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
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Allon Raiz, CEO at Raiz Corp on government focus with small businesses.
The Money Show’s Bruce Whitfield interviews Warren Ingram, Personal Financial Advisor and Executive Director at Galileo Capital.
The Money Show’s Bruce Whitfield interviews Richard Brasher CEO at Pick n Pay on its growth.
The Money Show’s Bruce Whitfield interviews Finance Minister at Treasury Nhlanhla Nene on the IMF and World Bank Group meetings.
Do you enjoy listening to Bruce Whitfield’s The Money Show, but miss it sometimes?
Eskom seems to be making steady progress in executing its turnaround strategy. Bruce Whitfield interviews its Spokesperson.
Embattled public broadcaster's new COO, Chris Maroleng tries to defend SABC about Sakina Kamwendo incident.
A video of a white man speaking fluent TshiVenda went viral, but languages expert Dr Dowling says most black people speak English.
Government has put plans in place to prevent the Misverstand Dam from running dry in a week's time.
Writer Niren Tolsi says SA cricketer Hashim Amla is the living embodiment of a nation trying to express itself while healing.
She faces ongoing complaints from rivals about having an "unfair advantage" on the track, but how fair is this proposed IAAF rule?
Wattapac is a water-saving bladder and pump designed to help plumbers save as much as 1 000 litres of water a day.
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)