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South Africa: Eskom Admits Its Financial Frailty, Blames Poor Leadership
Daily Maverick, 30 January 2018
Releasing Eskom's long-delayed interim results on Tuesday, acting Eskom CEO Phakamani Hadebe admitted that the energy utility's financial position is unsustainable. He blamed poor… Read more »
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South Africa: Eskom Can Turn the Corner, Despite Challenges
SAnews.gov.za, 30 January 2018
While Eskom faces many challenges, newly appointed Eskom interim Group Chief Executive (GCE) Phakamani Hadebe is confident that the power utility can turn the corner. Read more »
South African Energy Utility Blames Leadership for Financial Woes
Acting Eskom CEO Phakamani Hadebe has admitted that the energy parastatal's financial position is unsustainable, blaming poor leadership and saying that government should have intervened at an earlier stage.
InFocus
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A full bench of judges in the Pretoria High Court has ruled against former Eskom head Brian Molefe and set aside his pension agreement, ordering him to repay U.S.$2.5 million. Read more »
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Minister of Public Enterprises Lynn Brown has said that the establishment of the new Eskom board had to be accelerated because the parastatal is in a precarious financial position. Read more »
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The National Energy Regulator of South Africa has granted Eskom a 5.23% tariff hike instead of the 19.9% increase the power utility requested. Read more »
