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Minister Pravin Gordhan Says All Eskom Senior Directors Have Been Requested to Drop Leave


Pravin Gordhan
Pravin Gordhan,

Gordhan is asked about a tweet he referred to as “treasonous”

He has not said who sent the tweet or what he said, telling journalists to work it out for themselves.

“Undermining the electricity system, which undermines the economy which effects every citizen in this country is treasonous, you can use it with a small t or a big T”.

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15:22 ShareIcon
Mabuza says that Eskom cannot solve the problems now plaguing it alone.

“These are problems we have all caused as South Africans”.

The press is now asking questions.

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15:18 ShareIcon
Eskom chairperson Jabu Mabuza takes over from the minister.

In a similar vein to what Gordhan said earlier, Mabuza says that Eskom has not been doing enough to maintain its fleet of power plants.

“Like all mechanical stuff, if you don’t maintain it is subject to wear and tear”.

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Gordhan says Eskom is working to make sure that there is no ‘Dark Christmas’.

“So to round up we are going to try our best to get to a point where load shedding disappears before Christmas,” he says. “Some newspapers and media have been talking about dark Christmas…we are working very hard to make sure that doesn’t happen.”

“Second we want to assure businesses that by the time you get back to work in January we have much more stable situation”.

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14:59 ShareIcon
Gordhan says contractors at the Medupi and Kusile power stations have been falling short in design and quality, and a forensic investigation has started into what went wrong.

He mentions Hitachi, who were fined $19m by the SEC in the US in 2015 for corrupt payments to the ANC’s investment arm Chancellor House.

Hitachi paid the fine but did not deny or confirm the charges.

“Somebody is making money out of doubling the cost of Medupi,” says Gordhan.

The public enterprises minister says while Eskom may have ‘suspicions’ around who is inflating prices, they will await the result of the forensic report.

He also earlier said that Eskom would employ a few independent experts to give the power utility’s board an arms length view of its plans.

US: Hitachi made improper payments to ANC
14:48 ShareIcon
Gordhan says load shedding contracts the economy, and the plan is to make sure as far as possible that Stage 2 load shedding is cut down next year.

“Ideally the kind good good numbers we saw from the third quarter – 2.2% growth – is what Eskom doesn’t want to be seen messing around with.”

He also says the Eskom team is working to increase stockpiles of coal at power stations to 33 days.

14:44 ShareIcon
Gordhan has said that says all senior Eskom senior managers have been asked to cancel leave, and they will be physically visiting power stations throughout the country.

He says he wants to see more urgency.

14:42 ShareIcon
Gordhan has said there is only one energy expert in the department of public enterprises, and this capacity was run down during the time of his predecessor.

“We need to strengthen the department’s capacity to monitor what is going on’.

14:38 ShareIcon
Gordhan now talks about why there has been load shedding.

He says that while Eskom has 47 000 megawatts in installed capacity, it can currently only use 26 000 to 27 000 MW.

Between 9 000 and 11 500 MW of installed capacity is not contributing to the grid as these generating units are being repaired after breakdowns.

Then it has to keep a reserve margin of 2 500.

14:35 ShareIcon
Gordhan says that a team will look at whether load shedding schedules are correct on the ground, as many complaints have been received to say they are not.

He also says Eskom must improve how it communicates that load shedding has started, saying a tweet is not enough.

14:31 ShareIcon
Public Enterprises Minister Pravin Gordhan says Eskom was “one of the centres of state capture” and its current difficulties stem, in part, from the state capture project, together with old power stations.
14:26 ShareIcon
Eskom chairperson Jabu Mabuza, Public Enterprises Minister Pravin Gordhan and the Eskom CEO have arrived.

14:20 ShareIcon
Watch our video for a quick overview of what is behind the load shedding crisis.

14:17 ShareIcon
Journalists have been told that Eskom’s management team has been slightly delayed and the briefing will start in a few minutes.

14:12 ShareIcon
A seat with a name badge has been reserved for Minister of Public Enterprises Pravin Gordhan, meaning he may also be involved in the briefing.

LIVE: Gordhan says all Eskom senior managers have been asked to cancel leave
2018-12-06 13:55

The public enterprises minister is briefing the media on the state of the power utility after days of load shedding, power generation unit breakdowns and reports it wants the state to take over R100bn of its R419bn debt.

Last Updated at 14:32
15:25 ShareIcon
Gordhan is asked about a tweet he referred to as “treasonous”

He has not said who sent the tweet or what he said, telling journalists to work it out for themselves.

“Undermining the electricity system, which undermines the economy which effects every citizen in this country is treasonous, you can use it with a small t or a big T”.

