News Formal

Eskom tender crushes company

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 27 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 67%

Eskom 뉴스

Headline,Kusile,Stefanutti Stocks

Stefanutti Stocks is in financial distress, which is partly to blame on an Eskom tender to work on the Kusile power plant.

The details of the ill-fated tender were contained in Stefanutti Stocks’ results for the year ending 29 February 2024.

The company highlighted that its financial difficulty in the past few years stemmed from a 2008 Eskom tender. However, there were consistent delays in completing the Kusile project due to site access and construction problems. Due to the delays, the company incurred significant prolongation costs and approached the DAB to assess Eskom’s claims.

It is under significant debt pressure, with its total liabilities exceeding its total assets for the first time in 2022, deeming the group technically insolvent.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 11. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stefanutti Stocks doubles operating profits, eyes Kusile closureStefanutti Stocks doubles operating profits, eyes Kusile closure
출처: News24 - 🏆 4. / 80 더 많은 것을 읽으십시오 »

Stefanutti Stocks’ R1.6bn claim against Eskom expected to be resolved in Q3The group is also involved in a dispute with Eskom related to another Kusile Power Station project, Package 28.
출처: TheCitizen_News - 🏆 6. / 75 더 많은 것을 읽으십시오 »

Stefanutti Stocks expects final decision on R1.6bn Eskom claim in Q3Claim relates to building contract at Kusile Power Station.
출처: Moneyweb - 🏆 5. / 77 더 많은 것을 읽으십시오 »