Eskom reports another R20bn annual loss
The utility continues to grapple with an unsustainable debt burden
30 October 2020 - 16:29
Eskom incurred a R20.5bn net loss for its 2020 financial year as the utility continued to grapple with significant financial and operational challenges.
“It’s fair to say the results are disappointing,” CEO Andre de Ruyter said at the release of the long-delayed 2020 annual results on Friday. “Our financial position remains challenging, largely as a result of our debt but also because of tariffs that are not cost reflective.”..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.