Tag: Eskom

African Bank
BusinessHot News

African Bank’s $343 million Eskom home loan deal collapses

African Bank’s $343 million Eskom mortgage portfolio acquisition collapsed after key deal conditions were unmet.

Timilehin Adejumobi Timilehin Adejumobi
South Africa power dispute deepens as Eskom faces pressure over grid control shift
BusinessTechnology

Eskom urged to shift grid control to NTCSA amid South Africa power strain

South Africa’s power sector is under fresh strain as tensions rise between Eskom and independent power producers, sharpening concerns about grid access, energy security and the pace of renewable energy investment.  A recent court ruling has brought the issue into sharper focus, raising questions about how scarce grid capacity is shared in one of Africa’s tightest electricity markets. Demand for…

Oluwatosin Alao Oluwatosin Alao
Eskom Holdings head office
BusinessHot News

Eskom redeems $2.2 billion bond after 19 years in markets    

Eskom redeems its $2.2 billion ES26 bond after 19 years, marking a milestone in financial stability and improved investor confidence in South Africa.

Timilehin Adejumobi Timilehin Adejumobi
Koeberg Nuclear Power Station
BusinessHot News

Eskom’s Koeberg unit hits 99.4% output after yearlong run   

Eskom’s Koeberg Nuclear Power Unit 2 ran 365 days uninterrupted, delivering 946 MW to Cape Town and boosting South Africa’s grid stability.

Timilehin Adejumobi Timilehin Adejumobi
Discovery co-founder & ceo
BusinessHot News

Discovery CEO Adrian Gore says South Africa at critical turning point   

Discovery CEO Adrian Gore says South Africa has reached a decisive moment.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

South Africa cuts Eskom tariffs to revive chrome jobs, boost $4.77 billion exports

South Africa cuts Eskom tariffs for ferrochrome, aiming to restore smelters, create 11,400 jobs, and boost $4.77 billion in exports.

Omokolade Ajayi Omokolade Ajayi
Hot News

South Africa’s Eskom gets $3.4 billion boost from revised electricity tariffs

South Africa’s Eskom gains $3.4 billion from tariff correction, boosting finances and funding power plant upgrades.

Omokolade Ajayi Omokolade Ajayi