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Eskom scores $480mln loan from BRICS Bank for Medupi power plant

JOHANNESBURG,  April 2 - The New Development Bank (NDB) will provide a project loan of U.S.$480 million (about R6.8 billion) to Eskom for environmental...

Moody’s keeps SA at investment grade

CAPE TOWN,  April 2 - Moody's on Tuesday issued a credit opinion maintaining South Africa's sovereign credit rating at investment grade. It kept the country's...

Ace Magashule considering legal action amidst state capture allegations

PRETORIA, April 1  - Secretary-general of the African National Congress, Ace Magashule, on Monday said he was not at liberty to comment on the numerous...

Eskom signs $180mln loan with BRICS bank to connect 670MW of...

JOHANNESBURG, 1 April - The New Development Bank (NDB) and South African power utility Eskom on Monday signed a U.S.$180 million loan agreement to connect...

Cabinet mulls further financial support for Eskom

CAPE TOWN, March 29 - Cabinet this week discussed Eskom's financial woes and is looking at ways of giving further support to the troubled...

SA investment grade rating on the line with Moody’s review

JOHANNESBURG, March 29 - South Africa awaited a credit review from Moody’s on Friday which could see it lose its remaining investment grade standing...

Ramaphosa calls on SA not to panic over Eskom and to...

JOHANNESBURG, March 23 - South African President Cyril Ramaphosa has on Friday called on residents not to panic over Eskom load shedding. Ramaphosa said that...

Load shedding appears to be an intractable problem – Sacci CEO...

JOHANNESBURG, March 22 - Load shedding in South Africa has a devastating and negative impact on business and the country's economy, South African Chamber...

IEC promises to keep lights on in voting stations during elections

MIDRAND, March 20 - The Electoral Commission of SA (IEC) chief electoral officer Sy Mamabolo said that the recent power cuts would not negatively...

Eskom says will continue with rotating powercuts

JOHANNESBURG, March 20 - Eskom said on Wednesday it would press on with rotating blackouts, suppressing 2,000 MW of demand at a given time...

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