Eskom says it will seek ways of reducing staff costs other than cutting jobs. This after it halted a plan to offer workers voluntary retrenchment deals.
The private sector is ready to work with government in bringing the much needed investment into the country.
The Portfolio Committee on Public Enterprises has made it clear that it is counting on the new Eskom Board to turn the troubled utility around.
Economist Iraj Abedian says corruption at Eskom started as far back as when the current Finance Minister Malusi Gigaba was in the Public Enterprises portfolio. Government appointed a new board at Eskom with Telkom Chairperson Jabu Mabuza as the power utility’s new chairperson. Mabuza has replaced Zithembe Khoza who has resigned. The new board includes prominent […]
Finance Minister Malusi Gigaba says government’s decisive action at Eskom is aimed at showing investors that South Africa is serious about growing its economy.