Eskom woes trickle down to aspiring coal barons
As Eskom prepares to shut down five power stations in Mpumalanga, it has also emerged that the state-owned power supplier abandoned its plans to establish a R1 billion fund that was intended to solve the scarcity of investment capital for would-be coal mining entrepreneurs and emerging black miners.
The revelation that the Black Emerging Miners Development Fund, unveiled in 2014, never got off the ground is seen as a blow to efforts to open up the coal industry to emerging players, who were banking on accessing capital from the fund on favourable terms.
Eskom appoints debt collectors to chase defaulters
Power utility Eskom has appointed 30 companies to crack down on consumers who are in arrears with their electricity bills, according to a source.
The plan could put Eskom on a collision course with communities and the South African Local Government Association (Salga) which has accused the state entity of overstepping its constitutional mandate and threatening electricity services.