Eskom’s newly appointed group CEO Phakamani Hadebe put on a brave face when he announced that the group showed a R2.3-billion net loss and received a qualified audit opinion for the year ended 31 March 2018.
Browsing: Eskom
Altron has taken another big step in shedding its legacy industrial assets as the JSE-listed technology group transforms into an ICT-focused business.
View the latest contribution from TechCentral cartoonist Jerm.
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