Eskom
generates, transmits and distributes
electricity to industrial, mining,
commercial, agricultural and residential
customers and redistributors. It
also buys electricity from and sells
electricity to the countries of
the Southern African Development
Community (SADC).
Eskom is regulated under licences
granted by the National Energy Regulator
of South Africa (Nersa) originally
under the Electricity Act (41 of
1987) (to be replaced by licences
under the Electricity Regulation
Act (4 of 2006) and by the National
Nuclear Regulator in terms of the
National Nuclear Regulatory Act
(47 of 1999).
Through its subsidiary Eskom Enterprises
(Pty) Limited, Eskom is also active
in local unregulated markets and
various African countries. These
activities include the provision
of electricity-related services
to countries connected to the South
African grid. Eskom's core markets
are, in order of priority, South
Africa, the SADC and the rest of
Africa. Eskom Enterprises (Pty)
Limited is the holding company of
Rotek and Roshcon. They now focus
on Eskom's core activities, playing
a critical role in repairs, refurbishment
and the expansion programme.
The core businesses of subsidiaries,
Eskom Finance Company (Pty) Limited,
Escap Limited and Gallium Insurance
Company Limited include the granting
of employee home loans and the management
and insurance of business risk.
The mortgage book of Eskom Finance
Company was largely securitised
during the financial year. The planned
disposal of this company is expected
in the next financial year. Eskom's
corporate social investment is channelled
principally through the Eskom Development
Foundation, a section 21 company. |
