JOHANNESBURG – In a statement, the state-owned power utility Eskom said despite efforts to curb expenditure, its operating costs had continued to increase dramatically while output remained largely unchanged.
As a result, Eskom’s board of directors had decided to review the company’s organisational design to enhance operational and cost efficiencies.
In August, Eskom chairperson Jabu Mabuza, told Parliament’s public enterprises committee that Eskom was over-staffed at all levels and would have to right-size.
Eskom is facing a financial quadmire with falling sales, an inability to meet debt obligations and tariffs that are not cost-reflective.
Eskom said it would share updates with the relevant stakeholders.