German enterprise software giant SAP admitted on Thursday that it had made payments to Gupta-linked companies and uncovered irregularities in the “management of third parties” and adherence to its compliance
Browsing: Eskom
Eskom is reviewing its business, including staff numbers and possible asset sales, to find a way out of massive debt and develop a more sustainable model, according to its chairman. The state-owned utility will hold
Eskom bought itself some financial breathing room after signing a R20bn short-term credit facility with a group of banks. The power utility needed the liquidity to see it through to the financial year that starts
Eskom’s new board of directors and executive team should embrace the electric car as one long-term solution to the challenge of falling demand that is the most fundamental obstacle the state utility grapples with as it struggles
Jabu Mabuza announced Eskom’s September 2017 interim results with self-assurance and style. Looking natty in a pink jacket, pale blue…
Soon after it began in 2011, South Africa’s renewable power programme became the world’s fastest-growing. Almost US$15bn poured into clean energy in seven years, financing everything from wind farms to solar towers. New
The new leaders of Eskom vowed on Tuesday to resolve governance problems as they outlined “significant” financial difficulties at the at the state-owned power utility. Lenders who had stopped taking Eskom’s calls because of
In a damning judgment, a full bench of the high court, headed by judge Elias Matojane, has ruled against Brian Molefe, Eskom and the minister of public enterprises in a case brought by the Economic Freedom Fighters, the
Eskom is wasting no time approaching potential lenders in the hope that Saturday’s board overhaul was enough to ease concerns about governance at the struggling utility. The company will ask banks for funding commitments to
The clock is ticking on President Jacob Zuma’s scandal-ridden administration as his deputy, Cyril Ramaphosa, flexes his political muscles and shows he’s increasingly wielding state power to stamp out corruption and revive the