South Africa’s Eskom deepens power cuts on breakdown woesA shop owner picks an item for a customer by candlelight during power outages by South African utility Eskom due to more breakdowns at its ageing coal-fired plants, in Soweto, South Africa, April 20, 2022.
Eskom’s new board was scheduled to convene for the first time this week to dissect the utility’s strategy, chairperson Mpho Makwana told legislators in late October.
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The board has much to ponder, including the looming threat of the Johannesburg Stock Exchange (JSE) suspending the listing of Eskom’s debt securities. This is after the company failed to submit its financial statements within a seven-month window.