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The man with a plan to fix Eskom

The Economist LogoThe Economist2 mo ago

The man with a plan to fix Eskom - The Economist

Quick Summary:

Andre de Ruyter wants to overhaul South Africa’s power utility.

Pravin Gordhan, the minister who oversees state-owned firms, and yet another communist, has dawdled over appointing board members, leaving Mr de Ruyter short of the support he needs to enact his plan.

Thanks to greater discipline and cost-cutting measures, such as not replacing some retiring staff, the net loss in the latest financial year, which ended in March, is expected to have fallen from around 20bn rand in each of the previous three years to less than 10bn rand.


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Article Details

Category: EconomyFinance

Topics: Coal Imports Crime Energy and resource National government Eskom Electricity production and distribution Business enterprise Fleet South Africa African National Congress Mr. Crime

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-14, 10:18:46

News Timezone: GMT -5:00

News Source URL: economist.com

Language: English

Reading Time: 6 minutes read

Article Length: 901 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 54109

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About The Economist

The Economist Logo

Main Topics: EconomyFinance

Official Website: economist.com

Update Frequency: 2 posts per week

Year Established: 1843

Headquarters: United States

News Last Updated: 18h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #36

Publisher Details

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