Eskom tells senior managers unit separation to take 3 to 5 years
Eskom Holdings, the South African power utility struggling with almost $30-billion in debt, said it will take as long as three to five years to comply with the government’s plan to split the company into three separate units. President Cyril Ramaphosa said in February that the company would be divided into generation, transmission and distribution units to make it more manageable. The split is part of a rescue plan that also committed the government to pay $8.4 billion over three years in bailouts.Read More
About Article Author
Dudley Pierce Baker is the founder and editor of Common Stock Warrants and a 1967 graduate of St. Mary’s University in San Antonio, Texas with a major in accounting. A former for IRS agent, Baker has 35 years or so of accumulated knowledge and experience in trading stocks, options, leaps, futures, options on futures and of course, warrants. In March 2005, he founded and launched this new investment Market Data Service, Precious Metals Warrants, which provides the detail on all mining and energy company Warrants trading on the U.S. and Canadian Exchanges. As an investor, Baker looked all over for helpful information about US-Canada mining and energy industry's; he, therefore, proceeded to accumulate the sources of the information and then to build the website into a user-friendly place to get the details on all warrants trading on the mining and energy companies.