South Africa's Eskom to publish financial results today
By Respect Gwenzi, Jan 30, 2018
Reuters- South African utility Eskom will publish interim financial results on Tuesday, the company said, in time to meet a Jan. 31 deadline set by the Johannesburg Stock Exchange, which had threatened to suspend trading in Eskom's bonds.
Eskom is the sole power supplier in Africa's most industrialised economy and delayed publication of its results late last year. The firm has been embroiled in a governance crisis and has been at the heart of allegations of undue influence in awarding tenders during President Jacob Zuma's time in power.
International ratings agencies have regularly cited Eskom as a threat to South Africa's strained public finances.
Earlier this month the government named a new Eskom board and told the company to remove executives facing allegations of "serious corruption and other acts of impropriety".
Top Stories
Tongaat Hulett Liquidation Hearing Set for 16 April as Voermol Rescue Plan Hangs in Balance
Tongaat Hulett Developments Proprietary Limited, which holds property development assets, operates under a separate rescue plan adopted in May 2023 and is expected to continue unaffected by the THL pr
18 minutes agoOld Mutual Zimbabwe Costs Group R1.5 Billion in Earnings as Currency Transition Bites
Old Mutual excludes Zimbabwe from the key performance indicators it uses to manage the group, citing barriers to accessing capital through dividends. This means that the group's reported return on net
50 minutes agoZimbabwe Introduces National Standard Price List: All Payments to Suppliers to Be Made in ZiG
Zimbabwe's Ministry of Finance, Economic Development and Investment Promotion, together with the Procurement Regulatory Authority of Zimbabwe, has announced on the 13th of March 2026 a National Standa
1 day ago
