Parliament’s portfolio committee on public enterprises has welcomed the financial reports Eskom tabled on Thursday‚ but says it has seen similar promising reports before that were not followed by great events.Eskom executives briefed the committee on the power utility’s annual performance plan and financial report on Wednesday."The committee welcomed what it heard about interventions made by the new board. However‚ it cautioned that the power utility has presented beautiful annual reports in the past‚ and yet now finds itself on the verge of collapse. The committee‚ on the other hand‚ is looking for sustainability at Eskom."The committee also noted with concern the amount of R13.5bn that municipalities owe the power utility. Eskom appealed to the committee for intervention on this matter‚ as it is beyond Eskom’s control‚" the committee said in an official statement.It also welcomed the continuing Eskom investigation into 239 cases of employee misconduct. The committee said it was pl...

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, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.