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October 04, 2015 9:26 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. It generates power though nuclear, hydro-electric, wind, gas turbine, coal, and pumped storage plants. The company also operates service concessions for the generation and/or transmission of electricity in Mali and Uganda. In addition, it sells electricity to metros and municipalities who in turn redistribute it to businesses and households within their areas; and purchases electricity from independent power producers, as well as buys and sells electricity in the Southern African Development Community region. The company was ...

Megawatt Park

2 Maxwell Drive



Johannesburg,  2157

South Africa

Founded in 1923

46,490 Employees


27 11 800 8111

Key Executives for Eskom Holdings SOC Limited

Chief Executive Officer
Age: 49
Chief Financial Officer
Finance Director and Executive Director
Age: 46
Group Executive of Technology and Commercial
Group Executive of Human Resources
Age: 47
Compensation as of Fiscal Year 2015.

Eskom Holdings SOC Limited Key Developments

Eskom Announces Management Changes

Eskom announced the appointments of Brian Molefe and Ben Ngubane as Eskom chief executive and board chairman. Public Enterprises Minister Lynne Brown announced that the cabinet had approved the appointments at its meeting, as well as the appointment of Anoj Singh as chief financial officer. The move brings to a close a period of turmoil. Former chief executive Tshediso Matona and three other executives were placed on suspension in March, less than six months after Matona had taken up the post, to allow for a fact-finding inquiry instituted by the then- Eskom chairman, Zola Tsotsi. Matona parted ways with Eskom and has been appointed head of the National Planning Commission secretariat. Tsotsi stepped down as board chairman. Molefe has been the acting chief executive since April, when he was drafted in from the state rail freight firm Transnet.

Eskom Reports Earnings Results for the Year 2015

Eskom reported earnings results for the year 2015. For the year, the company reported net profit for 2015 of ZAR 3.6 billion, down from ZAR 7.1 billion just a year earlier.

Anoj Singh Joins Eskom Holdings Soc Limited on Secondment

Eskom Holdings SOC Limited announced that the Transnet Group Chief Financial Officer Mr. Anoj Singh has been seconded to Eskom, with effect from August 01, 2015, and will be responsible for driving all aspects of the company's finance strategy, including the ZAR 250 billion funding plan. His secondment will be for six months.

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