Monday, July 15, 2024
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Eskom Debt

Eskom Strike: Unions Have Finally Accepted the 7% Wage Increase

The Eskom strike officially ended on Tuesday after the National Union of Metalworkers of South Africa (Numsa) and the National Union of Mineworkers (NUM) accepted the 7% wage increase which was proposed by the utility after engaging in heated...

Government to Intervene on Petrol Price in SA, Finance Minister Confirms

The South African government met to discuss what should be done in the wake of an anticipated petrol price hike on Wednesday. Finance Minister Enoch Godongwana and Mineral Resources and Energy Minister Gwede Mantashe met during the weekend to discuss...

Stage 4: SA Load-Shedding Up To Three Times a Day

South Africa's power utility Eskom has announced that it is jumping from Stage 2 load-shedding to Stage 4 from 12:00 on Wednesday. Stage 4 load-shedding will then continue until 05:00 in the morning on Friday - thereafter it will continue...

Indebted Eskom Turns to Sukuk Market for Funding

South Africa's embattled national power utility Eskom has new plans to issue a $58 million (R1 billion) sukuk bond in a bid to diversify funding sources as borrowing costs rise. According to spokesperson Sikonathi Mantshantsha, Eskom has appointed a new...
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Online Sextortion Epidemic Plagues Teens

Just hours before his untimely death, the life of 16-year-old Murray Dowey from Scotland seemed ordinary, a night of...
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