Final nods for Eskom transmission firm in the next few weeks
New arm will help improve utility’s outlook next year as it heads for expected R32bn pretax loss
31 March 2023 - 18:35
UPDATED 02 April 2023 - 17:36
Eskom expects regulators and lenders to approve its long-awaited separate transmission company by month end, with the new company boosting the utility’s outlook in the next year.
Announcing interim financial results on Friday, Eskom said that after halving its losses last year it now expects its pretax loss for the year to end-March to widen 113% to about R32bn. It cited falling sales and “constrained” plant performance plus low tariffs and high costs...
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.