South Africa’s New President and Labor Unions at Loggerheads

Eskom is critical to South Africa. It supplies more than 90 percent of the country's power, has 220 billion rand ($17 billion) of state-guaranteed debt and is often cited as a threat to South Africa's credit ratings, which are near junk status.

South Africa’s New President and Labor Unions at Loggerheads

By Alexander Winning | Reuters | Thu Jul 12, 2018 JOHANNESBURG (Reuters) – A month after Cyril Ramaphosa took the helm of South Africa’s ruling African National Congress (ANC) in December, he called an urgent meeting with then-President Jacob Zuma and senior ministers to save state power firm Eskom. Ramaphosa understood sweeping changes were needed […]

Blackout Threat Rises With Worker Protests in South Africa

Eskom has seven days to respond to the unions’ demands, National Union of Mineworkers spokesman Livhuwani Mammburu said by phone.

Blackout Threat Rises With Worker Protests in South Africa

By Odwa Mjoand & Robert Bran, Bloomberg South Africa’s state-owned power utility Eskom Holdings SOC Ltd. said it will start rolling blackouts for the first time since 2015 as protesting workers blockade plant entrances and disrupt distribution networks. “Acts of intimidation and sabotage have resulted in Eskom being unable to ensure uninterrupted power supply,” Khulu […]