Only a national concerted effort can rescue Eskom and the economy
Business, in particular coal-mining companies, must participate in ending the power utility's crisis, and not just be armchair commentators
13 August 2019 - 05:07
It is a matter of grave concern for the business sector that Eskom has reported R20.7bn net loss after tax and is struggling to service debt of more than R400bn. This dire situation cannot be solved by the government and Eskom alone. The private sector, particularly coal suppliers, should make a contribution.
As things stand, more bailouts will be required to keep the company running and powering our homes and industry. The concern is three-fold...
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