together in executing the transaction. "As previously indicated, the proceeds from the sale will be used to finance the R23bn allocation to Eskom. This gives expression to the commitment made in the 2015 Budget and the … [Read more...] about Selling the family silver to fund Eskom
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Local Business Welcomes Nersa Decision
Commenting on behalf of local business the Nelson Mandela Bay Business Chamber welcomed the National Energy Regulator (Nersa)'s decision to reject Eskom's application to hike electricity tariffs by an additional 9.58%. Mandela Bay Business Chamber CEO Kevin Hustler said; "It is good news for businesses in Nelson Mandela Bay that Nersa declined an application by Eskom to raise the price of electricity from July 1 (Wednesday), particularly in the current economic climate when we can ill afford … [Read more...] about Local Business Welcomes Nersa Decision
Stage 1 after Nersa Denial
Eskom announced this afternoon that it will implement stage 1 load shedding from 16:00 until 22:00 due to increased demand, shortage of generation capacity and in order to build up on reserves. Increased Demand Explained: Stop tweeting about how great Nersa is and that you love them for denying Eskom their increase! Click on each of the links below to download the different load shedding stages from 30 March to 5 July 2015: Stage 1 Load Shedding Schedule from 30 March to 5 July … [Read more...] about Stage 1 after Nersa Denial
A victory for the Little man – Nersa
The National Energy Regulator (Nersa) of South Africa represented by Chairperson Jacob Modise, announced their findings into Eskoms Application for an electricity price hike at a press conference in Johannesburg earlier today. South Africa breathed a silent sigh of relief as the application was turned down by the Regulator on all counts. Some Tweets: #NERSA chairman Mr Jacob Modise details Eskom's reasoning behind its application - delays at Medupi, Kusile, Ingula, probs at Duvha & … [Read more...] about A victory for the Little man – Nersa
Today is D-Day for Eskom tariff hike
Watch the findings live from Nersa below - starting at 2:00 pm: Live Twitter Stream about Nersa and the Eskom Tarrif Application: Tweets about nersa Early indications are that the application, having met stiff opposition, will fail. However, acting Eskom CEO Brian Molefe painted a gloomy picture if the increase was not implemented. "If South Africa is not prepared to cough up R15bn more for diesel, the cost of load shedding will be far … [Read more...] about Today is D-Day for Eskom tariff hike
Download a plan to follow in case of a total blackout by Eskom
While Eskom is insistent that a total blackout is out of the question, a concerned group has launched a basic emergency guide to living in the dark. The plan offers practical tips on how households can prepare for the eventuality of being without Eskom electricity for up to two weeks, the period it would take for Eskom to turn the lights back on if there was a total blackout. While acting Eskom CEO Brian Molefe ruled out any chance of a total blackout from occurring, energy analyst Ted … [Read more...] about Download a plan to follow in case of a total blackout by Eskom
Stage 2 to start at 4:00
Despite all indications to the contrary this morning Eskom will implement stage 2 load shedding from 16:00 this afternoon. "Eskom will implement stage 2 load shedding at 16:00 today, which is likely to continue until 22:00 this evening," Eskom announced on Twitter on Friday. The Port Elizabeth affected areas will be: 16h00 to 16h30: Group 1 and 8 16h00 to 18h30: Group 2 and 3 18h00 to 20h30: Group 4 and Geysers 20h00 to 22h30: Group 7 and 8 Click on each of the links below to … [Read more...] about Stage 2 to start at 4:00
Chamber’s Eskom presentation well received
The Nelson Mandela Bay Business Chamber, on Wednesday 24 June, delivered a presentation in opposition of higher electricity tariffs for Nelson Mandela Bay. The presentation was well-received at the National Energy Regulator (Nersa) public hearings on Eskom’s selective reopener application for the third Multi-Year Price Determination at the Nasrec Expo Centre in Johannesburg. The delegation consisted of Nelson Mandela Bay Business Chamber Strategic Resources Task Team chairman Angus Clark … [Read more...] about Chamber’s Eskom presentation well received
Are you the lucky load shedding recipient today?
Despite tweeting earlier this morning that the; "Eskom load shedding prognosis for today is low for the morning and high for the evening" follwoed by another tweet an hour later saying; "There is currently no load shedding taking place as Eskom has adequate generating capacity to meet the demand in electricity" - load shedding Stage 1 will begin at 4:00 pm this afternoon. Port Elizabeth groups affected by Stage 1 today are: 16h00 to 18h30: Group 2 18h00 to 20h30: Geysers 20h00 to … [Read more...] about Are you the lucky load shedding recipient today?
Local Government and Local Business join AGAINST Eskom
CORRECTION: The Nelson Mandela Bay Municipality will be going as OBSERVERS only and not as participants doing a separate presentation, as the statement indicated. The misunderstanding arose out of a meeting held between the Chamber and the Municipality last week. We apologise unreservedly for any embarrassment or inconvenience caused. The Business Chamber will continue to oppose uncompetitive higher electricity tariffs in the city in an ongoing campaign. In an unusual move the Nelson … [Read more...] about Local Government and Local Business join AGAINST Eskom
SA cannot afford more Eskom tariff increases
Eskom should not be granted another tariff increase at the expense of consumers who can barely meet their monthly expenses already, Democratic Alliance leader Mmusi Maimane said on Monday. "The DA opposed such an increase. As I've been going around the country the majority of South Africans cannot afford the cost of living," he told reporters in Johannesburg. "The key cost drivers has been the cost of electricity, it is a significant economic decision." He accused Eskom's acting CEO … [Read more...] about SA cannot afford more Eskom tariff increases
Eskom says no power cuts are expected today
“Eskom has adequate generating capacity to meet the demand in electricity,” the utility said in a statement. The power grid is however expected to come under pressure during the evening peak between 5pm and 9pm. “As we are currently experiencing cold weather conditions across the country, we urge electricity users to consider energy efficient ways of keeping warm.” In winter, the electricity demand peaks in the morning and evening as more electricity is used during these times. “We … [Read more...] about Eskom says no power cuts are expected today
Stage One at Four
Eskom announced that it would implement stage 1 load shedding from 16:00 to 22:00 on Thursday. This is due to increased electricity demand and a shortage of generation capacity resulting from technical faults at some of our power station units, Eskom explained. This may spell a gloomy start for millions of South African Muslims on the first day of the month of Ramadaan. Muslims across the globe started fasting on Thursday, abstaining among others from food, drink and sexual intercourse … [Read more...] about Stage One at Four
Yelland slammed for being ‘sceptical’
Eskom's sums do not add up, energy expert Chris Yelland said today, after he was slammed by the power utility's acting CEO Brian Molefe for being "sceptical" and offering "no constructive analysis". The EE Publishers MD told Fin24 that Molefe's "little fit of pique" was a plot to avoid his question, which focused on the seconded Transnet CEO's aim to take off 5 500 MW of electricity off the grid for planned maintenance during winter. Molefe said that while Eskom has 43.5 GW capacity, … [Read more...] about Yelland slammed for being ‘sceptical’
Yes Eskom but, what does that mean?
Eskom recently tweeted; "We anticipate to supply 100% of electricity most days and 96% during peak periods from 6am to 10am and 5pm to 10pm." Surely PLAIN ENGLISH demands that you rather say; "We anticipate to supply 96% of electricity during peak periods from 6am to 10am and 5pm to 10pm." OR "We anticipate to supply 100% of electricity most days." By combining those two statements you once again embark on obfuscation on a grand … [Read more...] about Yes Eskom but, what does that mean?
