First, the good news.
Eskom, South Africa’s energy giant, continues to boast huge profits for their financial year ending March 2014. A net profit of R7.1 billion was announced, and although this figure is R5.2 billion more than the previous year, it is still well below the R12.2billion stated for the six months, ending September 2013.
Either way it’s a massive profit for the state-owned sector to achieve.
President Jacob Zuma must be smiling, and wondering how he can grab the money to enhance his electricity supply at Nkandla and the rest of the Zulu tribal properties around Kwazulu Natal
Read the full story on European Knights Project - here is the link.
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