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Gordhan says Eskom is quantifying R841m loss at Kusile

Gordhan says Eskom is quantifying R841m loss at Kusile
By Mayibongwe Maqhina
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Cape Town - Power utility Eskom is in the process of quantifying losses incurred in the R841 million accommodation building for workers at the Kusile power station.
This was revealed by Public Enterprises Minister Pravin Gordhan in his written response to parliamentary questions by DA MP Benedicta van Minnen.
The incomplete project, known as Wilge Residential Development Project, was initially costed at R260m but it ballooned to more than R800m when it was halted in 2019.
“Eskom is in the process of quantifying the losses incurred and the parties against whom legal actions should be taken. Counsel has been engaged to advise on the merits of intended action,” Gordhan said. ....

Cape Town , Western Cape , South Africa , Michele Clarke , Pravin Gordhan , Van Minnen , Reuben Mamorare , National Home Builders Registration Council , Human Settlements Department , Public Enterprises , Wilge Residential Development , Public Enterprises Minister Pravin Gordhan , Wilge Residential Development Project , Liviero Wilge Joint Venture , Human Settlements , Special Investigating Unit , கேப் நகரம் , மேற்கு கேப் , மைக்கேல் கிளார்க் , பிராவின் கோர்டன் , தேசிய வீடு பில்டர்கள் பதிவு சபை , மனிதன் குடியேற்றங்கள் துறை , பொது நிறுவனங்கள் , பொது நிறுவனங்கள் அமைச்சர் பிராவின் கோர்டன் , மனிதன் குடியேற்றங்கள் , சிறப்பு விசாரணை அலகு ,

Eskom needs to impose more price hikes to become profitable, says CEO

Eskom needs to impose more price hikes to become profitable, says CEO
Quality of coal in SA s power stations worrying, says public enterprises minister Pravin Gordhan
17 February 2021 - 16:33
Image: REUTERS/Sumaya Hisham
Power utility Eskom says it would have to impose an additional 15% tariff hike in the 2023 financial year and resolve the existing municipal debt to become a profitable business again.
This is according to CEO Andre de Ruyter, who made the revelation before the portfolio committee on public enterprises on Wednesday.
This was less than 24 hours after the Pretoria high court ordered the National Energy Regulator of SA (Nersa) to add R10bn to Eskom’s allowable revenue to be recovered from tariff customers in the 2021/2022 financial year. ....

South Africa , Pravin Gordhan , Andre De Ruyte , National Energy Regulator Of Sa , Wilge Residential Development Project , Medupi Kusile , Load Shedding , Price Increase , பிராவின் கோர்டன் , தேசிய ஆற்றல் சீராக்கி ஆஃப் ச , சுமை உதிர்தல் , ப்ரைஸ் அதிகரி ,

Eskom's 'deplorable' R840m Kusile housing blunder could go to local community

Eskom's 'deplorable' R840m Kusile housing blunder could go to local community
news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.

South Africa , Sikonathi Mantshantsha , Bowman Gilfillan , Department Of Human Settlements , Wilge Residential Development , Wilge Residential Development Project , Human Settlements , Special Investigating Unit , போமன் கில்ஃபிலன் , துறை ஆஃப் மனிதன் குடியேற்றங்கள் , மனிதன் குடியேற்றங்கள் , சிறப்பு விசாரணை அலகு ,

Eskom keen to get rid of cash-burning flats

Eskom keen to get rid of cash-burning flats
10 February 2021 - 07:06
With its modern look and four-storey apartments boasting aluminium windows and balcony railings, the Wilge Residential Development Project near Kusile power station in Mpumalanga should be Eskom’s showcase of dynamism and appreciation of its employees.
But the multimillion-rand project which initially started with a budget of R160m in 2008 before it ballooned to more than R800m when it was abandoned in 2019 has become a symbol of monumental waste of taxpayers money.
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Kwazulu Natal , South Africa , Wilge Residential Development , Mahlangu Senior , Wilge Residential Development Project , Comment Policy , Sikonathi Mantshantsha , Siyakhula Vilakazi , க்வஸூல்யூ நேட்டல் , கருத்து பாலிஸீ ,

Eskom spent R840m on flats for staff, but no-one can live in them

Eskom spent R840m on flats for staff, but no-one can live in them
An official from the auditor-general s office says it was actually very difficult to get credible answers to how the costs went from R160m to R840m
03 February 2021 - 21:52
Eskom built flats at the Kusile power station at a cost of R840m, but parliament was told of Wednesday that they were uninhabitable. File picture.
Image: Eskom
Eskom squandered more than R800m building flats for construction workers at its Kusile power station but parliament was told on Wednesday that the flats were uninhabitable.
The company had budgeted R160m for the Wilge Residential Development Project, a few kilometres from Kusile. Now, some nine years later, MPs heard on Wednesday that R840m was spent, that the project remains incomplete and that the units are uninhabitable. ....

South Africa , Siyakhula Vilakazi , Liviero Group , Wilge Residential Development , Wilge Residential Development Project ,