Eskom’s new CEO is not overly troubled by the prospect of shareholder intrusion in the State-owned electricity utility, saying that a high level of shareholder scrutiny is to be expected given the current crisis at the organisation. The only way to ens…
‘Significantly enhanced shareholder scrutiny’ to be expected, Eskom’s De Ruyter says Read More »
Eskom’s new CEO is not overly troubled by the prospect of shareholder intrusion in the State-owned electricity utility, saying that a high level of shareholder scrutiny is to be expected given the current crisis at the organisation. The only way to ens…
‘Significantly enhanced’ shareholder scrutiny to be expected, Eskom’s De Ruyter says Read More »
State-owned electricity utility Eskom, which is struggling to keep the lights on as a result of high levels of unplanned breakdowns across its coal fleet, could be forced to shut down units at the Kendal power station at the end of January unless ongoi…
Green Scorpions deadline looms for Eskom’s emissions-breaching Kendal power station Read More »
A coordinated plan to fix Eskom’s capital structure will be unveiled in the near future, Deputy Finance Minister David Masondo said on Monday. Addressing a JP Morgan South Africa conference, Masondo reported that the National Treasury, the Department o…
Coordinated plan to fix Eskom’s debt to be unveiled in ‘near future’ Read More »
Business Unity South Africa has urged government to allow Andre de Ruyter the latitude to do the job of Eskom CEO “without interference”, warning that the country “cannot afford to lose another Eskom chief executive due to interference in its operation…
Busa urges government to allow De Ruyter to do Eskom job ‘without interference’ Read More »
Public Enterprises Minister Pravin Gordhan announced on Monday that Andre de Ruyter had been appointed as the new CEO of Eskom and that he would commence duties on January 15, 2020, at a salary below that of the current compensation package. De Ruyter,…
Andre de Ruyter appointed as Eskom CEO from January 15 Read More »
African National Congress (ANC) economic transformation committee head Enoch Godongwana outlined his preference for what he termed a “simple” transfer of R250-billion of Eskom debt to government, rather than pursuing the creation of a special purpose v…
Godongwana calls for ‘simple’ transfer of R250bn of Eskom debt to sovereign Read More »
South Africa’s state power utility Eskom urgently needs a turnaround plan as its capital structure is unsustainable, credit ratings agency Moody’s said on Tuesday in a report which sent the rand lower. "The company’s operational and financial perfo…
Eskom urgently needs turnaround plan – Moody’s Read More »
State-owned electricity producer Eskom’s debt-servicing costs are set to surge to a whopping R84-billion in 2019/20, from a record R69-billion last year, amid a R441-billion-and-rising debt burden, declining sales and increasing costs. At R31-billion, …
Eskom’s debt-servicing costs to surge to R84bn as it warns of another R20bn loss Read More »
Public Enterprises Minister Pravin Gordhan says a draft White Paper outlining government’s approach to the unbundling of State-owned power utility Eskom, as well as how its “unsustainable” debt burden will be managed, is being prepared and should be fi…
Gordhan says draft Eskom unbundling White Paper to be finalised soon Read More »
