Loss-making Wescoal moves to cut costs
After a bad year, the black-owned coal miner and Eskom supplier will undertake a cost-savings drive
21 July 2020 - 19:15
Black-owned coal miner and Eskom supplier, Wescoal will embark on a cost-savings drive after its operations being hit by strikes and excessive rain, among other things, swung the group into a R137m loss.
“It’s a disappointing set of results,” Wescoal CEO Reginald Demana said on Tuesday at the release of the group’s financial performance for the year to end-March 2020. “Most of our colleagues at Wescoal have never experienced full-year loss-making results.”..
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