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Browsing: Eskom
Eskom no longer conjures a picture of an organisation to be proud of but rather a dilapidated, hollowed out shell with perpetual problems.
Irregular spending at Eskom has swelled to R19.6-billion as South Africa’s state-owned power utility comes under pressure to restore its credibility and improve its finances.
Former Telkom Group chief information officer Len de Villiers has joined the JSE as acting CIO with immediate effect. He has also been appointed as advisor on IT to Eskom CEO Phakamani Hadebe. De Villiers will work two
Eskom published a JSE stock exchange announcement earlier this week warning its bondholders that there may be more bad news relating to irregularities when it releases its financial results for the year ended
McKinsey & Co has apologised to South Africa again over how business was handled with state-owned Eskom, saying it overcharged the utility and was slow to admit wrongdoing. The consulting firm admitted
Eskom utility is considering asking for extensions on some debt and staff layoffs as it grapples with its finances after years of burning through funds, according to people familiar with the matter. The company
If trade unions accept Eskom’s latest wage offer, workers in the Eskom bargaining unit will receive above-inflation wage increases for the next three years. According to Solidarity deputy general secretary for energy
South Africa’s cash-strapped power utility is “a threat” to the nation’s investment strategy, finance minister Nhlanhla Nene said on Thursday. The government plans to offer incentives to lure $100-billion
Eskom said that although the probability of load shedding on Monday is low, it could still implement it if the demand for electricity increases in the evening. “There is a low probability of rotational load shedding during