Only state support keeps loss-making Eskom alive
The utility is a going concern but only because of explicit government support, says CFO Calib Cassim
01 November 2020 - 18:52
Eskom, which recorded another multibillion-rand loss for the 2020 financial year, would not be a going concern were it not for the government’s substantial support.
The embattled utility on Friday reported a net loss of R20.5bn for the year ended in March 2020, after a record R20.9bn loss in the previous year...
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