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South African electricity public utility
Eskom Hld SOC Ltd or Eskom is a South African state-owned electricity public utility. Eskom was established in 1923 as the Electricity Supply Commission (ESCOM) (Afrikaans: Elektrisiteitsvoorsieningskommissie (EVKOM)). The organization represents South Africa in the Southern African Power Pool.
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Eskom is being pushed into a new era of financial discipline as government rules out further bailouts and double-digit tariff hikes, while demanding lower costs and greater efficiency.