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June 02, 2015 11:55 AM 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 operates an electricity operating and maintenance concession in Uganda. In addition, it sells electricity to municipalities, which in turn redistributes it to businesses and households within their areas; and purchases electricity from independent power producers in terms of various agreement schemes, as well as electricity generating facilities. 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...

Megawatt Park

Maxwell Drive

Sunninghill

Sandton

Johannesburg,  2157

South Africa

Founded in 1923

46,370 Employees

Phone:

27 11 800 8111

Fax:

27 11 800 4299

Key Executives for Eskom Holdings SOC Limited

Interim Chief Executive and Executive Director
Age: 45
Interim Chief Executive and Director
Age: 48
Acting Chief Financial Officer and Director
Chief Executive Officer of Eskom Development Foundation
Group Executive of Technology and Commercial
Compensation as of Fiscal Year 2014.

Eskom Holdings SOC Limited Key Developments

Eskom and its Chief Executive Tshediso Matona Mutually Agreed to Part Ways on an Amicable Basis

Eskom and its Chief Executive Tshediso Matona have mutually agreed to part ways on an amicable basis. It is expressly noted that no misconduct or wrongdoing is alleged by Eskom against Mr. Matona. Matona, who is the former Department of Public Enterprises Director General, was appointed to the top post in August 2014.

Congress of South African Trade Unions Denies Eskom's Privatisation

Congress of South African Trade Unions and the South African Communist Party denies the privatization of Eskom Holdings SOC Limited with Public Investment Corporation Limited as the potential buyer. The coming Central Executive Committee on May 25, 2015 will, concretise campaigns to reject the privatization of Eskom, the increasing of electricity tariffs which is a burden for the working class.

South Africa Mulls Selling Stake In Eskom

South Africa is looking at divesting stake in Eskom Holdings SOC Limited. The Treasury stated: "Given Eskom's constrained balance sheet and government's constrained fiscal position, there is a need to explore all options. Consideration is being given to ring-fencing and selling stakes in Eskom's non-core businesses or power stations as well as into Eskom's business as a whole."

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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