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South Africa: Energy Giant Eskom Posts U.S.$170 Million Loss
News24Wire, 23 July 2018
Eskom suffered a net loss of R2.3bn in 2018, compared with a R0.9bn profit the previous year, the state-owned power producer revealed at its financial results presentation on… Read more »
Eskom So Deep In Debt, It Can't Pay Staff Bonuses
South African energy giant Eskom may face a new crisis after its announcement to labour unions that it will not be paying staff bonuses. The National Union of Mineworkers has said in a statement that it was "deeply worried and concerned" that Eskom verbally informed trade unions without any presentation, that it made a loss of R2.3 billion.
InFocus
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South Africa's National Union of Mineworkers has slammed Eskom after the power utility said it would revert to a previous proposal of 4.7% if their proposed three-year salary ... Read more »
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Power utility Eskom initially told unions that there would be a 0% increase for their members. Power outages were then felt across the country as workers threatened to down tools ... Read more »
