The top 10 defaulting municipalities owe Eskom billions, and a parliamentary committee has resolved to find out why they are not paying their debts
Parliament’s oversight committee has heard that the utility’s top leadership is addressing concerns of investors
The former civil servant who turned around the Land Bank has a much bigger job ahead
Although auditors have cautioned the new board on its financial health, the newly appointed board is positive that it can turn things around
Eskom’s new board chairperson Jabu Mabuza, acting CEO Phakamani Hadebe, and acting CFO Calib Cassim releasing the embattled utility’s results.
The utility faces an immediate cash-flow problem and tougher deep-seated challenges
“The board has been given a fresh mandate that they need to move with speed on the issues that Eskom is facing.”
There is a possibility that the World Bank could issue a default letter for its $3.75-billion (R45-billion) loan to the power utility.
The new chair of the Eskom board, Jabu Mabuza has an illustrious history in the South African corporate sector
Eskom has been in a leadership crisis after several board members, including the chairman and chief executive, resigned in 2017.
Gigaba spoke out against a leaked secret memo indicating that Treasury would bailout SAA using Telkom shares.
This stance is in stark contrast to the government’s plans to impose a new blueprint on the parastatal.
It is not up to government to devise a strategy for Telkom and to impose this on the company, says newly appointed Telkom chairperson Jabu Mabuza.
No image available
/ 24 February 2010
South Africa’s tourism ministry has ordered an investigation into allegations that World Cup hotel prices are unreasonably high.