https://newsletter.en.creamermedia.com
Financial|Health
Financial|Health
financial|health

NO MASKING THE LOSSES

Photo of Eskom chairperson Professor Malegapuru Makgoba, CEO Andre de Ruyter and CFO Calib Cassim

Photo by Creamer Media's Donna Slater

10th September 2021

     

Font size: - +

Eskom chairperson Professor Malegapuru Makgoba, CEO Andre de Ruyter and CFO Calib Cassim were all masked up in line with Covid-19 health protocols when delivering the electricity utility’s results for the 2020/21 financial year. Despite some improvements, Eskom’s debt mountain was yet again insurmountable, and contributed to yet another massive loss of close to R19-billion. While losses might shrink slightly in the coming years, it is going to be up to the taxpayer to sustain Eskom’s going-concern status unless and until a viable solution is found to the debt problem.

Edited by Creamer Media Reporter

Article Enquiry

Feedback

Email Article

Save Article

To advertise email advertising@creamermedia.co.za or click here

Comments

Latest Multimedia

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.148 0.248s - 167pq - 2rq
Subscribe Now