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jabu mabuzalatest news & developments
Many people would probably remember the late Jabu Mabuza as the chairperson and acting chief executive of Eskom, but there is more to Mabuza’s life and contribution than Eskom.(Photo by Felix Dlangamandla/Foto24/Gallo mages/Getty Images)

Obituary: Jabu Mabuza was so much more than a ‘taxi driver’ at Eskom

The businessman, who died suddenly this week, leaves a long legacy of highly successful ventures

Apology

On 31 July 2020, the Mail & Guardian published an article with the headline “Eskom cancels dodgy R100m tender”. The headline was false and no contract was ever cancelled between…

Partner row hits Mabuza Eskom deal

A falling out between partners in the controversial R100-million contract to do boiler tube maintenance at Eskom’s Medupi power station is threatening to scupper the entire…

What a mess: President Cyril Ramaphosa waits patiently for the chance to deliver his State of the Nation Address, but EFF disruptions
caused speaker Thandi Modise to suspend the joint sitting of Parliament.  (David Harrison/M&G)

A Sona to reflect troubled times

Ramaphosa and his role model Nelson Mandela became presidents of South Africa in very trying times

President Cyril Ramphosa. (David Harrison)

In his Sona speech, Ramaphosa must tread the line between promises and reality

South Africa has a slew of service-delivery problems, most notably in the water and electricity sectors. The time for promises is over: what the country needs is action

Links: Jabu Mabuza and Eskom said the former chairperson never sat in on discussions about the contracts with Nomvula Mabuza , a distant relative.

Mabuza contract grows by R10m

Eskom’s negotiators in a R100-million maintenance contract came back with a proposal to push up the costs

What’s in a name:
Former Eskom chair Jabu Mabuza claims that he did
not know about his relative Nomvula Mabuza’s company and her bid for a boiler maintenance contract at Eskom.  (Felix Dlangamandla/Foto24/Gallo Images)

Mabuza’s ‘distant relative’ scored big

Eskom’s woes are often because of boiler problems at its power plants. R50-billion has been set aside to fix them, but some of the contracts are going to questionable entities

Treasury’s director general, Dondo Mogajane.

We are worried about load-shedding — Mogajane

Treasury director general says the power utility needs to be fixed urgently

Dual: Public Enterprises Minister Pravin Gordhan (left) appointed Eskom chairperson Jabu Mabuza (centre) as interim chief executive, but two unions have objected to this. (Delwyn Verasamy/M&G)

Sparks fly as labour takes on Eskom

Trade unions disagree with key policy decisions, and won’t budge even as the state-owned power utility’s dire finances threaten the economy

Eskom’s worst case scenario forecasts almost daily load-shedding during the summer. (Waldo Swiegers/Bloomberg/Getty Images)

Is South Africa spiralling into the ambit of the IMF?

Eskom has the whole economy in a death spiral

(John McCann/M&G)

Eskom needs ‘fire and thunder’

The appointment of a chief restructuring officer is a positive step, but it is not a silver bullet for the power utility’s debt burden

KwaZulu-Natal residents who are unemployed, financially struggling and hungry have lambasted Eskom’s proposed 36.1% tariff hike. (Dean Hutton/Bloomberg/Getty Images)

Eskom gets a chief restructuring office amid devastating finance results

SAICA CEO Freeman Nomvalo will head up team to help Eksom reorganise its operational and funding structures

Newly appointed acting CEO of Eskom, Jabu Mabuza. (Gallo)

Gordhan appoints Eskom chair, Jabu Mabuza, acting chief executive

The decision comes a day ahead of Eskom’s financial results announcement, which is expected to reveal record-breaking losses

Phakamani Hadebe had been in the role for a little over a year. (Delwyn Verasamy/M&G)

Hadebe resigns from Eskom citing ill health

Phakamani Hadebe is the latest in a series of leaders for the embattled utility, and will bow out at the end of July

Phakamani Hadebe had been in the role for a little over a year. (Delwyn Verasamy/M&G)

Hadebe tries to allay fears of job losses in internal Eskom memo

"One of the questions that I hear being asked most often, is: ‘Will I still have a job in this turnaround of Eskom?’," the memo from Hadebe read

Medupi power station. (Madelene Cronjé)

Utility vows to complete Medupi and Kusile stations

The power plants have come in over budget and way behind schedule

Coal supply and contracting has been identified as a major risk by Eskom’s government shareholder.

Eskom loses billions on coal contracts

The beleaguered utility has been paying vastly different prices to its various suppliers

$3.05-billion of the loan was dedicated to completing the Medupi coal-fired power station in Limpopo. (Madelene Cronje/M&G)

Eskom’s Medupi and Kusile to cost R36bn to complete, will not be halted — Mabuza

​Construction on the issue-ridden Medupi and Kusile power stations, which began in 2007 and 2008, will go ahead

Former Eskom chief financial officer Anoj Singh. (Oupa Nkosi/M&G)

Singh was undeterred by Huarong loan red flags — Eskom treasurer

Eskom treasurer Andre Pillay told the commission on Friday that Singh was seemingly determined to sign a term sheet in advance of the R25-billion loan

In March, Moody’s downgraded Eskom’s credit ratings from B2 from B1, citing an absence of concrete plans to place its business on a sound financial footing.(Madelene Cronje/M&G)

Zondo commission: Eskom’s Gupta contracts under the spotlight

General manager for Eskom’s primary energy division Dan Mashigo will take the stand on Tuesday