ELECTRICITY

Eskom Holdings will extend its strategy of trimming top executive positions to include lower ranking managers and finally the general workforce as South Africa’s cash-strapped power utility looks to cut costs, according to a person familiar with the pl…

A debt swap for cash-strapped state power company Eskom would spiral the country into more debt, South Africa’s President Cyril Ramaphosa said on Thursday, adding there was a need to look at other options to shore up the company’s balance sheet. Eskom,…