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ESKOMElectricity Supply Commission
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"I can announce that we have reached an agreement with SAICA that Mr Nomvalo will be seconded to be appointed at the Eskom CROoffice.
Eskom has taken a decision that it will not be restoring power to areas that have repeated failures due to illegal connections, meter tampering and bypassing.
The transaction is subject to customary conditions, including regulatory approvals in South Africa, as well as Eskom's consent for the transfer to Seriti of the coal supply agreements which govern the operations' supply of coal to Eskom.
Eskom has already secured a 31.4% tariff increase and is confident it can talk the regulator - National Electricity Regulator of South Africa (Nersa) - into two more similar hikes in coming months.
SCOPA engaged with management and officials at both stations and met with Eskom's board on Thursday on the issues that emerged at the power stations.
Eskoms Acting Group Chief Executive Officer Jabu Mabuza led the meeting today and promised to create fertile ground to allow for unions and Eskom to have mutually beneficial engagements beyond his term as GCEO.
The governor of the South Africa central bank has said that commercial banks in the nation can withstand a default by power utility, Eskom.
As a former chair of South African state electricity utility Eskom from 1997 to 2002, a former chair of Nedbank, and a close associate of President Thabo Mbeki during his stint as head of South Africa's NEPAD Business Group, Reuel
Under Khoza's chairmanship, an ambitious Eskom invested in other African countries, including the wider SADC region.
In 2016, the Gupta family's Tegeta Resources bought Optimum Coal Mine from Glencore for ZAR 2.15 billion after Eskom extended a R586 million prepayment for coal.
The rating actions reflect the continued liquidity weakness, but also the progress Eskom is making in raising new funding, addressing its corporate governance issues and preparing a new corporate plan, including an update on Regulatory Clearing Account (RCA) that was brought forward to June 2018 by the regulator.