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ESKOM: Restructuring Report: Eskom ‘Fundamentally Insolvent, Permanently Impaired’

  • Date: 24-10-19
  • Category: ESKOM
  • Source: Power

Eskom, South Africa’s state-owned utility that produces nearly 90% of the African powerhouse’s electricity, is saddled with liabilities, unavoidable expenses, and stranded costs that exceed $113 billion, and for various reasons, it is “fundamentally insolvent, permanently impaired, and will never be a true going concern enterprise under its current legal, operational, and governance structure,” concludes a report recently issued by an independent chief restructuring officer (ICRO).

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ESKOM: LETTER: Briquettes a viable product for Eskom

  • Date: 24-10-19
  • Category: ESKOM
  • Source: Business Live

After 10 years of exhaustive tests, Eskom has acknowledged that technologies now exist in SA that can successfully convert environmentally hazardous coal slurry waste into a suitable fuel at half the cost (“Turning coal fines into briquettes a daydream”, October 22).

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ESKOM: ABB comes clean as Eskom house of cards crashes down on global giants

  • Date: 24-10-19
  • Category: ESKOM
  • Source: Biz News

(Bloomberg) – Swiss industrial giant ABB is being investigated for suspect payments related to work it carried out for embattled South Africa utility Eskom.

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PGM PROJECTS: Tagwirei swoops on US$500m platinum project

Commodities baron Kudakwashe Tagwirei’s Landela Mining Ventures has emerged as the new joint venture partner in the Russian-led Darwendale platinum mine project, which has also roped in former Impala Platinum chief executive David Brown.

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AUTO PRODUCTION: Chinese auto production capacity utilization slides to 76.1% in Q3

Average production capacity utilization in China’s auto industry has continued to decline as its new-vehicle market remains locked in a downturn.

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AUTO SALES: Dealership stockpiles stay high for Chinese brands, locally built global marques

  • Date: 24-10-19
  • Category: AUTO SALES
  • Source: Auto News

New vehicle inventories remained well above the normal range in September at dealerships marketing Chinese light-vehicle brands along with global mass-market marques as the overall market downturn continued.

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AUTO SALES: Why Beijing will avoid moves to boost slowing economy, weakening car market

  • Date: 24-10-19
  • Category: AUTO SALES
  • Source: Auto News

Due in large part to U.S. President Donald Trump’s tariffs, China’s economic growth slowed to 6.0 percent in the third quarter, a record low in 27 years. Its new-car market has contracted for 15 straight months.

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AUTO SALES: India scrappage plan unlikely to result as desired - analyst

  • Date: 24-10-19
  • Category: AUTO SALES
  • Source: Just Auto

India's vehicle scrappage plan is unlikely to produce desired results, according to analysts at GlobalData, parent company of just-auto.

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