André de Ruyter upbeat on Eskom

CEO says power utility getting a grip on capex and procurement

11 October 2020 - 00:08

Eskom could shave a fifth or more from its bloated cost base as it gets a grip on its procurement and capital spending, putting disciplines back in place and tackling malfeasance and resistance.

But CEO André de Ruyter says cutting Eskom's R140bn procurement budget is a slow process and efforts to put disciplined procurement procedures in place often face resistance and prompt allegations of corruption and wrongdoing...

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