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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now