Posts tagged as Finances

Eskom’s results: Revenue flat, costs up, massive loss – how will the lights stay on?

Eskom’s recently released annual financial results reveal that this state-owned power utility is losing money hand-over-fist and is trying to get the public to finance it. Its published income statement document reports that in the year ended 31 March 2018 Eskom’s operating company (i.e. the company which generates and sells electricity, as opposed to the […]

Ten key takeaways from Eskom’s 2017/18 interim financial results

A refreshing honesty and frankness in dealing with the critical issues facing the utility was revealed by new Eskom chairman Jabu Mabuza and acting CEO Phakamani Hadebe at the long awaited and delayed Eskom interim financial results presentation for the six-month period ending 30 September 2017. New Eskom chairman, Jabu Mabuza Eskom’s interim financials revealed […]

Transnet’s CFO to tackle Eskom’s financial woes

  Transnet and Eskom have agreed to second Anoj Singh, Transnet’s group chief financial officer (CFO), as acting CFO to Eskom for a period of six months effective from 1 August 2015. Singh will be responsible for driving all aspects of the company’s finance strategy, including the R250-billion funding plan. At Eskom, he will be […]