Four possible fixes for Eskom
A new research report lays out four possible fixes for struggling power utility Eskom – but implementation and politics may prove problematic
Eskom’s troubles are undeniably big. But from a bird’s-eye view, they are also very simple: quite plainly, SA’s largest state-owned company is not generating enough money to cover its enormous costs.
In the annual results for the financial year ended March 2019, Eskom reported a severely worsened financial position — a loss of almost R21bn after tax, against a R2.3bn loss in the previous year.