Eskom rakes in huge profit
Eskom posted a R3,6bn net profit for the 2009/10 year, the electricity parastatal said on Wednesday. The previous year the utility had reported a R9,7bn loss. Revenue had increased by 31% to R71bn in the 2009/10 year from R54bn in 2008/09, the utility said. This was due to an increase in gigawatt hours sold and [...]
Eskom tariff announcement sparks anger
The National Energy Regulator of SA’s (Nersa’s) decision on Eskom’s tariff increase application on Wednesday will, on average, double the price of electricity over the next three years. The announcement that Nersa was granting the power utility a 24,8% tariff increase for 2010, 25,8% for 2011, and 25,9% for 2012, aroused virulent anger with little [...]
Nersa to announce Eskom hike decision
Nersa, the National Energy Regulator of SA, will announce its decision on Eskom’s tariff application on Wednesday. A media briefing will take place at noon in Pretoria at which Nersa will give its view on the “multi-year price determination” for the next three years. State-owned electricity utility Eskom has applied for a price increase of [...]
Eskom suspends four over Carte Blanche show
Eskom has suspended four employees who participated in a Carte Blanche programme on the company’s employment practices, the company said on Wednesday. “Eskom has taken a preliminary decision to suspend four employees who participated in the Carte Blanche programme that was aired on 24 January 2010 pending the finalisation of their disciplinary hearings,” a statement [...]
T-Systems to double up after Arivia deal
T-Systems SA will double its turnover and staff complement as a result of its acquisition of IT company Arivia.kom from state-owned enterprises Eskom and Transnet. That’s the word from T-Systems SA MD Mardia van der Walt-Korsten, who claims the deal, which has taken three years to complete, will position the company as the SA’s largest [...]
Eskom to fight Maroga’s R85m claim
Eskom will oppose the R85m lawsuit filed against it by ousted CEO Jacob Maroga, the parastatal said on Sunday. “We are aware of it and we will oppose it,” the company said. According to the Sunday Times, Maroga filed a civil claim at the South Gauteng high court demanding “reasonable damages” or reinstatement as CEO. [...]
Eskom hike could delay economic recovery
Eskom’s proposed tariff hike could delay the country’s economic recovery, Business Unity SA (Busa) CEO Jerry Vilakazi said in Midrand on Thursday. “If the 35% increase is accepted by Nersa, we can wave goodbye to an immediate recovery for SA’s economy,” he told a public hearing, organised by the National Energy Regulator of SA, on [...]
ZA Tech Show: Episode 91
Glen Verran, host of the ZA Show, makes his debut on the ZA Tech Show this week, joining Simon Dingle, Duncan McLeod and Brett Haggard. We discuss, among other things, podcasting in SA, FarmVille, Twitter’s waning popularity and the Nokia N900
Sparks fly as Schussler takes aim at Eskom
Sparks flew at an electricity conference on proposed tariff hikes on Thursday, with an economist confronting a senior Eskom manager on his claim that its prices were “really” not that expensive. Economist Mike Schussler, pictured, took the stand and questioned numbers presented by Eskom chief officer for generation Brian Dames. He then accused the government [...]
Eskom tariff hike won’t help growth, says ANC
Electricity parastatal Eskom’s revised tariff increase proposal will not help growth in the country, the ANC said on Wednesday. The party was “concerned” about the effect Eskom’s revised 35% tariff increase proposal for a three year period, would have on the majority of South Africans who would find it “hard to afford”. “We see the [...]
Boyan S: 
The Trutherizer: 
colinza: 
Biscuit1018: