“The days of surprises are over,” Eskom Holdings Chief Executive Officer Phakamani Hadebe said in an interview Tuesday. “We just have to speed up the process of turning things around.’’Hadebe said a “breakdown in corporate governance’’ and the financial viability of the business were the biggest challenges when he was appointed after President Cyril Ramaphosa took over leadership of the country.
The utility, which provides 95% of the country's electricity, announced earlier this month a plan to minimise power cuts after an assessment with a technical review team identified the root causes of unplanned breakdowns. The new Medupi and Kusile plants have ballooned to more than R300bn, and the discovery of defects will add further to their cost. Still, Hadebe said there are encouraging signs for the next boilers to come online.
Revenue will continue to drop by 1 percentage point a year, which is about R2bn, he said. Eskom can make a difference by reducing costs, primarily through procurement and coal purchases, Hadebe said.When Hadebe worked at Treasury until 2008, one of his responsibilities was to look at the financial oversight of state-owned companies including Eskom. The utility’s debt has since increased more than 11-fold to R450bn, he said.
Fin24 Mxm liars, liars
Fin24 Just words...ACTIONS speak louder than words, cnut!!
Fin24 Wooo shem 😏
Fin24 Talk kak
Fin24 This blackanesse guy is beginning to piss me off
Fin24 Until after May 8th when the story changes to 'We are facing unexpected challenges'
Fin24 Well that’s a surprise right there
Fin24 Good who do I see about my 22k appliances!!
Fin24 What a useless cadre
Fin24 Rubbish
Fin24 Sounds like ASSKOM is Back on the Bullshit.
Fin24 NUMSA saboteurs: Hold my beer...
Fin24 Until next month
Fin24
Fin24 He reminds me of that gremlin, mogwai, hope he does not get wet and eat during loadshedding.
Fin24 This picture paints a very different message to the one that has been told to us.
Fin24 I don't trust ET at all!!!!
Fin24 A step in the rigt direction or MYANC misdirection , before elections ⁉️
Fin24 Only for now, next week they'll will blame it on some hurricane
Fin24 Lets hope it will be the case really. If they can defeat the Loadshedding demon, they shall have served us with holy 2019.
Fin24 CyrilRamaphosa must be shocked...
Fin24 Believe when we see it.
Fin24 And we must believe this now! We'll see about that
Fin24 Seeruss?
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Source: BDliveSA - 🏆 12. / 63 Read more »
Source: BDliveSA - 🏆 12. / 63 Read more »