Government needs to do the same! Way too many overpaid and under worked resources there too. In the short term its bad, but long ter, more capital investment will then be possible and that makes the country more investor friendly, which creates real jobs!
Eskom is not an employment creator. It is a business that has to turn a profit and it has a bloated and inefficient workforce. Retrenchments are sad no doubt, but the taxpayer cannot be expected to fit the bill for a hugely inefficient business. SAA next. Watch..
Yesterday it's was SABC now today it's Eskom? What's happening in South Africa now?
It is a very frustrating & depressing document to receive (I had mine in 2012 April) I don’t wish even my biggest enemy to get 1.MaAfrika never let that notice to derail your dreams.
SABPP1 Bad for the people being retrenched but good for Eskom. I read in the newspaper that they have even given retrenchment notices to executive staff.
pietmeis1234 😅😅😅😅💪💪💪
rmss5555 At last .......
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Municipal debt owed to Eskom is at a staggering R17bn | IOL Business ReportThe debt owed to Eskom by South Africa's municipalities continues to grow and had now reached R17 billion, according to Cooperative Governance Minister Zweli Mkhize. busrep busrep How many are MYANC run municipalities? busrep .PresidencyZA CyrilRamaphosa ...time you started showing some leadership! Put National Govt between Eskom and non-paying Municipalities. Eskom sells electricity to NatGov, and NatGov sells to those Municipalities. If they don't/can't pay, NatGov puts them under Administration. busrep Don't the Eskom Execs earn salaries above the norm, they should consider they're doing a lousy job. Perhaps some should move on to greener pastures and make space for those who want to do a great job.
Source: IOL - 🏆 46. / 51 Read more »
Another Eskom executive put on ice | IOL Business ReportEskom has suspended their Executive for the Group Capital Division Abram Masango pending an investigation into allegations of impropriety.
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Eskom pressured Glencore to sell mine | IOL Business ReportDetails from the explosive forensic report into Eskom has reveal the pivotal role played by erstwhile acting Transnet chief executive Matshela Koko.
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Tariff hike will prop up Eskom – Moody's VP | IOL Business ReportEskom's tariff increase application before the Nersa, if approved, will free the power utility from the financial quicksand the power utility is in.
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Eskom warns its debt could reach R550bn | IOL Business ReportEskom's financial situation will remain dire for the next few years with a risk its debt burden would grow from R400 billion to some R550bn. Is Tegeta taken to court over non compliance chrisyelland Retrench all top. SNR , exec, management that has been has been there forever..... Employee fresh new young talented management that will make a difference. R550bn. Is ridiculous.
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Eskom releases financial results, profit declines by 89% | IOL Business ReportSouth Africa's power utility, Eskom, today released their interim for the first six months of the 2018/19 financial year. busrep chrisyelland how much of Eskom_SA profit decline is due to poor management, corruption, inflated costs, (cont) busrep How much of that is due to golden handshakes and bonuses for execs? busrep Extremely hard to believe this !!
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Eskom appoints Calib Cassim as permanent CFO | IOL Business ReportPower utility Eskom has confirmed Calib Cassim as permanent chief financial officer (CFO) after acting in the role for 16 months. Where is the black people to lead eskom
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Eskom close to collapse after profits plummet | IOL Business ReportThe utility said it was struggling with defaulting customers and municipalities which impacted its operational costs.
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Treasury backs Eskom 'emergency loan' | IOL Business ReportApproval for the 'emergency procurement' of diesel to power the utilities' expensive open-cycle gas turbines. busrep kante, didnt Eskom get a loan from the Chinese s'nini'nini? 🤔😳 or am i confusing Eskom with another SOE tumisole AdvBarryRoux busrep Why does Eskom use expensive diesel? Are you telling me there is no other invention on earth that is cheaper? Seems like an organisation that knows nothing about electricity. busrep Eskom is by no means a 'small' company BUT it sure seems like it is being run by Micky Mouse !! WhyDoWePutUpWithThisGiantLevelOfIncompetence
Source: IOL - 🏆 46. / 51 Read more »
Eskom, what’s the plan? | IOL Business ReportANALYSIS: We are concerned that Eskom suppliers could cut payment terms which would exacerbate the cash burn rate … writes Peter Attard Montalto. Privatize
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