There is a kangaroo court happening in South Africa about the Guptas! I don’t see any reason why Eskom shouldn’t do business with them.— Brian Molefe, Eskom CEO
Our cost-cutting measures amount to R17.5 billion. We’ll continue cutting costs next year.— Brian Molefe, Eskom CEO
We’re getting more out of the machines than a year ago. We’re running them harder for longer. But we’re making sure they don’t break.— Brian Molefe, Eskom CEO
Eskom released results on Tuesday, saying it will no longer be a constraint to South Africa’s economic growth.
This comes in the wake of Minister Lynn Brown’s announcement that she will suspend pay hikes of Eskom’s executives.
Eskom’s revenue increased by 10.6% to R163 billion while profits grew by 57% to R4 billion.
The Money Show’s Bruce Whitfield interviewed Eskom CEO Brian Molefe.
Eskom will award Molefe R9.5 million for his efforts in steering the parastatal to just under 11 months of no load shedding.
Scroll down for quotes from the audio below.
Electricity demand is down 0.8% on a year ago.— Brian Molefe, Eskom CEO
We have been catching up on the backlog of maintenance and spending quite a bit more. We’re having fewer unplanned breakdowns than a year ago.— Brian Molefe, Eskom CEO
We expect the first unit of Kusile to come online next year.— Brian Molefe, Eskom CEO
I’m not aware of any underhand deals at Eskom.— Brian Molefe, Eskom CEO
Oakbay doesn’t have the capacity to produce the enriched uranium we need.— Brian Molefe, Eskom CEO
There is indeed misreporting about Eskom.— Brian Molefe, Eskom CEO
The media is the High Priest of the kangaroo court against the Guptas.— Brian Molefe, Eskom CEO
State-run newspaper The Herald carried 26 pages of full-colour advertisements congratulating him.
That’s 6000 per minute… 360 000 per hour… 8.64 million per day… You get the idea. Shoprite is rocking!
The Money Show’s Bruce Whitfield interviews oil and energy expert Rocco Strydom.
Bruce Whitfield interviews "Dr Eve" Wasserman about her attitude to money (hopes and fears, successes and failures, etc).
Bruce Whitfield interviews Prof Ian Goldin, author of “Age of Discovery: Navigating the Risks and Rewards of Our New Renaissance”.
Eskom seems to be making steady progress in executing its turnaround strategy. Bruce Whitfield interviews its Spokesperson.
You have until 28 February to challenge NSFAS funding rejection but callers say they've been rejected with no proper explanation.
Property management company PayProp argues that Airbnb has driven down rental availability and driven up rental prices in the CBD.
Financial journalists Duma Gqubule and Sikhonathi Mantshantsha debate Brian Molefe's eligibility to head National Treasury.
Ex-Eskom boss Brian Molefe called it quits last year after his implication in the state capture report and is now headed to Parly.
Water wasters, beware! The Cape Town Mayor has had enough of you. And she’ll tell you in your face…
Bruce Whitfield interviews Debbie Goodman-Bhyat, author of “INtheFLOW – Taking Mindfulness to Work”.
These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.