Share
15:22 ShareIcon
Mabuza says that Eskom cannot solve the problems now plaguing it alone.

“These are problems we have all caused as South Africans”.

The press is now asking questions.

Share
15:18 ShareIcon
Eskom chairperson Jabu Mabuza takes over from the minister.

In a similar vein to what Gordhan said earlier, Mabuza says that Eskom has not been doing enough to maintain its fleet of power plants.

“Like all mechanical stuff, if you don’t maintain it is subject to wear and tear”.

Share
15:15 ShareIcon
Share
15:11 ShareIcon
Share
15:07 ShareIcon
Gordhan says Eskom is working to make sure that there is no ‘Dark Christmas’.

“So to round up we are going to try our best to get to a point where load shedding disappears before Christmas,” he says. “Some newspapers and media have been talking about dark Christmas…we are working very hard to make sure that doesn’t happen.”

“Second we want to assure businesses that by the time you get back to work in January we have much more stable situation”.

Share
14:59 ShareIcon
Gordhan says contractors at the Medupi and Kusile power stations have been falling short in design and quality, and a forensic investigation has started into what went wrong.

He mentions Hitachi, who were fined $19m by the SEC in the US in 2015 for corrupt payments to the ANC’s investment arm Chancellor House.

Hitachi paid the fine but did not deny or confirm the charges.

“Somebody is making money out of doubling the cost of Medupi,” says Gordhan.

The public enterprises minister says while Eskom may have ‘suspicions’ around who is inflating prices, they will await the result of the forensic report.

He also earlier said that Eskom would employ a few independent experts to give the power utility’s board an arms length view of its plans.

US: Hitachi made improper payments to ANC
14:48 ShareIcon
Gordhan says load shedding contracts the economy, and the plan is to make sure as far as possible that Stage 2 load shedding is cut down next year.

“Ideally the kind good good numbers we saw from the third quarter – 2.2% growth – is what Eskom doesn’t want to be seen messing around with.”

He also says the Eskom team is working to increase stockpiles of coal at power stations to 33 days.

14:44 ShareIcon
Gordhan has said that says all senior Eskom senior managers have been asked to cancel leave, and they will be physically visiting power stations throughout the country.

He says he wants to see more urgency.

14:42 ShareIcon
Gordhan has said there is only one energy expert in the department of public enterprises, and this capacity was run down during the time of his predecessor.

“We need to strengthen the department’s capacity to monitor what is going on’.

14:38 ShareIcon
Gordhan now talks about why there has been load shedding.

He says that while Eskom has 47 000 megawatts in installed capacity, it can currently only use 26 000 to 27 000 MW.

Between 9 000 and 11 500 MW of installed capacity is not contributing to the grid as these generating units are being repaired after breakdowns.

Then it has to keep a reserve margin of 2 500.

14:35 ShareIcon
Gordhan says that a team will look at whether load shedding schedules are correct on the ground, as many complaints have been received to say they are not.

He also says Eskom must improve how it communicates that load shedding has started, saying a tweet is not enough.

14:31 ShareIcon
Public Enterprises Minister Pravin Gordhan says Eskom was “one of the centres of state capture” and its current difficulties stem, in part, from the state capture project, together with old power stations.
14:26 ShareIcon
Eskom chairperson Jabu Mabuza, Public Enterprises Minister Pravin Gordhan and the Eskom CEO have arrived.

14:20 ShareIcon
Watch News24’s video for a quick overview of what is behind the load shedding crisis.

14:17 ShareIcon
Journalists have been told that Eskom’s management team has been slightly delayed and the briefing will start in a few minutes.

14:12 ShareIcon
A seat with a name badge has been reserved for Minister of Public Enterprises Pravin Gordhan, meaning he may also be involved in the briefing.
14:07 ShareIcon

13:56 ShareIcon
Vicious Circle

Fin24 unpacks the issues facing the power utility, from increasing coal and employment costs, to stagnant revenue growth and ever-rising debt.

ANALYSIS: Eskom’s deadly cocktail
13:55 ShareIcon
Eskom CEO Phakamani Hadebe will on Thursday afternoon give an operational update on the state of the debt-laden and cash-strapped state power utility.

Eskom has been forced to implement stage 2 load shedding every day of this week, as it battles to repair broken power generating units.

According to Bloomberg and Business Day, it is also considering asking the government to take over R100bn of its R419bn debt burden.

Economists and ratings agencies, meanwhile, say problems in supplying industry and business with uninterrupted electricity is sure to further depress SA’s already moribund GDP growth rate.

Eskom is said to propose moving debt to state, cutting jobs

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