Energy Intensive Users Group of Southern Africa

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EIUG Comment On Proposed Strike By Eskom Unions – June 2018

The EIUG is extremely concerned about the industrial action by Eskom employees.  This strike will be hugely detrimental to the fragile SA economy.  The EIUG’s 32 members who consume 40% of the electrical energy in the country, collectively contribute around 22% to the GDP of SA and neither they nor any other companies in South Africa can afford to have electricity cuts. Says Xolani Mbanga, CEO of the EIUG, “At this stage the load shedding has not been applied to large electricity users.  We have been in contact with Eskom and note its intention to activate its contingency ...READ ARTICLE >>

2022-09-26T11:02:22+00:00June 15th, 2018|

Eskom’s intention to take NERSA to court – June 2018

The Energy Intensive User Group (EIUG) notes Eskom’s intention to approach the courts to have NERSA’s tariff set aside.  EIUG represents very large energy intensive consumers in South Africa whose members collectively consume approximately 40% of South Africa’s electricity.  The organisation works towards a sustainable energy sector on behalf of its members. Xolani Mbanga, EIUG CEO says, “We cannot comment on the merit of Eskom’s application as we have not yet seen the details.  What does concern us is that this action increases the uncertainty around the electricity price and negatively impacts large power users.” He adds, “While ...READ ARTICLE >>

2022-09-26T11:02:48+00:00June 8th, 2018|

Eskom 2016/17 borrowings up 46%

‘Lower savings, tariff increases.’ PRETORIA – Eskom increased its planned borrowings in 2016/17 dramatically by R21.7 billion to R68.5 billion, not because it accelerated its new build programme, but due to lower net savings than earlier anticipated and lower than expected tariffs during the current tariff period that ends on March 31, 2018. This was disclosed in the 2016 Budget Review issued with Finance Minister Pravin Gordhan’s 2017 Budget Speech on Wednesday. By December last year Eskom had utilised R187 billion of its R350 billion government guarantee. Government has extended the guarantee, due to expire in March this year, for ...READ ARTICLE >>

2017-04-03T12:44:39+00:00April 3rd, 2017|

Nuke programme to go ahead but won’t be implemented recklessly: Gigaba

New Finance Minister Malusi Gigaba insist that government's controversial nuclear-build programme will continue as planned, but that it will not be implemented recklessly. Critics of the programme, who say it has already been corrupted after the 2014 announcement that Russian nuclear agency Rosatom had already secured the rights to build new South African nuclear plants. The government has since said the announcement was wrong and that nuclear was still in feasibility study stage. The issues has been contentious as many corners argue that South Africa, whose geographical location makes it the perfect place to implement other alternative energies such ...READ ARTICLE >>

2017-04-03T12:20:53+00:00April 3rd, 2017|
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