Eskom forecasts another R23 billion loss

[Shaun Jacobs]

Eskom forecasts another R23 billion loss

Eskom expects another multi-billion rand loss in the current financial year despite a marginal improvement in its performance.

 

[Quicks]

Price of BEE.

 

[Mike Hoxbig]

 

[YoungSandwich]

Well, clearly the ANC has done a great job with the electricity.

 

[Lupus]

What improvement in it's performance? Compared to last year the same month there's been one month that was marginally better, shortly after it plummeted back

 

[Jam Sandwich]

Pocket change...

 

[Quicks]

Soooo basically expecting another bailout, after another bailout. Only to find out that they still can't generate electricity and more, and more businesses will have to down size or close shop?

JOB WELL DONE! BONUSES ALL ROUND!

 

[ToxicBunny]

So wait, the way I read that article and the statement from Calib.. they made a loss of R23.2bn even AFTER being given R78bn by government. So technically Eskom lost over R100bn in the last financial year.

 

[DapperDanMan]

So technically Eskom lost over R100bn in the last financial year.

Henceforth, losses should only be reported as B or otherwise T.

The numbers are irrelevant and wastes printing space, and ink.

 

[My_King]

Why not 24 billion. Which cadre is losing here?

 

[ToxicBunny]

Henceforth, losses should only be reported as B or otherwise T.

The numbers are irrelevant and wastes printing space, and ink.

I was kinda hoping someone would tell me I'm being an idiot and misreading it....

 

[airborne]

Don’t worry it’s only just over 1 Billion in USD

 

[DapperDanMan]

tell me I'm being an idiot

Well, you are one if you didn't make sure to get yourself a slice of that Big Pie.

 

[saor]

When you basically have a monopoly on something everyone needs but you still fuck it up.

 

[dualmeister]

 

[Sideshow Bob]

So wait, the way I read that article and the statement from Calib.. they made a loss of R23.2bn even AFTER being given R78bn by government. So technically Eskom lost over R100bn in the last financial year.

Has he blamed solar installations yet ? The ones that we had to do because of eskom f-ups?

 

[Sideshow Bob]

FFS.

Municipalities currently owe Eskom R63 billion, Cassim said. There are hopeful that interventions by the National Treasury will ensure outstanding bills are paid.

 

[ToxicBunny]

Has he blamed solar installations yet ? The ones that we had to do because of eskom f-ups?

Oh no, but they are forecasting record breaking revenues from next year...

 

[Jefferson D'Arcy]

A billion US Dollars pissed away on overpriced diesel and a fleet of those Mercedes Hi-Aces for cadres to transport their hoors around.

 

[rvZA]

Well, f**king duh.... they hardly generate any electricity at all, have the largest workforce in the world with the largest salaries in the world and the institution making more debt than the whole country can afford.... what did they think will happen?