• News
  • Article
  • Business
  • Health
  • Politics
  • Achievement/Profile
  • Sports
  • Features
  • Adverts
Menu
  • News
  • Article
  • Business
  • Health
  • Politics
  • Achievement/Profile
  • Sports
  • Features
  • Adverts
Home News

First three months of 2023 will be difficult, warns Eskom

Olatokunbo Sodipe by Olatokunbo Sodipe
December 26, 2022
in News
0
First three months of 2023 will be difficult, warns Eskom
0
SHARES
24
VIEWS
Share on FacebookShare on Twitter

Eskom warned South Africans on Friday to brace for a prolonged electricity crisis as it struggles to power up the continent’s most advanced economy.

The state-owned company warned the first three months of next year will be difficult.

READ ALSO

No governor will oppose Tinubu’s re-election in 2027 – Gov Uba Sani

Dangote Refinery discontinues N100 billion import licenses suit against NNPCL, others

“We are going to have a challenging period over the next three months,” Eskom chief operating officer Jan Oberholzer told a media briefing.

“It’s going to be a difficult period.”

South Africa has endured electricity shortages for the past 15 years, but power cuts reached new extremes this year, which Eskom blames on sabotage, crime and ageing power stations.

The country generates most of its power from coal-fired plants, but also gets some from Koeberg, a nuclear station near Cape Town.

But one unit at the 40-year-old nuclear plant will be offline next year for refurbishments, removing nearly a gigawatt of precious capacity from the grid.

“The outlook for next year is going to be very constraint,” outgoing Eskom CEO Andre de Ruyter said during the presentation of the company’s annual financial results.

South Africa needs between four and six gigawatts of additional production capacity and “this has become a matter extreme urgency”, said de Ruyter.

Currently, total energy demand stands at around 25 gigawatts, according to official statistics.

The outgoing CEO, who handed in his resignation earlier this month but will stay on the job until March next year, cited a lack of political support and corruption as some of the obstacles to turning around the utility.

The government last week said it had begun deploying the military to protect the country’s electricity plants as the long-running power crisis worsens.

“Our country (risks) becoming …ungovernable if we do not tackle fraud, corruption, sabotage and other crimes,” de Ruyter warned.

“A number of our power stations are in the grips of criminal syndicates,” he added.

Results released Friday showed that the company posted a R12.3 billion net loss during the financial year ending March 2022, compared to a R25 billion loss over the same period the previous year.

Related Posts

No governor will oppose Tinubu’s re-election in 2027 – Gov Uba Sani
News

No governor will oppose Tinubu’s re-election in 2027 – Gov Uba Sani

July 29, 2025
Dangote Refinery discontinues N100 billion import licenses suit against NNPCL, others
News

Dangote Refinery discontinues N100 billion import licenses suit against NNPCL, others

July 29, 2025
2027: We Didn’t Ask Peter Obi to Withdraw From Race – Ohanaeze
News

2027: We Didn’t Ask Peter Obi to Withdraw From Race – Ohanaeze

July 29, 2025
NiDCOM reacts to latest k!lling of Nigerians in South Africa
News

NiDCOM reacts to latest k!lling of Nigerians in South Africa

July 25, 2025
Oil cabal fought back after subsidy removal but President Tinubu didn’t budge – VP Shettima
News

Oil cabal fought back after subsidy removal but President Tinubu didn’t budge – VP Shettima

July 25, 2025
Nigerian passport climbs to 88th in global ranking
News

Nigerian passport climbs to 88th in global ranking

July 25, 2025
Next Post
NIGERIAN AMBASSADOR TO SOUTH AFRICA RECEIVES APC ELECTORAL REPORT.

NIGERIAN AMBASSADOR TO SOUTH AFRICA RECEIVES APC ELECTORAL REPORT.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

The Trumpet International Magazine is a real-time and comprehensive news magazine. It is an independent, national news provider for Africans, reporting daily developments and events in South Africa and other African Countries and their Citizens based in South Africa.

Categories

  • News
  • Article
  • Business
  • Health
  • Politics
  • Achievement/Profile
  • Sports
  • Features
  • Adverts
Menu
  • News
  • Article
  • Business
  • Health
  • Politics
  • Achievement/Profile
  • Sports
  • Features
  • Adverts

Recent Post

No governor will oppose Tinubu’s re-election in 2027 – Gov Uba Sani

Footballer, Dimitri Payet set to go to trial in Brazil’ after being accused of forcing ex-mistress to ‘film bizarre s£x acts’ and ‘drink her ur!ne’

Dangote Refinery discontinues N100 billion import licenses suit against NNPCL, others

2027: We Didn’t Ask Peter Obi to Withdraw From Race – Ohanaeze

NiDCOM reacts to latest k!lling of Nigerians in South Africa

News
Omotayo Daranjo
No governor will oppose Tinubu’s re-election in 2027 – Gov Uba Sani

The Kaduna state governor, Uba Sani, says come

Read More »

Trumpet Magazine | © 2021.

Facebook Twitter Youtube Linkedin Instagram

Add New Playlist