{"id":480809,"date":"2021-04-05T17:52:44","date_gmt":"2021-04-05T15:52:44","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=480809"},"modified":"2021-04-05T17:52:44","modified_gmt":"2021-04-05T15:52:44","slug":"eskom-taking-contingency-steps-after-r7-billion-oracle-dispute","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/480809\/eskom-taking-contingency-steps-after-r7-billion-oracle-dispute\/","title":{"rendered":"Eskom taking contingency steps after R7 billion Oracle dispute"},"content":{"rendered":"<p>Eskom Holdings SOC Ltd has taken steps to protect its operations from disruptions after a contractual dispute with Oracle Corp\u2019s South African unit put its technical support services at risk.<\/p>\n<p>The state power utility confirmed on Monday that it\u2019s involved in the disagreement in which Oracle initially claimed Eskom underpaid it by about R7.3 billion ($500 million).<\/p>\n<p>While the amount was later reduced between the parties, Oracle rejected Eskom\u2019s settlement offer of R166 million and threatened to terminate its services, the power utility said in an emailed statement.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Eskom?src=hash&amp;ref_src=twsrc%5Etfw\">#Eskom<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/MediaStatement?src=hash&amp;ref_src=twsrc%5Etfw\">#MediaStatement<\/a><\/p>\n<p>Eskom has put in contingency measures to reduce the related risk of its reliance on Oracle Corporation following contractual dispute <a href=\"https:\/\/t.co\/BeuvxodZhB\">pic.twitter.com\/BeuvxodZhB<\/a><\/p>\n<p>\u2014 Eskom Hld SOC Ltd (@Eskom_SA) <a href=\"https:\/\/twitter.com\/Eskom_SA\/status\/1379048910174425088?ref_src=twsrc%5Etfw\">April 5, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Eskom has \u201cassessed the risks in the event of Oracle withdrawing\u201d its services and put interim processes in place \u201cto reduce the risks of its operations being disrupted,\u201d it said.<\/p>\n<p>Eskom approached a South African court to compel Oracle to continue its technical support services until April 2022 but its application was dismissed last week, it said. It intends to seek leave to appeal.<\/p>\n<p>Debt-laden Eskom is already under pressure from creditors and has struggled for years to provide reliable power, leading to disruptions that ripple through Africa\u2019s most industrialized economy.<\/p>\n<hr \/>\n<p>Read:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eskom Holdings SOC Ltd has taken steps to protect its operations from disruptions after a contractual dispute with Oracle Corp\u2019s South African unit put its technical support services at risk.<\/p>\n","protected":false},"author":59,"featured_media":466991,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[1164,26,1250],"class_list":["post-480809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-eskom","tag-headline","tag-oracle"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/480809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=480809"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/480809\/revisions"}],"predecessor-version":[{"id":480815,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/480809\/revisions\/480815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/466991"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=480809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=480809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=480809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}