South Africa's Eskom H1 profits down 34 pct, new board aims to stabilise firm

By Respect Gwenzi, Jan 31, 2018

South African state-run power utility Eskom said on Tuesday interim profits were down 34 percent to 6 billion rand ($504 million) on the back of declining sales and higher finance costs.Eskom, which has been embroiled in a governance crisis and allegations of undue influence in awarding tenders, said in a statement it would address governance concerns and stabilise the firm through its new board.-Reuters

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