South African energy minister has Covid-19 amid power crisis

Paul Burkhardt|Published

South African Mineral Resources and Energy Minister Gwede Mantashe tested positive for Covid-19 as the nation struggles to end a new round of power cuts.

Eskom widens its funding search to sukuk market

Paul Burkhardt|Published

Eskom has appointed a lead arranger “to work towards establishing timelines for the issue”, spokesperson Sikonathi Mantshantsha said on Monday.

A buyer’s guide to Sasol’s $5bn asset sale process

Paul Burkhardt|Published

Sasol Ltd. has accelerated an asset disposal program that could eliminate more than half of the company?s debt.

SA begins new nuclear plan with information request

Paul Burkhardt|Published

South Africa?s Department of Mineral Resources and Energy took another step toward building a new nuclear-power program.

PwC accused of taking credit for Eskom's work

Paul Burkhardt|Published

Eskom has demanded that consultancy PwC repay it R95m, alleging the money was disbursed under an invalid contract. PwC denied the allegation.

Sasol slumps as lower oil prices, virus crimp full-year profit

Paul Burkhardt|Published

Sasol Ltd. shares fell the most in almost three weeks after the South African chemicals and fuel manufacturer forecast full-year profit will decline.

Virus leaves South Africa’s green energy plans in disarray

Paul Burkhardt|Published

Independent energy producers were finally making headway in their bid to persuade government to revive long-stalled plans to buy more renewable power.

Sasol jumps after locking in fuel prices

Paul Burkhardt|Published

Sasol Ltd. has started a hedging program as it looks to tackle plummeting prices and a crash in demand for its oil products and chemicals.

South Africa loosens pollution limits even as virus sets in

Paul Burkhardt|Published

South Africa has doubled emission limits for sulfur dioxide pollution that will come into effect April 1.

Sasol prepares South Africa’s biggest rights issue in decades

Paul Burkhardt|Published

Sasol Ltd. is preparing for South Africa?s biggest rights issue in two decades.

Embattled Eskom offering voluntary exit deals to managers

Paul Burkhardt|Published

South Africa?s debt-stricken power utility Eskom Holdings SOC Ltd. has begun a process to offer managers voluntary severance packages. The power utility has budgeted ...

Eskom CEO has a power strategy but load shedding continues

Paul Burkhardt|Published

Eskom Holdings which generates about 95% of the nation?s power, warned on Thursday there?s been a delay to bringing some plants back online.

WATCH: Coal demand holds steady from Africa’s biggest export terminal

Paul Burkhardt|Published

While the fight against climate change ramps up, Africa?s biggest export terminal for the dirtiest fossil fuel is demonstrating that demand from developing nations ...

Electricity shortages cost South Africa R118bn last year

Paul Burkhardt|Published

Power shortages cost SA as much as R 118 billion ($8 billion) last year, a drain on the economy that?s set to continue for two to three years,

WATCH: Eskom left in limbo as South Africa stalls CEO appointment

Paul Burkhardt|Published

The South African government has repeatedly stalled the appointment of a new chief executive officer at the debt-stricken state power utility.

Africa enjoys oil boom as drilling spreads across the continent

Paul Burkhardt|Published

Africa is finally seeing the benefits from the recovery in crude prices as companies ramp up drilling from Algeria to Namibia.

SA to appeal ruling on black ownership of mines

Paul Burkhardt|Published

SA has sought leave to appeal a court judgment over a crucial black-ownership principle in the country?s Mining Charter, the nation?s mining lobby said.

Sasol drops R13 billion share plan for black-investor debt

Paul Burkhardt|Published

Sasol has abandoned a plan to sell about R13 billion of shares to meet its obligation to repay debt owed by a black investor group.

South Africa sees no hurry for new coal, gas power projects

Paul Burkhardt|Published

South African programs to add coal and gas power generation from independent providers should wait until policies are updated and the nation?s future needs are clearer. ...

Gupta's Tegeta settles Eskom penalty for R2bn

Paul Burkhardt|Published

Tegeta Exploration & Resources, part-owned by the Gupta family, reaches a settlement over a fine levied on its Optimum coal mine by Eskom.

Sasol's $11bn project on track for 2018

Paul Burkhardt|Published

Sasol, the world’s biggest producer of liquid fuels from coal, says the first units at its Lake Charles chemical project will start operating in 2018.

Job cuts mooted at Evander

Paul Burkhardt|Published

Pan African Resources is considering job cuts at its Evander gold mine that would affect about 80 percent of employees at the operation.

Abandoned mine caused ‘catastrophe’

Paul Burkhardt|Published

The closing of the Blyvooruitzicht gold mine in South Africa resulted in a humanitarian “catastrophe”.

Gupta-linked Eskom board member resigns

Paul Burkhardt|Published

Mark Pamensky has stepped down from Eskom’s board less than a week after CEO Brian Molefe’s shock departure.

African oil explorers poised for comeback

Paul Burkhardt|Published

Smaller energy operators are looking to drill wells in Africa - and exploration activity is poised to pick up in Kenya, Tanzania and Mozambique.