Eskom News

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South Africa considers merging South African Airways and SA Express

South Africa considers merging South African Airways and SA Express

South Africa will explore merging two of its state-owned airlines, South African Airways (SAA) and SA Express, and seek a minority equity partner for the company, Finance Minister Pravin Gordhan said on Wednesday.

Koeberg Nuclear Power Station in South Africa is the only nuclear power plant on the African continent.

Nuclear and renewables: South Africa's ambitious new energy mix (Video)

Heavily reliant on coal-fired electricity, South Africa is launching ambitious new projects aimed at diversifying its energy sources and avoiding power cuts.

Brian Molefe, CEO, Eskom

Brian Molefe made permanent CEO of South Africa's power utility Eskom

South Africa’s cabinet has appointed Brian Molefe as chief executive of power utility Eskom on a permanent basis, the public enterprises minister said on Friday.

South Africa goes 30 days without power cuts in boost for economy

South Africa goes 30 days without power cuts in boost for economy

South Africa’s struggling power utility Eskom has marked 30 straight days without imposing rolling power cuts.

Transnet CFO Anoj Singh: Singh has been seconded to Eskom for six months

Transnet CFO Anoj Singh joins CEO at Eskom to tackle South Africa power gap

South Africa’s power utility recruited a second top executive from the country’s state-owned rail operator as Eskom Holdings SOC Ltd. struggles to plug a deficit in electricity supply.

Vodacom shop

South Africa sells Vodacom stake to fund Eskom in $1.9B deal

South Africa’s government has sold its 13.91% stake in mobile phone firm Vodacom to the Public Investment Corporation to raise 23 billion rand ($1.9 billion) in funding for power utility Eskom, the Treasury said on Wednesday.

Tshediso Matona, former Eskom CEO

South Africa's power utility Eskom parts ways with suspended CEO Tshediso Matona

South Africa’s power firm Eskom said on Monday it had agreed to “amicably” part ways with its chief executive who was suspended pending an inquiry into operations at the struggling utility.

Load-shedding -- scheduled power cuts to reduce energy usage -- has become part of everyday life for many people and companies in South Africa (AFP Photo/Marco Longari)

Electricity shortages hobble South Africa's growth, says Finance Minister Nhlanhla Nene

Power outages are the biggest brake on South Africa’s economic growth, Finance Minister Nhlanhla Nene said Monday, as factories, homes and offices across the country continue to suffer from long electricity cuts.

South Africa looking at sale of Eskom power stations

South Africa looking at sale of Eskom power stations

South Africa is considering selling some of the state-owned power utility Eskom’s stations or an initial public offering of a portion of the cash-strapped utility’s shares, the Business Day newspaper said on Wednesday, quoting a Treasury official.

Pedestrians pass a Vodacom mobile phone store in Johannesburg. Photographer: Waldo Swiegers/Bloomberg

Africa's Biggest Fund Manager Said to Explore Vodacom Deal

The Public Investment Corp., Africa’s biggest money manager, is considering increasing its stake in Vodacom Group Ltd. by buying government-owned shares in the wireless operator, people familiar with the plans said.

Brian Molefe, the newly appointed acting chief executive officer of power utility Eskom Holdings SOC Ltd., is a former senior Treasury official. Source: Transnet SOC Ltd./Eskom Holdings SOC Ltd. via Bloomberg

South Africa Treasury ex-officials soothe investors in new roles

South Africa is increasingly turning to National Treasury officials from the country’s first decade of democratic rule to help steer key economic institutions and boost investor confidence.

Solar power plant

Africa's largest money manager to invest in $1.8B solar energy plants in South Africa

The Public Investment Corp., Africa’s biggest money manager, invested in two South African solar-power plants worth 22 billion rand ($1.8 billion) to help boost energy supplies in the continent’s second-biggest economy.

Solar Power Plant

Abengoa closes $660M in financing for South Africa solar power plant

Abengoa SA, an energy and environment company based in Spain, closed $660 million in project financing for a solar power plant in South Africa.

Jacob Zuma, President of South Africa

Why South Africa's president is right and wrong to blame apartheid for power cuts in 2015

South Africa may be entering its fifth consecutive month of power outages but that hasn’t put President Jacob Zuma above buck-passing.

A power company by South African state-owned Eskom, in Witbank, South Africa, on February 5, 2015 (AFP Photo/Marco Longari)

South Africa's Eskom puts first new power station online in 20 years

South Africa put its first new power station in 20 years on line Monday as the country grapples with rolling electricity cuts that have hobbled growth in the continent’s second-largest economy.

Eskom

South Africa to sell Telkom and Vodacom shares to raise $870M for public power utility Eskom

South Africa’s government is planning to inject USD 870 million into public power utility Eskom, and it may sell its stakes in Telkom and Vodacom to raise the money.

A man walks past electricity pylons as he returns from work in Soweto, outside Johannesburg May 15, 2012.

South Africa's power grid under strain, diesel a concern

South Africa’s power grid is under significant pressure and reserves are expected to be “very tight” next week as more businesses reopen after the holiday season, a spokesman for power utility Eskom said.

Actis Capital

Private equity firm Actis said to prepare $1B sale of South Africa's Actom

Actis LLP, a U.K.-based private-equity firm, is preparing to sell its stake in South Africa’s Actom Pty Ltd. in a deal that could value the business at more than $1 billion, two people with knowledge of the matter said.

Koeberg nuclear power station, about 30 km outside Cape Town, on January 18, 2007

South Africa signs nuclear power agreement with China, following recent agreements with Russia and France

South Africa has signed a nuclear energy cooperation agreement with China as the government looks to expand the critical power supply system, officials said Friday.