Eskom making good progress towards stability – CEO Brian Molefe

Eskom released its annual results on Tuesday.

Net income increased to R11.3 billion in the six months to the end of September.

The state-owned company said it has made significant strides in key areas of the business, a move that has placed the company on a path to operational and financial stability.

The Money Show’s Bruce Whitfield interviewed Eskom CEO Brian Molefe.

Scroll down for quotes from the audio below.

We’re not out of the woods yet. There is still a risk of load shedding.

Brian Molefe

Once the Medupi Unit 5 comes on line I think load shedding will be a thing of the past.

Brian Molefe

Unit 6 is stable and performing very well.

Brian Molefe

We will be using coal for a while in South Africa. It’s the second-cheapest, after nuclear.

Brian Molefe

Over time renewables will give us better, cheaper energy.

Brian Molefe

It will cost us a trillion rand to build a nuclear power station with a lifetime of 60 to 80 years.

Brian Molefe

Koeberg is the cheapest source of electricity for us.

Brian Molefe

Our ideal is to rely less on Government.

Brian Molefe

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Eskom making good progress towards stability – CEO Brian Molefe


Recommended

by NEWSROOM AI
Read More
How to build a business that will survive constant technological change

How to build a business that will survive constant technological change

The Money Show’s Bruce Whitfield interviews Pavlo Phitidis, founder of Aurik Business Accelerator.

How to pay up to 45% less tax (and save the SA economy while you’re at it)

How to pay up to 45% less tax (and save the SA economy while you’re at it)

The Money Show’s Bruce Whitfield interviews Darryn Faulds, a fund manager at Grovest Group.

9 tough questions you should never be afraid to ask your financial advisor

9 tough questions you should never be afraid to ask your financial advisor

Times are tough. Don’t spare her feelings! You must ask these questions of your advisor, implores Galileo Capital's Warren Ingram.

Is Eskom getting better? We interview its acting CEO Brian Molefe…

Is Eskom getting better? We interview its acting CEO Brian Molefe…

Eskom announced a net profit of R3.6 billion on Tuesday. We interview its acting CEO Brian Molefe…

Acting CEO Brian Molefe on what he told Parliament about the situation at Eskom

Acting CEO Brian Molefe on what he told Parliament about the situation at Eskom

Hear, from the horse’s mouth, what Brian Molefe told Parliament about the situation at the beleaguered power utility.

Can Brian Molefe do at Eskom what he did at Transnet?

Can Brian Molefe do at Eskom what he did at Transnet?

An emerging market economist discusses whether acting Eskom CEO Brian Molefe can turn the limping parastatal around.

Popular articles
Try out the Riverine Rabbit restaurant in Cape Town for mouth watering food

Try out the Riverine Rabbit restaurant in Cape Town for mouth watering food

Head Chef and Owner at Riverine Rabbit Ash Heeger explains why she rebranded the popularly known Ash restaurant.

News24 exposes how big SA corporates are funding fake news

News24 exposes how big SA corporates are funding fake news

A News24 investigation has exposed how some of South Africa's biggest companies have been advertising on fake news websites.

Zille open to renaming Robben Island swim after 'nation-builder' Theo Yach

Zille open to renaming Robben Island swim after 'nation-builder' Theo Yach

Premier Helen Zille describes Yach as one of the most generous, warm, open-hearted and community-driven people she's ever known.

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.

[WATCH] Man exposes people selling stolen goods on Facebook

[WATCH] Man exposes people selling stolen goods on Facebook

Anton Fourie says he used his phone to record the interaction to create awareness of what is going on in the community.

Zondi tells court that she had to 'look happy' in church out of fear for Omotoso

Zondi tells court that she had to 'look happy' in church out of fear for Omotoso

Cheryl Zondi is testifying against Pastor Timothy Omotoso who is accused of rape and human trafficking in his Durban church.