Rand extends losses on Eskom special paper
Minister Pravin Gordhan said the new CEO of Eskom was likely to be announced next week after the resignation of Phakamani Hadebe in May
29 October 2019 - 15:20
The rand extended losses on Tuesday afternoon as investors found little comfort in the government’s plans to reform Eskom.
Earlier on Tuesday, public enterprises minister Pravin Gordhan tabled a plan for the ailing power utility, which included expanding renewable energy output, cutting fuel costs as well as separating parts of Eskom’s transmission component. ..
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