Telkom Group CEO Sipho Maseko has taken a haircut to his remuneration in the 2020 financial year after no short-term incentives were paid to executive directors.
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Eskom board chairman Zola Tsotsi has not been removed, the power utility said on Wednesday. Eskom’s media desk was responding to questions on a report that the four executives, suspended earlier this month, were removed because they initiated an audit of the
A plan is in the making for Eskom’s financial and operational recovery, public enterprises minister Lynne Brown said in Johannesburg on Tuesday. “Yesterday, the Eskom leadership and the leading global expert on the subject walked me through the very latest analysis of the road ahead,” she said. “The expert
Although Eskom turned a R7bn profit according to its results released on Friday, the state-owned entity has warned this will not be sufficient to plug the R225bn revenue shortfall it faces over the next five years. The country, in the meantime, faces continued power constraints as the first unit of new power
Three short years at the helm. This is all it took for outgoing CEO Brian Dames to bring his decades-long career at national power utility Eskom to a close. Dames, who was appointed as CEO in 2010, and his erstwhile finance director Paul O’Flaherty, appointed in 2009, were the men brought