Eskom plans to spend at least R170-billion in a bid to maintain and restore the coal fleet. Will this solve the energy crisis or are we just throwing good money after bad?
How a toxic mix of politics and optimism led us into the current energy crisis, and why we risk repeating a disastrous history.
How did Eskom hit energy bankruptcy? To quote Hemingway: “Gradually, then suddenly.” We explain how a toxic combination of politics and blind optimism led us into an energy crisis. Now we must face the fact that Eskom’s coal fleet is failing.
A study from a coalition of 86 major corporations — including Eskom, Sasol and Shell — shows we need very little natural gas to achieve energy security. So why is government and business pushing a plan that would see us spend R628-billion — and perhaps up to R1-trillion — on gas?
As fuel prices soar, an ageing Eskom power station in Mpumalanga is the hub of one sophisticated fuel theft operation siphoning off millions of rands worth — with help from corrupt officials, trucking companies and police.
Shell’s seismic survey may have been halted but energy minister Gwede Mantashe is pursuing an ambitious vision to reshape our energy future, powered by gas.
A small slip-up in the extensive redaction of documentation around potential 20-year contracts with the controversial Turkish Karpowership group has seemingly revealed that South Africa will pay far more than advertised.
Government’s strategy to address the country’s energy crisis — through its 20-year, multi-billion rand tender, has come under the microscope since energy minister Gwede Mantashe’s initial call for proposals in mid-2020. Allegations, as exposed by AmaBhungane, bring into question the true intent of those involved in the process. To know more about those allegations, dig into our archive of work on this controversial tender.
The powership conglomerate earns an astonishing amount from its specialist offering to frail and broken states. But many of its deals around the world have been criticised as exploitative and irrational. South Africa may become the biggest prize of all. And we have already helped fund the growth of this corporate empire.
The South African contract Karpowership is chasing could be a game-changer for the group, making Eskom its largest client globally. What will we pay and how much will the Turkish conglomerate pocket? Dewald van Rensburg does the sums.
The R225-billion powerships deal may finally be sunk by the environment department’s refusal to authorise the Turkish-led consortium’s projects. It failed to deliver adequate environmental reports or listen to warnings from specialists, the department said.
The Turkish company that won a controversial bid to plug the hole in Eskom’s electricity supply has been dogged by corruption accusations abroad.
Last month, gas-to-power entrepreneur Aldworth Mbalati made explosive allegations of corruption in a court application. Now, two senior officials from the minerals and energy department have confirmed under oath that they met Mbalati and two alleged associates of Gwede Mantashe at an upmarket restaurant where they discussed a tender worth billions. But while Mbalati says he was pressured to engage in a corrupt scheme, the officials say they assured Mbalati that the tender would be clean.
The rules of government’s emergency power programme were questionable from the beginning. Then a series of dramatic changes and inexplicable decisions steered the multi-billion-rand tender towards a “predetermined” end.
Hundreds of pages of “briefing notes” reveal that frustrated renewable bidders warned government that nonsensical rules of the emergency power programme would force bidders to burn fossil fuels and result in consumers paying more than they need to for electricity.
Eskom and the SIU have put together the biggest claim yet to recover moneys looted during the state capture era.
Last year a confidential investigation delivered a damning assessment of PwC’s consulting work at Eskom, describing the fee structure as “patently unlawful and stupendously egregious”. Now Eskom has issued PwC with a R95-million letter of demand. It wants the firm to pay back fees for a consulting deal that bore all the signs of state capture.
A member of the Big Four backs down in its court battle with Eskom over “ill-gotten” consulting fees, and agrees to R150-million settlement.
In Part 1 we explained how Deloitte received R207-million worth of consulting work from Eskom through a process that chairman Jabu Mabuza described as difficult to conceive of anything “less fair, equitable, transparent or competitive”. That senior Eskom employees bent and broke the rules for Deloitte now seems obvious. The only question is why?
Deloitte, one of the “Big Four” accounting multinationals, took exception when South Africa’s electricity utility accused it of “pure corruption” and demanded repayment of R207-million in consulting fees from the state capture era. It proclaimed its innocence and said Eskom had tried to bully it into a settlement. Now a deep dive by amaBhungane suggests it is Deloitte’s competitors and the taxpayers who should feel aggrieved.