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Call for Eskom to go business rescue route | IOL Business ReportAnchor Capital investment officer says controlled default of the utility's debts is an appropriate tool for restructure.
Source: IOL - 🏆 46. / 51 Read more »
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.
Source: IOL - 🏆 46. / 51 Read more »
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.
Source: IOL - 🏆 46. / 51 Read more »
Eskom wants a 15% tariff increase | IOL Business ReportThe energy supplier has asked the National Energy Regulator of South Africa (Nersa) for a 15% tariff increase per year for a 3-year period. And I want a 15% salary increase ..... This is insane !! Guarantee no more power failures, and we could negotiate something.
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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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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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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 »
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 !!
Source: IOL - 🏆 46. / 51 Read more »
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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Eskom issues retrenchment notice | IOL Business ReportEskom said despite efforts to curb expenditure, its operating costs had continued to increase dramatically while output remained largely unchanged. rmss5555 At last ....... pietmeis1234 😅😅😅😅💪💪💪 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.
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