Pretoria – Eskom has defended the increase in the payment of executives in the parastatal, saying this is a direct result of the company having filled vacant posts. "The large percentage increases in total executive remuneration are almost entirely a result of this [recruitment] process. Four of the executives whose pay packages are listed in Eskom's Integrated Report for … [Read more...] about Eskom justifies execs remuneration
eskom
Lack of funding hampering electricity connection: Eskom
Cape Town - Electricity parastatal Eskom has been grilled by Parliament for supply disruptions and connection delays in areas such as rural communities, schools and clinics. It also came under fire for employing expatriates as welders at its mega power stations - Medupi and Kusile - construction sites after disgruntled locals briefly caused disruptions there last … [Read more...] about Lack of funding hampering electricity connection: Eskom
Massive drive to increase apprenticeships
Cape Town – State-owned enterprises (SOEs) have embarked on a massive drive to train up engineers, artisans and technicians over the next three years, the Minister of Public Enterprises Malusi Gigaba said today. Gigaba told a media briefing shortly before presenting his Budget Vote in Parliament this morning, that his department planned to increase the number of artisans … [Read more...] about Massive drive to increase apprenticeships
Eskom secures R5.7bn loan for Kusile
Pretoria - Eskom has secured a R5.7 billion loan with the Export Import Bank of the United States to go towards the Kusile power station, it said on Monday. "We are pleased with the decision by the Ex-Im Bank board to approve financing, which will help to build Eskom's Kusile power station. This is a statement of confidence by the US agency in Eskom, and in South Africa and … [Read more...] about Eskom secures R5.7bn loan for Kusile
$805 Million Eskom Kusile Power Plant Loan Approved
The board of directors of the Export-Import Bank of the United States (Ex-Im Bank) voted on 26 May to approve an $805.6 million direct loan to South Africa's state-owned electric power utility, Eskom, Limited. That action, plus today's approval for over $59 million to enable Rwanda's RwandAir Express to buy Boeing aircraft, brings Ex-Im Bank's current fiscal year financing in … [Read more...] about $805 Million Eskom Kusile Power Plant Loan Approved
