Eskom has extended its waiver of registration-related charges for small rooftop solar systems until further notice, removing a 30 September deadline. But the utility insists registration remains compulsory, and the Organisation Undoing Tax Abuse (Outa) says it has yet to hear a convincing reason why. In a statement on Wednesday, Eskom said the waiver would…
Eskom’s plan to sell surplus electricity to cryptocurrency miners at a discount has drawn support from the crypto sector, but whether it works will depend on the size of the discount, who else qualifies and how miners are made to switch off when the grid is under pressure, says Steven Boykey Sidley, a partner at…
Eskom chairman Mteto Nyati Mteto Nyati will continue as chairman of Eskom’s board, energy minister Kgosientsho Ramokgopa said on Friday, settling a question that had hung over the utility since it reported its annual results last month. Nyati’s three-year term as chairman was due to end in October. Nyati, a former CEO of MTN South…
Eskom reported a R30.3-billion profit for the year to 31 March, but a larger sum than that never reached the income statement at all. Outgoing group chief financial officer Calib Cassim set out the arithmetic at Monday’s results presentation. Eskom, he said, lost 13.1TWh of electricity to theft during the year – power that was…
A solar farm at Gold Fields’ South Deep mine, south-west of Johannesburg. Siphiwe Sibeko/Reuters South Africa’s mining firms are accelerating investment in renewable energy as they seek to diversify power sources, cut costs and meet decarbonisation targets, marking a shift after decades of reliance on state utility Eskom. Anglo American and Sibanye Stillwater are among…
Johannesburg The City of Johannesburg says it has settled in full the R5.26-billion in overdue electricity debt it owed Eskom, and that the utility has withdrawn the legal process it began in May that could have led to supply cuts across parts of the metro. The announcement came on Friday in a joint statement from…
Teraco’s CT2 data centre in Cape Town Eskom is courting the world’s largest technology companies as buyers for a power surplus it cannot otherwise shift, chairman Mteto Nyati told the Financial Times on Wednesday. But South Africa’s biggest data centre operator says the industry’s problem is not a shortage of generation. Nyati said Eskom was…
South Africa generated less electricity in June than in any June in at least seven years, including June 2020, when much of the economy was shut under Covid-19 restrictions. It did so while Eskom’s power stations were performing better than at any point since 2017. Data published by Statistics South Africa on Thursday shows electricity…
President Cyril Ramaphosa has endorsed a report by the Eskom restructuring task team setting out how to establish a fully independent, state-owned transmission system operator (TSO) that will own and control South Africa’s transmission assets and run the electricity market. “The TSO is a key enabler of a successful competitive wholesale electricity market that is…
Eskom’s distribution business is preparing to participate in SA’s emerging competitive multi-market environment. (Image source: iStock) National Treasury’s eTenders Portal rebounds this week, with representations from national and provincial government departments dominating the edition. However, it is a request for information from state electricity utility Eskom that takes top spot. In its documentation, the business…
