for subscribers

Eskom cuts diesel bill by R760m in five months

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
(Duncan Alfreds, News24)
(Duncan Alfreds, News24)

Cape Town - Eskom has reported a significant decline in diesel usage from R800m to R40m in five months as the power utility makes steady progress in its turnaround strategy.

Following a two-day board breakaway session in which Eskom’s key performance targets were assessed, Eskom’s board of directors led by chairperson Dr Baldwin Ngubane expressed satisfaction on the progress made so far in turning around the company’s operational and financial performance.

"Eskom has decreased the usage of diesel from R800m to R40m in five months due to improved performance of our base-load fleet," said Ngubane.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.04
(-0.38)
ZAR/GBP
21.81
(-0.11)
ZAR/EUR
19.90
(-0.12)
ZAR/AUD
12.03
(-0.12)
ZAR/JPY
0.16
(-1.12)
Gold
1860.65
(+0.03)
Silver
22.87
(+0.11)
Platinum
844.51
(+0.50)
Brent Crude
42.23
(-0.12)
Palladium
2207.00
(+0.59)
All Share
53587.11
(-1.22)
Top 40
49547.74
(-1.16)
Financial 15
9401.28
(-1.95)
Industrial 25
72949.70
(-1.72)
Resource 10
53453.42
(-0.10)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1365 votes
It depends on how the funds are used.
73% - 8845 votes
No. We should have gotten the loan elsewhere.
16% - 1954 votes
Vote