Company Overview of Eskom Holdings SOC Limited
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...
Founded in 1923
Key Executives for Eskom Holdings SOC Limited
Acting Chief Financial Officer and Senior General Manager of Treasury Division
Chief Commercial Officer of Group Commercial
Chief Executive Officer of Eskom Development Foundation
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
Aug 22 14
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
Aug 21 14
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
Aug 14 14
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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