Andre de Ruyter started his duties as Chief Executive Officer of Eskom six days earlier by visiting each of the power plants individually to familiarize himself with the circumstances of each of them. The new Eskom boss has an enormous task upon his hands, with the first task assigned to him, to unbundle Eskom into..
Continue reading…
New Eskom CEO faces huge challenges, first task is to unbundle the state entity
Posted on Leave a comment
Medupi and Kusile power stations are still “off the grid” due to poor construction work, corruption and cost overruns
Posted on Leave a comment
More than 600 senior officials from Eskom and some executives were informed of the entity’s “turnaround” plan. According to documentation, Eskom is sitting without cash and has almost completely collapsed on several occasions. R130bn has been loaned to the power provider and the state is expected to help as government announces increased tariffs. Eskom unbundling..
Continue reading…
Trade unions are going to “support” the unbundling of Eskom in fear of job losses
Posted on Leave a comment
According to Gwede Mantashe, trade unions currently opposing the unbundling of Eskom will eventually have to change their position and support the move. According to him, everyone in the country has a duty to save the economy and also the country. Trade unions fear that job losses will occur if the entity is unbundled into..
Continue reading…