Browsing: Jabu Mabuza

News
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

News
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

News
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

News
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

News
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

News
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

News
Telkom’s Jabu Mabuza to chair Eskom board

South Africa appointed a new board at struggling utility Eskom, with Jabu Mabuza becoming chairman, and ordered a new permanent CEO to be named within three months. As well as the appointment of Telkom chairman Mabuza

News
Telkom shares plummet on government sale plans

Investors in Telkom gave its shares a dressing down on Tuesday in the wake of continued plans by the government to sell part of its shares in the fixed-line group to fund the bail out of cash-strapped South African

1 2 3 4 6