: Eskom will likely struggle to find private investors willing to revitalise its coal-fired power plants, with many investors, such as banks and asset managers, having already committed to renewable energy projects. Olga Constantatos from Futuregrowth added that Eskom’s R254 billion debt relief would give the utility some respite but stressed that it needs to address several other challenges, including corruption, a high-cost base, and cash flow difficulties.
CEO Nelisa Mabenge was investigated after whistleblowers complained that she lied about being an advisor to President Cyril Ramaphosa from 2018 to 2020. The Presidency also denied that she ever worked there. [: Community trusts linked to Richards Bay Minerals accuse the mining company of trying to use the courts to gain control over how funds are spent.
Source: News Formal (newsformal.com)
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