June 7, 2018 / 12:23 PM / 14 days ago

South Africa's Eskom’s to cut capex this financial year - chief executive

JOHANNESBURG, June 7 (Reuters) - South African cash-strapped power firm Eskom will look to reduce its annual capital expenditure to 45 billion rand ($3.5 billion) from 55 billion rand in the current financial year to ease pressure on its balance sheet, new CEO Phakamani Hadebe said on Thursday. ($1 = 12.7913 rand) (Reporting by Alex Winning Writing by Mfuneko Toyana Editing by James Macharia)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below