Eskom revealed a set of dire financial results on Tuesday, a sure sign that the power company is caught in a death spiral with no plan in sight to get out of it.

Announcing a record R20.7bn loss for the year ended March 2019, Eskom executives warned that the blood-letting was not over yet and a similar size loss was projected for 2020 as debt costs grow and revenue shrinks...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

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