Eskom is still struggling with liquidity and to remain sustainable, and will have to demonstrate to the auditors that examine its 2017-18 financial statements that it is a going concern, MPs were told on Tuesday.Executives of the utility briefed Parliament’s energy portfolio committee on the implications of the decision of the National Energy Regulator of SA (Nersa) to approve only a 5.23% tariff increase for the 2018-19 year."The 5.23% tariff increase will negatively impact Eskom’s operational and financial sustainability, going-concern status and ability to meet its debt service commitments," the executives said in a presentation to the committee.In the six months to end-September Eskom made a net profit after tax of R6bn, compared with R10bn in the previous period. Higher depreciation and net finance costs were incurred due to new build units coming online. Revenue was 2% lower at R96bn. Earnings before interest, depreciation, tax and amortisation amounted to R30bn, down from R32...
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