BUSINESS DAY TV: ‘There is a global shift towards energy that is more flexible’
Shaun Nel is an energy analyst. BUSINESS DAY TV: Eskom’s half-year results today were overshadowed by the revelations contained in the public protector’s State of Capture report released yesterday afternoon. It detailed meetings between Eskom CEO Brian Molefe and Ajay Gupta and it questions a number of contracts between Eskom and the Gupta-owned Tegeta Resources. Nevertheless a visibly emotional Molefe managed to present the numbers for the six months to September and joining us on News Leader to discuss them is energy analyst Shaun Nel. Shaun ... as we said, overshadowed very much by other events, the numbers on the face of it look okay, but when you drill down, sales aren’t doing as well and they’re actually saying they need to boost sales and get new customers and increase cross broader sales. SHAUN NEL: On the whole a positive issue is that Eskom’s financials do look a bit more positive but if we do dig deeper we can see a massive decline in sales, particularly in the industrial...
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