Posts tagged as results

Eskom is unsustainable in its present form

Eskom’s road to sustainability will be long, hard and painful. The power utility is facing severe challenges financially and operationally. The risk of load shedding in the coming months remains fairly high; the cost of keeping the lights on will further impact financial performance; and tough decisions are necessary to achieve full recovery. That’s the […]

ABB releases results

  ABB Southern Africa MD Leon Viljoen said the power and automation company has continued to show growth over the past year in its base business despite a subdued local and global economic environment. Revenue, however, was down from R5,9-billion in 2013 to R4,9-billion last year. Speaking at the company’s annual results briefing, Viljoen said […]

Group to announce new global strategy

  Ulrich Spiesshofer, ABB’s CEO, says that the group has a new strategy which it will reveal at its Capital Markets Day (CMD) event in London on 9 September 2014. Speaking at a media dinner on the evening before this event, Spiesshofer, who took office 12 months ago, says that the company offers power automation for utilities, […]

Video: Minister tells Eskom to “do something extraordinary”

  Speaking at the utility’s integrated results announcement meeting on 11 July 2014, Lynne Brown, the minister of public enterprises said that the utility needs to improve its performance by thinking outside the box and doing something extraordinary. Eskom has reported a net profit of R7,1-billion for the year ended 31 March 2014 (which includes profit on […]

Survey shows new engineering profile in SA

  The National Engineering Skills Survey was launched to determine the availability of engineering skills in South Africa and to improve national engineering skills planning. The survey, which was initiated by the Engineering Council of South Africa (ECSA) and supported by the Department of Higher Education and Training (DHET) and the Economic Development Department (EDD), […]