Menu
 
 
 

Eskom to cut management jobs

  • Published in News

Eskom has approved a plan to cut jobs at a management level in a bid to further save on costs at the group. The power utility said that despite efforts to curb expenditure, its operating costs have continued to increase dramatically while output has remained largely unchanged.

Read more...

Fitch Ratings affirms Eskom’s 'BB' credit rating and removes the ratings watch negative

  • Published in News

Fitch Ratings has announced its decision to affirm Eskom Long-Term Local Currency Issuer Default Rating (IDR) and unguaranteed local currency senior unsecured ratings of 'BB-'. Fitch has simultaneously maintained the National Long-Term Rating at 'A(zaf)' and the National Short-Term Rating at ‘F1(zaf)'.  The rating agency has also affirmed the government-guaranteed local currency senior unsecured debt ratings at 'BB+', in line with the rating of South Africa (BB+/Stable Outlook). The credit rating agency has also resolved to remove the Rating Watch Negative (RWN) instituted by Fitch in January 2018. Outlook on Eskom remains negative.

Read more...

Eskom competition boosts small enterprise development

  • Published in News

The finest black-owned South African small and medium enterprises (SMEs) that competed in the 2018 Eskom Business Investment Competition (BIC), were awarded great prizes at an awards function held on Tuesday, September 4 at the Indaba Hotel in Fourways, Johannesburg. With R1.3 million worth of prizes at stake, the businesses slugged it out for top honours in three categories; manufacturing, trade and services as well as engineering and construction (full list of winners below).

Read more...
Subscribe to this RSS feed

Industries

About us

Follow us

Follow us @BusinessNewsCT

BusinessNewsCT RT @ConcreteTrends: WIND ENERGY INDUSTRY COMMITS TO INVESTING IN SOUTH AFRICA https://t.co/OjJxM0Telh https://t.co/Dw06QdyqOR
BusinessNewsCT RT @voltexsa: Amp up your summer with this and many other recession beating specials during all of November and December! Visit our website…