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



Johannesburg,  2157

South Africa

Founded in 1923

46,370 Employees


27 11 800 8111


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.

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