Eskom says it has seen an increase of over R 4 billion rand in municipal arrears debt for the last financial year. The power utility Group released its interim results for the six months ended 30th September 2018.
Financial adviser Lazard will conclude its assessment of which assets South Africa’s state-owned power firm Eskom can put up for sale in the next few days, Eskom’s chairman Jabu Mabuza said on Monday.
The settlement was signed in Johannesburg by McKinsey, Eskom, the Asset Forfeiture Unit and the Curator as part of the parastatal’s turnaround strategy.
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.