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South Africa: “Power cuts expected to hit South Africa’s GDP” – Goldman Sachs

Posted on March 23, 2019March 23, 2019 by Mozambique Resources Post

Severe planned power cuts at South African state-run utility Eskom are expected to shave 0.3 percentage points off first-quarter GDP growth, Goldman Sachs said on Thursday.

South Africa: “Mozambique cyclone to blame for stage 4 load shedding,” – says Eskom

Posted on March 18, 2019March 18, 2019 by Mozambique Resources Post

Eskom says the cyclone in Mozambique has contributed significantly to load shedding being escalated from stage 3 to stage 4 this afternoon.

South Africa: ESKOM working with Mozambican technicians to restore power

Posted on March 18, 2019March 18, 2019 by Mozambique Resources Post

JOHANNESBURG – Eskom says it’s working with technicians in Mozambique to restore power supply through the two power lines that went offline cutting about 1,000 megawatts of power from the grid.

South Africa: Workers Union to protest Eskom unbundling

Posted on March 15, 2019March 15, 2019 by Mozambique Resources Post

The National Union of Mineworkers (NUM) announced on Tuesday that it would march on the African National Congress’ (ANC’s) Luthuli House head office, in Johannesburg, on March 30 to voice its opposition to the unbundling of Eskom.

Africa Energy: South Africa Eskom bailout could reach over US10billion

Posted on February 22, 2019February 22, 2019 by Mozambique Resources Post

(Reuters) – A bailout for struggling South African state utility Eskom could reach as much as 150 billion rand ($10.79 billion) over 10 years, a senior National Treasury official told Reuters.

Africa Energy: AfDB optimistic about Eskom’s turnaround

Posted on February 20, 2019February 20, 2019 by Mozambique Resources Post

The African Development Bank (AfDB), which has extended billions of rands in loans to Eskom, says it is optimistic the actions being taken to turn around the embattled South African power utility will bear fruit.

Africa Oil & Gas: SA’s Gordhan meets Eskom executives over power crisis

Posted on February 12, 2019February 12, 2019 by Mozambique Resources Post

South Africa’s Public Enterprises Minister Pravin Gordhan is meeting executives from state power firm Eskom on Monday to find solutions to the country’s electricity crisis, Eskom spokesman Khulu Phasiwe told Reuters.

Africa Energy: SA’s Eskom to implement power cuts over capacity constraint

Posted on February 11, 2019February 11, 2019 by Mozambique Resources Post

South Africa’s power utility Eskom said it would temporarily turn off the power on Sunday due to the increasing strain on its power stations and reserve capacity.

Africa Energy: SA unions oppose potential split of power firm Eskom

Posted on February 6, 2019February 6, 2019 by Mozambique Resources Post

South African trade union federation COSATU said on Tuesday that it opposed a proposal to split up Eskom into three different entities, adding that it would not solve the struggling utility’s governance and debt problems.

Africa Energy: South African miners want restructuring of power firm Eskom

Posted on January 31, 2019January 31, 2019 by Mozambique Resources Post

South African miners support a restructuring of struggling state power firm Eskom to boost competition in the electricity supply industry, an industry body said on Wednesday, warning that tariff hikes alone would not solve Eskom’s problems.

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