Speculation as Eskom pushes release of financial results to next week

Eskom has postponed the release of its financial results to next week Wednesday, which has raised questions about the leadership and state of affairs at the utility.

The power producer made the announcement late on Monday night, just hours before it was supposed to release the figures.

Read: Eskom board trying to pull a Hlaudi on us - FM editor

The move comes on the back of reports that Eskom’s former acting chief executive Matshela Koko may be facing disciplinary charges over irregularities at the utility.

Eskom says it postponed the announcement of its annual financial results in order to meet with unions, reports EWN's Gia Nicolaides.

Unions have raised concerns about the possibility of at least four power stations closing down.

The power utility says officials need to engage with all the stakeholders in order to avoid making surprise announcements next week.

Nicolaides says the last minute changes have caused some industry players to speculate.

Take a listen to the EWN update:

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Eskom board trying to pull a Hlaudi on us - FM editor

Eskom board trying to pull a Hlaudi on us - FM editor

Sikonathi Mantshantsha says Eskom board is pulling a 'Hlaudi' by presenting a farcical disciplinary hearing to acquit Koko.

Corruption Watch to push for investigations into McKinsey & Co

Corruption Watch to push for investigations into McKinsey & Co

McKinsey & Co has suspended its SA director claiming that he misrepresented the company in a deal with Trillian and Eskom.

Eskom signs R19.6 billion loan with Chinese bank

Eskom signs R19.6 billion loan with Chinese bank

The loan agreement with China Development Bank is in a bid to finance the completion of the Medupi power station being built.

Eskom offered R800 million contingency fee from China’s Dongfang company - BD

Eskom offered R800 million contingency fee from China’s Dongfang company - BD

On Friday the High Court in Johannesburg interdicted the contract.

"After Glencore sold Optimum to the Guptas, Eskom reduced the R2.1 billion fine"

"After Glencore sold Optimum to the Guptas, Eskom reduced the R2.1 billion fine"

Deputy Editor of the Financial Mail, Sikonathi Mantshantsha says the Gupta-owned mine only had to pay 10% of the initial fine.

Popular articles
[LISTEN] Makhosi Khoza spills the beans on why she quit the ANC

[LISTEN] Makhosi Khoza spills the beans on why she quit the ANC

She says President Zuma was uncomfortable with her and her decisions which saw changes to the ANC and Motsoeneng ousted.

[Watch] Payday dance: Never a dull moment in Cape Town

[Watch] Payday dance: Never a dull moment in Cape Town

Even slow-moving traffic cannot dampen the mood in Cape Town because payday came early. Watch Capetonians celebrating payday.

Outa files urgent court interdict to freeze Gupta money

Outa files urgent court interdict to freeze Gupta money

Outa wants to prevent the money leaving SA as it is meant for the rehabilitating areas in which Gupta mines were situated.

KPMG International's meeting with Pravin Gordhan

KPMG International's meeting with Pravin Gordhan

The Money Show’s Bruce Whitfield interviews Pauli van Wyk, a journalist with Scorpio at Daily Maverick.

Ocean View activist speaks: We have had 20 murders in 2017 alone

Ocean View activist speaks: We have had 20 murders in 2017 alone

Sharone Daniels, a community activist in Cape Town's Ocean View says they need police intervention to end gang violence.

[WATCH] Day-Zero for water running out fast approaching?

[WATCH] Day-Zero for water running out fast approaching?

A government employee emailed John Maytham about what he or she believes is the real state of play with the Cape water crisis.