Will you have to fill Eskom’s R30bn Covid hole?
The coronavirus has given Eskom space to deal with some of its problems. At the same time, however, it has created dramatic new issues for which there are no easy answers
18 June 2020 - 05:00
If Eskom had a cent for every time someone dusted off the Winston Churchill quote "Never let a good crisis go to waste" since Covid-19 stopped the world in its tracks, the lumbering power utility would have far fewer financial headaches than it does today.
Eskom knows all about crises — what with its R450bn debt, decrepit power stations and the politics of reducing its bloated, unproductive workforce. Covid-19 has bought it breathing space as the economy has shut down, and electricity use has fallen...
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.