February 28, 2015 7:54 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

Chief Executive Officer and Director
Finance Director and Executive Director
Age: 45
Chief Executive Officer of Eskom Development Foundation
Group Executive of Technology and Commercial
Group Executive of Human Resources
Age: 46
Compensation as of Fiscal Year 2014.

Eskom Holdings SOC Limited Key Developments

IDC Not To Sell Stakes In Listed Companies

Geoffrey Qhena, Chief Executive Officer of The Industrial Development Corporation of South Africa Limited (IDC) said that IDC will not sell stakes in the listed companies to raise funds to help in Eskom Holdings SOC Limited's cash crunch. Geoffrey further said that selling stakes in the listed investments will result into loss of income which is counter to IDC's objectives. The investments in listed companies provide money to IDC to fund new businesses. According to Barclays, government can raise upto ZAR 86 billion by selling stakes in 10 listed companies. IDC hold stakes in 8 of the 10 companies which are Sasol Ltd. (JSE:SOL), Kumba Iron Ore Ltd. (JSE:KIO), ArcelorMittal South Africa Limited (JSE:ACL), Sappi Limited (JSE:SAP), Life Healthcare Group Holdings Limited (JSE:LHC), Hulamin Limited (JSE:HLM), Merafe Resources Limited (JSE:MRF) and BHP Billiton plc (LSE:BLT). "A complete disposal is out of the picture. Out of the eight we are taking out nothing because they are key in the IDC’s life…. We have not been approached by anyone," Geoffrey Qhena said.

Eskom Holdings SOC Ltd. Reports Earnings Results for the Six Months Ended September 30, 2014

Eskom Holdings SOC Ltd. reported earnings results for the six months ended September 30, 2014. For the six months, the company reported profit attributable to owner of the company was ZAR 9.29 billion, compared to ZAR 12.24 billion for the same period ended September 30, 2013. Revenue for the first six months ended September 30, 2014 was ZAR 81.9 billion, compared to ZAR 77.72 billion for the same period ended September 30, 2013. Operating profit before net finance cost for the first six months ended September 30, 2014 was ZAR 16.5 billion, compared to ZAR 18.89 billion for the same period ended September 30, 2013.

ESKOM Presents at The 12th Annual African Capital Markets Conference, Nov-14-2014 09:00 AM

ESKOM Presents at The 12th Annual African Capital Markets Conference, Nov-14-2014 09:00 AM. Venue: Cape Town International Convention Center, Cape Town, South Africa. Speakers: Garth Greubel, Head of Portflolio Management.

Similar Private Companies By Industry

Company Name Region
Nqaba Finance 1 (Proprietary) Limited Middle East/Africa
Resource Management Integration Group (Pty) Ltd. Middle East/Africa
Sasol New Energy Holdings (Pty) Ltd. Middle East/Africa
Rural Maintenance Pty Ltd. Middle East/Africa
Amatola Green Power Middle East/Africa

Recent Private Companies Transactions

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

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Eskom Holdings SOC Limited, please visit www.eskom.co.za. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.