A consortium of local and international banks has granted Eskom a R15 billion loan facility. The government guaranteed facility will form part of the financing of Eskom’s current capital expenditure programme. The power utility’s Group Chief...
Thava Govender has resigned as Group Executive of Generation for Eskom. Govender, who is set to leave the utility at the end of October, is also Acting Group Executive of Risk and Sustainability. Govender has worked for Eskom for 27 years and...
Eskom was forced to evacuate staff after a major explosion at its Lethabo Power Station, near Viljoensdrif in the Free State, on Wednesday afternoon. The utility confirmed that it is investigating what it called a “major incident” at unit five of...
Johnny Dladla has resigned as Chief Executive Officer of Eskom Rotek Industries. Dladla is set to leave Eskom’s subsidiary at the end of October to pursue private business interests. “His successor will be announced in due course,” said the power...
Eskom this week signed a US$2.5 billion loan agreement with the China Development Bank. The funds will be funnelled into the utility’s build programme with a specific focus on the Kusile Power Station. According to the utility the investment is...
China has committed to invest $14.7 billion in South African as the two countries seek to deepen trade and bilateral relations. According to President Cyril Ramaphosa Chinese president Xi Jinping indicated that China is ready to invest and work...
Eskom board chairperson Jabu Mabuza has revealed that the utility has recorded an irregular expenditure of over R19 billion. The power utility released its preliminary 2017/18 financial results on Monday morning. Among the shocking facts revealed...
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...
Eskom has announced the appointment of Jan Oberholzer as its new Chief Operating Officer. Oberholzer’s appointment comes after the utility’s newly appointed board decided that the size, functional diversity and complexity of Eskom as it stands...
