August 28, 2014 1:14 PM ET

Electric Utilities

Company Overview of Eskom Holdings SOC Limited

Company Overview

Eskom Holdings SOC Limited generates, transmits, and distributes electricity to industrial, mining, commercial, agricultural, and residential customers in South Africa. The company also has an interest in electricity operations and maintenance concessions in Mali, Senegal, Mauritania, and Uganda. In addition, it sells electricity to municipalities, which in turn redistributes it to businesses and households within their areas; and buys and sells electricity in the Southern African Development Community region. The company operates 27 power stations with a total nominal capacity of 41 995 megawatt (MW) comprising 35 726 MW of coal-fired, 1 860 MW of nuclear, 2 409 MW of gas-fired, and 2 000 M...

Megawatt Park

Maxwell Drive

Sunninghill

Sandton

Johannesburg,  2157

South Africa

Founded in 1923

46,919 Employees

Phone:

27 11 800 2901

Fax:

27 11 800 4299

Key Executives for Eskom Holdings SOC Limited

Chief Executive Officer
Acting Chief Financial Officer and Senior General Manager of Treasury Division
Chief Commercial Officer of Group Commercial
Age: 41
Chief Executive Officer of Eskom Development Foundation
Executive Director
Age: 48
Compensation as of Fiscal Year 2014.

Eskom Holdings SOC Limited Key Developments

Eskom Holdings SOC Limited Reports Earnings Results for the Year Ended March 31, 2014

Eskom Holdings SOC Limited reported earnings results for the year ended March 31, 2014. For the period, the company reported a net profit of ZAR 7.1 billion for the year ended March 31, 2014, up from ZAR 5.2 billion in the previous year, but significantly less than the ZAR 12.2 billion reported for the six months ended September 30, 2013. The surplus will be reinvested in the company in full to support its capacity expansion programme and to service debt. Revenue for the year increased to ZAR 139.5 billion from ZAR 128.8 billion in the previous year, reflecting the impact of the 8% tariff increase and the flat demand for electricity.

Cabinet Appoints Tshediso Matona as Chief Executive of Eskom

Cabinet approved the appointment of current Department of Public Enterprises Director-General, Mr. Tshediso Matona, as the Chief Executive of Eskom at its meeting held in Cape Town on August 21, 2014. Mr. Matona brings with him a wealth of experience and is conversant with the challenges facing the State-Owned Company. He formally succeeds Mr. Brian Dames who resigned with effect from 31 March 2014. Mr. Collin Majila has been Acting Chief Executive since 1 April 2014. Mr. Matona has been closely involved in providing oversight to Eskom and the other State-Owned Companies in the department s portfolio for the past three years. Prior to that Mr. Matona was the Director-General for the Department of Trade and Industry for five years.

Bidders Eye 19% Stake In Kudu Plant

Namibia Power Corporation (Proprietary) Limited has evaluated bidders for the 19% stake in Kudu plant and is checking their governance structures before taking a decision, S. Muyenga-Muyenga, a coordinator at Kudu plant said. Eskom Holdings SOC Limited hasn’t expressed interest in the stake.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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