Eskom has asked all its senior managers to cancel their festive leave as the utility works around the clock to keep the lights on this Christmas. According to the utility it needs all hands on deck to try and reduce the current load shedding to a...
In an effort to shore up its balance sheet, Eskom is looking to government to absorb R100 billion of its debt Chairman Jabu Mabuza told the Business Day newspaper. The plan, which forms part of the utility’s turnaround strategy, would add 2% to...
Power utility Eskom has finalised a settlement agreement that will see McKinsey pay back the R1 billion paid to it by the utility under the Turnaround Programme. Eskom board Chairman Jabu Mabuza, says this is a significant milestone for the Board...
Newly appointed Eskom interim Group Chief Executive (GCE) Phakamani Hadebe is confident that the utility can turn the corner despite current challenges. Briefing reporters at the interim results announcement on Tuesday, Hadebe said while challenges...
Eskom has wasted no time in displaying its high hopes for its new board by announcing plans to ask banks to reopen lending facilities which were suspended last year. The move according to Eskom spokesperson Khulu Phasiwe is part of the utility’s...
Deputy President Cyril Ramaphosa has appointed a new board at Eskom and named Jabu Mabuza as its chairman in an effort to strengthen governance and management at the parastatal, the presidency said on Saturday. According to the presidency the...
