Eskom Predicts a Load-Shedding-Free Summer

Johannesburg – Load shedding may soon be a thing of the past, as Eskom forecasts a summer with little to no power cuts. During a media conference at Megawatt Park, Eskom CEO Dan Marokane expressed optimism that the recent trend of no load shedding, which lasted 152 days through winter, is likely to extend into […]

President Ramaphosa Signs Electricity Regulation Amendment Act into Law

In a significant move towards modernizing South Africa’s electricity sector, President Cyril Ramaphosa has officially signed the Electricity Regulation Amendment Act into law. This landmark legislation introduces sweeping changes aimed at fostering competition, ensuring energy security, and reducing energy costs across the nation. The newly amended Act revises the Electricity Regulation Act of 2006 to […]

Telkom’s Earnings Soar Amid Load-Shedding Reprieve

Telkom has reported a significant boost in earnings for the quarter ending 30 June 2024, largely due to the reduction in load-shedding, which has dramatically cut operational costs. In its latest trading update, Telkom revealed that its earnings before interest, tax, depreciation, and amortization (EBITDA) saw impressive gains across its divisions. Telkom Consumer’s EBITDA rose […]