'Broke' allegations inaccurate, says Eskom ahead of results announcement
16 July 2017 - 11:23
Eskom has rejected a Sunday Times report claiming that it is "broke" and has only enough cash to last it for the next three months. "External auditors have confirmed Eskom as a going concern, and as a result the company sees these reports as being inaccurate and misleading," the power utility said in a statement on Sunday. "It is important to reiterate that Eskom is not facing any liquidity challenges, and that the company is confident that it will maintain sufficient liquidity to support its operations."
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