ESKOM might struggle with diesel due to Russia-Ukraine tension: Are we using this as an excume for ESKOM troubles

Loading player...
Embattled Eskom will in the near future approach the market for gas to run its diesel-gobbling open-cycle gas turbines (OCGTs).
This was announced on Wednesday at an emergency media briefing, shortly after the utility told the country that it will be subjected to Stage 4 load shedding until 05:00 on Friday (March 11). Thereafter Stage 2 will apply until 05:00 on Monday (March 14).

Eskom has been in a battle to keep the lights on since the start of the week due to “multiple generating unit failures over the past 24 hours”.
At first it anticipated that Stage 2 load shedding, which lowers demand by 2 000 megawatts (MW), would suffice to stabilise the power system if limited to the hours between 21:00 and 05:00 on Monday and Tuesday night.
The situation however deteriorated as more of its poorly maintained coal-fired units tripped.

Constraints.

According to Eskom head of generation Phillip Dukashe the availability of the coal-fired fleet dipped below 60% with more than 20 000 MW out of service.

On Wednesday morning Eskom chief operating officer Jan Oberholzer told journalists that Eskom is using its emergency reserves faster that it is able to replenish them.
“Stage 4 load shedding will therefore give us the space required to replenish the emergency reserves and continue to manage the system safely,” Eskom said in a statement.
The emergency reserves are pump-storage schemes and the OCGTs. Eskom utilised all 20 of its own OCGT units for an extended time on Monday and Tuesday, Oberholzer said.
10 Mar 2022 3AM English South Africa Business News · Investing

Other recent episodes

Paymenow data shows SA workers lose 40% of purchasing power.

A new Paymenow analysis shows South African workers have lost more than 40% of their purchasing power over the past decade—even as headline inflation stayed within target. Rene Richter, Reward & Benefits Lead Advisor at Paymenow, joins Kaya Biz to unpack why wages aren’t keeping up, how transport and utilities…
21 May 2PM 10 min

Oceana H1 Results: Lucky Star Shines as Fishmeal Stumbles

Oceana Group has delivered a resilient set of interim results despite a 6% drop in revenue. Lucky Star and Wild Caught Seafood carried the half‑year, while Fishmeal & Fish Oil struggled under weak catch volumes and global pricing pressure. CFO Zaf Mahomed joins Kaya Biz to break down margins, cash…
21 May 2PM 18 min

Inside Investec’s Strong 2026 SA Performance

Investec SA has delivered a robust full‑year performance in a tough macro environment. CEO Cumesh Moodliar joins Kaya Biz to unpack the 5.2% rise in SA operating profit, strong momentum in specialist banking, wealth inflows, digital transformation, and what the bank expects from the South African economy heading into 2027.
21 May 2PM 13 min

Stats SA Explains April’s Sharp Inflation Rise to 4%

South Africa’s inflation rate surged to 4.0% in April, driven by fuel, transport, and housing pressures. Stats SA’s Patrick Kelly unpacks the numbers, the 1.1% month‑on‑month spike, and what’s behind the dramatic swing in transport inflation. We explore regional differences, goods vs. services inflation, and what this means for households…
20 May 4PM 11 min

4% Inflation and the SARB’s Next Move

With inflation back at 4% and oil‑driven risks rising, the SARB faces a critical decision next week. Economist Sifiso Skenjana unpacks the April CPI print, the credibility of the new 3% target, and whether a rate hike is now on the table. We discuss real interest rates, global financial conditions,…
20 May 4PM 15 min