The company has blamed the stain on its reputation to be the leading cause of this financial decline.
This announcement comes in the wake of Eskom’s R21 billion financial loss for the 2018/19 financial year.
SABC’s further financial decline is not helping either.
Numsa is concerned about potential conflicts of interest due to Jabu Mabuza’s family business interests in boiler maintenance and coal supply to Eskom.
Another massive blow for South Africa’s most vital State Owned Enterprise.
Well, that’s one way to deal with a problem. Natasha Mazzone reckons the public enterprises crisis can be solved… by binning it all off.
Got some money that needs wasting? Why not give one of our loss-making SOEs a call – it turns out, they’re dab-hands at burning through the cash.
Pravin Gordhan made the announcement at the SONA Debate.
Denel conceded to the fact that they could not meet their financial obligations for June.
Will Finance Minister Tito Mboweni give the broadcaster another handout?
The final decision, after the matter has been handled in Parliament, rests with President Cyril Ramaphosa.
This financial support, according to Mboweni, will only be granted and maintained under strict conditions.
Another bill that we, taxpayers, will most likely have to sign for.
A last roll of the dice for SAA? Their Chief Executive has unveiled plans to break the airline into three separate departments. We’ve got the details.
A bleak future for our state parastatals.
President Cyril Ramaphosa wants to decentralise Eskom – trade unions have vowed to fight the strategy, tooth and nail.
Three months ago the public broadcaster began consultations regarding a mass retrenchment strategy.
Deputy chief justice Judge Raymond Zondo is one South African who surely enjoyed his time away from the cameras and overt political pressures of the job.
The salaries paid to Eskom’s top executives have left concerned citizens, civil rights groups and low-level employees with a bitter taste in their mouths.
The utility’s Group Chief Executive, Phakamani Hadebe, said the multi-tranche loan facility will contribute to Eskom’s plans to strengthen and refurbish the transmission infrastructure,
It’s important to note that Eskom’s application for a 15% tariff increase is over and above the 4.41% raise already granted to the utility by the National Energy Regulator of South Africa (NERSA) earlier this year.
South Africans can breathe a sigh of relief, as the national power utility seems to be stabilising itself.
Unfortunately for the SABC, and its large low-level employee base, the government is now taking a hard-line approach to bailouts.
According to the national power supplier, maintenance teams have managed to resurrect power generating units,