Scandal-plagued Eskom has only enough cash to last it for the next three months — but it still wants bonuses to be paid to axed CEO Brian Molefe, suspended acting chief executive Matshela Koko and others. According to its annual financial statements, the power utility is sitting on its last R20-billion. This means that, unless something is done urgently, the parastatal could find itself unable to pay November salaries. The financial statements, which the Sunday Times has seen, were presented to Public Enterprises Minister Lynne Brown late in June. Her office on Saturday refused to comment, saying it was premature. Read the full article in the Sunday Times.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now