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Eskom assumes control of Maluti-a-Phofung power supply ofm.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ofm.co.za Daily Mail and Mail on Sunday newspapers.
Murky picture on food price hikes ahead as load shedding hits agriculture iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Eskom plans to shed more than 4,000 jobs by 2030, but given the precarious state of the power utility, is that going to be enough? It has opted for the passive route of natural attrition, retirements and voluntary severance packages, rather than retrenchments. Deputy president, David Mabuza“Our understanding is that Eskom’s headcount reduction, as well as the cost reduction strategy that the utility started implementing in 2016, are amongst efforts aimed at improving the utility’s financial sustainability. It is envisaged that this would increase efficiencies in capital and operational expenditure, including employee benefits, Deputy president, David Mabuza said in response to question in the National Council of Provinces. ....
Eskom tells government of plan to cut size of its workforce Deputy President David Mabuza said in parliament that Eskom has communicated a headcount reduction plan to government. “We can confirm that Eskom’s headcount reduction plan was communicated to government as a shareholder, and it forms part of updates that are shared by the utility with the political task team on Eskom,” Mabuza said. “Honourable members would appreciate that restructuring a company of Eskom’s magnitude will not be an easy task, and may take longer, considering the potential effects thereof. Nevertheless, our position remains that Eskom must be supported to implement a comprehensive turnaround programme,” he said. This will ensure that the utility develops and enhances its requisite institutional capabilities, to meet the country’s energy needs.” ....
One of the major threats to our nation’s future is Eskom’s financial hole – its crippling debt impairs its ability to generate enough electricity to keep the economy going. To make matters worse, the Supreme Court of Appeal recently denied Eskom the legal authority to cut off the municipa. ....