Phakamani Hadebe

Eskom paints gloomy picture as profits shrink

Eskom has painted a gloomy picture of a company living beyond its means. The power utility announced its financial results for the six months to September. Plagued by corruption as part of the state capture project, Eskom is now struggling to keep head above water. CEO Phakamani Hadebe says he[…]

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Eskom has sent out a statement in which the flailing national power supplier calls itself “an organisation that has been the cornerstone” of the SA economy and prides itself in “95 years of powering the nation”. The company says it aims to ensure that universal electricity access is reached in[…]

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