Eskom‘s Chief Financial Officer, Calib Cassim, says the power utility is working on a plan to reduce its constant cash flow shortfall. The embattled power utility is projected to make an R20-billion full-year loss. The SOE’s debt stands at R454-billion.
Eskom acting-CEO David Mabuza tried to allay fears Eskom’s direction when presenting the utility’s interim financial results on Thursday afternoon.
“I also want to assure you that we are satisfied as the board of Eskom and we are very grateful that the shareholders have come to the same conclusion that Andre de Ruyter is the most suitable and willing South African to take this job,” said Mabuza.
He also said he has no doubt de Ruyter is the right person to lead the power utility. Mabuza reported Eskom has done lifestyle audits on all its executives. Some cases have been referred to the Special Investigating Unit.
In other news – Sonia Mbele finally speaks out on her Crown Gospel Awards outburst
Sonia Mbele has explained that she was “possessed by the Holy Spirit” when she loudly chanted “Hallelujah!” at this Sunday’s Crown Gospel Awards – a moment which had the country talking.
You knew it would be a meme as you watched it. Sonia Mbele was on stage at the Crown Gospel Awards, ready to present the Best Gospel Jazz award Sipho Makhabane, AKA Big Fish. But all the attention was on Sonia after her hilarious outburst which began with her admitting that she got lost backstage, and ended with not one but two loud, screechy chants of “Hallelujah!”. Read more
Source: eNCA
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