23 articles
South Africa is recruiting advisers to spin off Eskom's transmission unit into an independent operator by next year. The move aims to liberalize the grid, attract private investment, and fund 440 bill
Eskom Group CFO Calib Cassim will retire during the financial year ending March 2027 after 24 years at the utility. He expressed confidence that his successor will build on the operational recovery an
South Africa's Eskom more than doubled its annual profit to $1.9 billion following operational improvements and tariff hikes, yet rising municipal debt and weak electricity demand continue to threaten
Eskom more than doubled its annual profit to 30.3 billion rand after ending power outages, despite a 6.2% drop in industrial electricity sales. The utility plans to invest 343 billion rand over five y
Major South African mining firms are accelerating renewable energy investments to reduce reliance on state utility Eskom and lower costs. Anglo American and Sibanye Stillwater aim to meet decarbonizat
The City of Johannesburg paid $328 million in overdue bills to Eskom, avoiding potential supply cuts amid the utility's ongoing financial struggles. Eskom manages 346 billion rand in debt while raisin
South Africa proposes major electricity tariff reforms to dismantle Eskom's monopoly and introduce market mechanisms. Key changes include a 10-year price forecast and expanded negotiated pricing to st
Eskom's chairman warned that transferring transmission assets prematurely could jeopardize finances and unsettle lenders during the government's restructuring plan. The board advocates for an independ
South Africa plans to hire advisers to negotiate with lenders on spinning off Eskom's transmission unit, aiming to boost private participation while addressing debt sustainability and bondholder conce
Business Leadership South Africa reports reform momentum slowed in Q2 2026 with more targets missed than met, though Eskom forecasts power surpluses and no load shedding this winter.
Eskom CEO Dan Marokane warns that separating transmission assets requires ensuring the company's financial sustainability, following President Ramaphosa's directive to fully unbundle the utility to li
Exxon Mobil struck a preliminary deal to supply LNG to South Africa's Eskom, aiming to reduce coal reliance and bolster the power grid. This aligns with Exxon's goal to double LNG supplies by 2030.
South Africa's plan to split state utility Eskom raises credit concerns as transmission assets account for nearly 40% of earnings. Moody's warns credit quality could be impaired, while municipal debt
South African state utility Eskom launched a new business unit for utility-scale renewable energy projects, aiming for 32 gigawatts of capacity by 2040. The unit will target energy-intensive sectors l
Eskom signed a long-term LNG agreement with Zululand Energy Terminal to fuel its planned 3,000 MW gas-fired power plant in Richards Bay. This deal secures infrastructure access as part of South Africa
Glencore's South African ferrochrome venture cancelled planned job cuts after regulators approved lower electricity tariffs, stabilizing smelting operations while finalizing pricing terms with state u
Eskom confirmed regulator Nersa approved discounted power tariffs for struggling ferrochrome producers Samancor Chrome and a Glencore-Merafe joint venture. This initiative aims to mitigate high electr
South Africa’s state utility Eskom plans to extend coal plant lifespans as gas projects face delays, complicating the nation's energy transition and fuel security strategy.
Eskom is seeking World Bank funding for a new 5,200 MW nuclear program to diversify South Africa's energy mix away from coal.
Exxaro Resources expanded its Matla coal mine to supply over 9 million tons annually to Eskom until 2043, maintaining energy supply despite renewable growth.
Eskom and South32 are collaborating on a renewable energy plan for South32's Hillside aluminium smelter to commence by 2031. This initiative aims to secure competitively priced power following the exp
Eskom predicts no power cuts this winter following improved plant performance, but warns of long-term risks from municipal debt and delayed renewable capacity projects.
Two major South African unions accepted Eskom's 7% wage offer, while a third declared a deadlock demanding higher pay. The state utility reported halted outages at coal-fired stations and projected fi
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