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Eskom COO Sees Another 18 Months Of Regular Loadshedding

SOUTH AFRICA
  • South Africa faces another 18 months of regular power cuts and won’t be able to end them until sufficient generating capacity is added to the electricity grid to meet demand, Eskom Holdings SOC Ltd. Chief Operating Officer Jan Oberholzer said. (BBG)
  • Troubled state-owned oil company, PetroSA, revealed it had made a loss of R1 billion in the financial year 2021/2022 during a parliamentary energy committee meeting.
    • PetroSA Chairperson Nkululeko Poya confirmed that there was an agreement reached between the board and CEO, Pragasen Naidoo, and that agreement did come with costs. Naidoo’s annual salary was in the region of R5.4 million. (News24)

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