EDITOR’S LUNCHBOX: It was December and quiet, and still Eskom maintenance was ignored
Arrear debt is growing R500m per month, Eskom CFO Calib Cassim says, and Sasol backtracks on US project's projections
Stories of note
Bytes from the digital world
Eskom is load-shedding again after expectations that it would have done the necessary maintenance work and repairs during the festive season failed to materialise.
“Municipal arrear debt currently amounts to R18bn, and is growing at about R450m per month, while Soweto arrear debt adds a further R17bn, growing at about R50m per month. Thus in total, arrear debt is growing by R500m per month,” Eskom CFO Calib Cassim told Chris Yelland.
In my opinion
Matters of debate
The privatisation of UK gas and electricity companies started back in the 1980s, so there is enough history to draw some conclusions, especially when it comes to pricing.
Splitting Eskom into three units rather than just generation and transmission, adds a complex piece to the puzzle, distribution. The government botched that before with its disastrous regional electricity distributors (Red) plan.
The long and the short of the markets
Figuring out the complex web of the Resilient family of property companies to check if allegations made by short-sellers Viceroy and others have merit will take another six months, according to the regulator.
After telling the market in October that its US project was on time and budget, Sasol suddenly changed its mind on Friday, escalating what was originally supposed to cost less that $9bn to nearly $12bn.