04 April 2019 1 Min Read
Eskom’s R250bn hole threatens utility’s survival
Public enterprises minister says government looking into additional mechanisms to help utility
in National by Carol Paton and Lisa Steyn
Eskom probe update: Public enterprises minister Pravin Gordhan, Eskom CEO Phakamani Hadebe and chair Jabu Mabuza brief the media on the work of the Eskom technical review team on Wednesday. Gordhan appointed the team in March to investigate operational issues. Picture: THAPELO MOREBUDI
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Eskom’s financial crisis is far bigger than previously thought, with a R250bn anticipated shortfall over the next three years, over and above the R69bn injection announced in February’s budget, threatening its sustainability.
“We need R250bn. I’m not going to venture into how we are going to get it, but that is what we need,” said Eskom chair Jabu Mabuza in an interview after a briefing held at Lethabo power station in Mpumalanga on Wednesday.
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