Eskom is interviewing CEO candidates - and 6 other updates from the utility | Business

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From Eskom's succession plan and progress in its unbundling, here are six updates from the utility. | News24_Business

. But it has also freed up funding for the power utility to maintain its power stations.

"This is the first time in a number of years that we could release capital expenditure for generation, transmission and distribution for the next three years … From an operational perspective, many of those important capital projects can be executed," said Cassim.Cassim said it is important for consumers and municipalities to pay Eskom as accounts in arrears amount to billions of rands. The total arrears from municipalities amount to R57 billion.

In the past year, 300 arrests were made, and 30 people have been identified and gone on trial, according to Cassim."A lack of convictions and setting examples is what is missing to instil confidence not only for Eskom but greater society... Until we get some of the bigger profile cases where those that are charged land up in orange overalls, you almost get a sense that there are no consequences for malfeasance,"he said.

 

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