Browsing: Jabu Mabuza

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Eskom heads to court to demand higher tariffs

Eskom chairman Jabu Mabuza was almost apologetic on Thursday when he told journalists that the utility is proceeding with a court review of energy regulator Nersa’s decision to grant it a mere 5.23% tariff

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Eskom keeps wage offer at 0%

Eskom has kept its pay offer to workers at 0% in a second round of wage talks as the South African power utility struggles to strengthen its balance sheet. “We still are sitting where we are, at 0%,” company

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Eskom to tackle bloated workforce

After a decade of unprecedented growth in staff numbers, cash-strapped power utility Eskom is finally tackling the controversial issue of its headcount. State-owned Eskom, seen by Goldman Sachs Group as the biggest single

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Eskom looks to slash costs

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

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Eskom promises clean sweep after profit tumbles 34%

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

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Eskom wants lending taps reopened

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

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