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Eskom's Results Shed Light on Its Financial Woes

Africa's largest power utility Eskom's interim results up until September 2018 have been released. Things are not looking too bright as the utility posted an 89% drop in nett income.

South Africa: Eskom to Overcome Challenges By 2023

SAnews.gov.za, 29 November 2018

Eskom has secured 73% of its funding requirements for 2018/19, while it faces several operational and financial challenges. Read more »

Photo: warrenski

Eskom Generation's pilot wind-farm facility at Klipheuwel in the Western Cape, South Africa.

South Africa: Eskom's Operational and Financial Position Remains Under Pressure

Eskom, 29 November 2018

While progress has been achieved in laying the building blocks for a sustainable turnaround of Eskom, the company's operational and financial performance continued to deteriorate… Read more »

Video

Eskom Releases Interim Results

Author:

South African Broadcasting Corporation

Publisher:

South African Broadcasting Corporation

Publication Date:

28 November 2018

Eskom has announced an 89% percent plunge in net profit for the year ending 30 September 2018. The power utility released its interim results in ... see more »

South Africa: Parliamentary State Capture Inquiry - When MPs Act Like Public Representatives in the Interest of South Africa

Daily Maverick, 29 November 2018

It would be easy to ignore the report of Parliament's public enterprises committee inquiry into State Capture at Eskom, given the testimony bombs dropping at the Zondo Commission.… Read more »
South Africa: State Capture Report Sends 'Grossly Negligent' Gigaba and Brown to Zondo, Wants Criminal Investigations

Daily Maverick, 28 November 2018

As Eskom released its interim integrated results in Johannesburg on Wednesday, Parliament's public enterprises committee unanimously adopted its hard-hitting State Capture inquiry… Read more »
South Africa: Eskom Briefs Parliament On Turnaround Strategy

SAnews.gov.za, 22 November 2018

National power utility Eskom has tabled phase one of a strategic review that will deliver a turnaround blueprint that will include a short-term improvement plan, Parliament heard… Read more »
South Africa: Numsa's Irvin Jim - IPP's Will Cripple Eskom, Destroy Almost 100 000 Jobs

News24Wire, 18 November 2018

The National Union of Metalworkers of South Africa (Numsa) says the "disastrous" Independent Power Producers (IPP) programme to be implemented by power utility Eskom could cost the… Read more »
South Africa: Eskom Approves Retrenchment Process for Executives

SAnews.gov.za, 8 November 2018

Eskom's Board of Directors has decided to review the company's organisational design to enhance operational and cost efficiencies. Read more »

InFocus

Bombshell Report Exposes Rot at South Africa's Eskom, Transnet

A report from the National Treasury has exposed the level of corruption at power utility Eskom and Transnet, as well as the influence former home affairs minister Malusi Giga had ... Read more »
- South Africa: Former Minister Named in Bombshell Treasury Report on Rot at State Entities
Finally, Unions and Eskom Reach Wage Deal

After many months of negotiations between South African energy giant Eskom and labour union Numsa, an agreement has been reached for a three-year tiered increase system for ... Read more »
- South Africa: NUM Signed a Three-Year Wage Agreement With Eskom
Eskom Turns to Original Energy Source - The Sun

A new solar energy plant in the Free State Province will provide much needed electricity to the residents of Wilhemina, a municipality where this commodity was not provided before. Read more »
- South Africa: Eskom Will Launch It's Pilot Solar-Powered Micro-Grid Project In Free State
- South Africa: Fitch Affirms Eskom Credit Rating

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