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Cape Business News May 27, 2021 According to MoneyWeb The losing bidder, Instrument Transformer Technologies, faces liquidation as a result. One of just two local manufacturers of electrical transformers says it faces liquidation after a procurement team at Eskom handed two contracts worth R341 million to the more expensive bidder, which it says should have rightfully have gone to it. That much is not in dispute. Eskom’s own lawyers have admitted that three contracts for the supply of electrical transformers were awarded to Actom, even though it was more expensive on two of the ...

Eskom Source: Google Images Embattled power utility Eskom says it will commence its regular wage talks with the company’s recognised labour representative unions starting on 4 May 2021. In a statement on Friday, Eskom said that the wage talks may be unpredictable and, depending on the positions taken by the parties, could result in ‘tensions arising’. “Eskom would like to assure the public that it will do everything possible to attempt to reach consensus that is financially sustainable and in the best interest of its employees, the public and the country at large. “If disruptions w...

March 17, 2021 Eskom Source: Google Images The stand-out item in the Western Cape’ government’s budget, apart from its determination not to be caught napping by another wave of Covid -19 infections, was aportioning R70 million to assist six municipalities in generating, buying and selling their own electricity. The idea is to avoid the tsunami of load-shedding we have been promised for the next five years by the Eskom state monopoly. That is how long it hopes it will take to fix the shambles left of the national power system it inherited from its former managerial kleptocracy. Unli...

December 13, 2020 Eskom Source: Google Images After lengthy investigation and negotiations, Eskom and the Special Investigating Unit have reached an agreement with ABB South Africa in terms of which ABB South Africa will pay Eskom R1.56 billion in full and final settlement of an overpayment dispute relating to a contract unlawfully awarded through corrupt means for work at the Kusile power station. The settlement is inclusive of the capital amount and interest. The agreement will be subject to the review of the High Court in due course. Advocate Andy Mothibi, head of the SIU said: “We are ...