Eskom has warned that debt owed is likely to balloon to R36 billion by the end of next year, if municipalities fail to pay.
Eskom’s acting CEO, Jabu Mabuza has pleaded with the country to get behind the new CEO who takes over the reigns early in 2020. Andre De Ruyter is the CEO of packaging giant, Nampak.
Energy analyst Chris Yelland, has called on Finance Minister Tito Mboweni to provide clarity on the way forward with Eskom to allay fears from lenders over the future of the power utility.
Chairperson and acting Chief Executive Officer (CEO) of Eskom, Jabu Mabuza, says he has a clear conscience that he has no conflict of interest when it comes to the power utility.
The National Union of Metalworkers of South Africa (Numsa) has slammed the Eskom leadership for last week’s load shedding, describing it as economic sabotage.